Franchise Summary
Description
The franchisee will establish and operate a hotel under the voco™ brand.
Corporate Structure
Holiday is a Delaware limited liability company which was formed on November 3, 1989 (originally under the name “Holiday Inns Franchising, Inc”, which was subsequently changed to “Holiday Hospitality Franchising, Inc.” and then converted from a corporation to a limited liability company). Except as set forth in this disclosure document, Holiday does business only under its limited liability company name. Holiday’s principal business address is Three Ravinia Drive, Suite 100, Atlanta, Georgia 30346, and its telephone number is (770) 604 2000. Holiday has offered franchises for voco™ hotel since March 2020 (though its predecessors operated hotel businesses and offered franchises for hotel businesses starting in approximately 1953).
Earnings Transparency
This Franchise discloses much less information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Franchise Types Available
| # | Type | Investment | Fees |
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voco Franchise System Development in 2021
FAQ
How much investment do I need to start my own voco business?
Franchisees typically require at least $15 to $46 investment to get their voco business started
What are the initial franchise fees for voco?
Franchisees typically need to pay at least $210 in fees directly to voco in order to earn the right to launch their business
How much money can I make with a voco franchise? What are
the average revenues for a typical voco business?
We haven’t done the math on how much revenue a typical
voco brings in each year. We estimate that other
franchisees in the Lodging & Leisure industry generate
$882,894 revenue, so we would expect
voco to generate a similar amount
How long do I need to commit to running a voco unit? What
is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are
also generally 10 years
Accessibility
The Franchisor's investment costs ranges from
$15,547,200 to $46,738,600
which is
Much Higher
than the $0 to $0 average in the Hotels & Resorts industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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