Ramada Franchise Systems
Yes, we actively support the inclusion and development of minority-owned franchises in the Ramada Franchise Systems system.
Ramada Franchise Systems
339 Jefferson Rd., P.O. Box 278
Parsippany, NJ 07054
800#:
Tel: (973) 428-9700
Fax:
E-mail: john.osborne@cendant.com
Web Site: www.ramada.com
Contact: Mr. John Osborne, EVP Franchise Sales
RAMADA is proud to have nearly 900 properties in the United States and Canada. The RAMADA brand was created in Flagstaff, AZ in 1954. In 1990, the brand was acquired by Cendant Corporation, formerly HFS Inc. RAMADA FRANCHISE SYSTEMS is a subsidiary of Cendant Corporation (NYSE: CD).
Franchisor Background
Established: 1954
First Franchise: 1989
Franchise Units: 893
Company-Owned Units: 0
Total Units: 893
Distribution:
> North America -- Operations in 48 States, 8 Provinces
> States/Provinces with Greatest Density: 90 in CA, 67 in FL, 64 in TX
Units Owned by Minorities:
>African-American:
>Hispanic:
>Asian-American:
>Native American:
>Other:
Average Number of Employees: 75% FT, 25% PT (FT = Full Time, PT = Part Time)
Space Needs: 18.-2.4 Acres SF; FS
(for abbreviations click here)
Financial Requirements
Cash Investment: $384K-8.3MM
Total Investment: $NA
Average Total Investment: $-1K
Minimum Net Worth: $NA
Fees
>Franchise: $35Kor $350/RM
>Average Franchise Fee: $35K
>Royalty: 4%
>Advertising: 4.5%
Provide Earning Claim Statement: Yes
Terms of Contract
Term of Contract (Years): 15 - 20
Passive Ownership: Allowed
Area Development Agreements:No
Sub-Franchising Contracts: No
Expand In Territory:No
Franchisor Support and Training Provided
Site Selection Assistance:No
Lease Negotiation Assistance: No
Cooperative Advertising: Yes
Franchisee Assoc. / Member: Yes/Yes
Size Of Corporate Staff: NA
On-Going Support: B,C,D,G,h,I (for an explanation click here)
Training: 3-6 Days On-Site Property Opening/Training.
Specific Minority Program(s) in Place: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Franchisor's Specific Expansion Plans
U.S.: All United States
Note: NR = No Response by Franchisor.
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