Hard Rock Hotel Licensing, Inc. offers franchises for the development and operation of a full-service hotel establishment that provides lodging and food and beverage of a distinctive character and quality under the name "Hard Rock Hotel.
Company Background
Hard Rock Hotel is the world-famous hotel chain that has more than 165 locations in 55 countries. The company was founded in 1997 by Isaac Tigrett and Peter Morton, founders of Hard Rock Caf? with the goal to create a new kind of lifestyle destination. Today, the global hospitality brand offers guests an immersive experience centered around music, art and design. There are over 150 million guests who have enjoyed great food, legendary service and one-of-a-kind accommodations since its inception in 1997.
Franchise Opportunity
If you're looking to own your own hotel, then it's important that you find the right opportunity. Many people are attracted to the idea of owning their own business and running a successful hotel is one way they can achieve this goal. The Hard Rock Hotel franchise was created with this in mind. By joining forces with an established brand, you'll be able to focus on what matters most - bringing great service and hospitality to every customer who walks through your doors.
Earnings Transparency
1 /10
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
Franchisee Attrition
10 /10
This franchise's rate of attrition in 2023
of 0.00%
was
Higher
than the % in the Lodging industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by
franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year.
It is a strong indicator of the strength of the underlying operating model
Employee Contact Database
#
Name
Position
Phone Number
Email Address
Franchise Disclosure Documents
FDD
Effective Date
Distribution of Hard Rock Hotel Franchisees
Hard Rock Hotel Franchise System Development in 2016
FAQ
How much investment do I need to start my own Hard Rock Hotel business?
Franchisees typically require at least
$115,525,666 to
$219,938,000 investment to get their
Hard Rock Hotel business started
What are the initial franchise fees for Hard Rock Hotel?
We don’t know exactly how much the franchise fees are for
Hard Rock Hotel, but we can tell you that other franchises in the
Lodging & Leisure sector typically need to pay between
$417,463 and
$877,056 to the
franchisor
How much money can I make with a Hard Rock Hotel franchise? What are
the average revenues for a typical Hard Rock Hotel business?
We haven’t done the math on how much revenue a typical
Hard Rock Hotel brings in each year. We estimate that other
franchisees in the Lodging & Leisure industry generate
$0 revenue, so we would expect
Hard Rock Hotel to generate a similar amount
How long do I need to commit to running a Hard Rock Hotel unit? What
is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are
also generally 10 years
Accessibility
5 /10
The Franchisor's investment costs ranges from
$115,505 to $224,030
which is
Much Lower
than the $12,405,748 to $23,788,760 average in the Lodging 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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