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Jinjiang Inn is a well-known hotel brand in China, offering affordable yet comfortable accommodations to travelers. If you are interested in joining the Jinjiang Inn franchise in Chaoyang, this article will provide you with detailed information about the associated costs.
1. Initial Franchise Fee
The first step in becoming a Jinjiang Inn franchisee is to pay the initial franchise fee. This fee covers the right to use the Jinjiang Inn brand name and the initial training and support provided by the company. The exact amount of the fee may vary depending on the location and size of the hotel, but it typically ranges from 500,000 to 1 million yuan.
2. Renovation and Decoration
To ensure consistency in the Jinjiang Inn brand image, franchisees are required to renovate and decorate their hotels according to the company's standards. This includes refurbishing guest rooms, public areas, and other facilities. The cost of renovation and decoration can vary greatly depending on the condition of the existing property, but it is estimated to be around 500,000 to 1 million yuan.
3. Equipment and Furniture
In addition to the renovation and decoration costs, franchisees need to invest in hotel equipment and furniture. This includes purchasing beds, desks, chairs, televisions, air conditioning units, and other necessary items. The total cost for equipment and furniture can range from 300,000 to 500,000 yuan.
4. Pre-opening Expenses
Before opening the hotel to the public, there are several pre-opening expenses that need to be considered. These expenses include advertising and marketing, staff recruitment and training, obtaining necessary permits and licenses, and other administrative costs. The estimated pre-opening expenses for a Jinjiang Inn franchise in Chaoyang are approximately 200,000 to 300,000 yuan.
5. Ongoing Royalty and Advertising Fees
Once the hotel is up and running, franchisees are required to pay ongoing royalty and advertising fees to Jinjiang Inn. The royalty fee is usually a percentage of the hotel's gross revenue, which can range from 3% to 5%. The advertising fee is a fixed amount and is typically around 2% of the hotel's gross revenue.
In summary, becoming a Jinjiang Inn franchisee in Chaoyang requires investment in several key areas. The initial franchise fee, renovation and decoration costs, equipment and furniture expenses, pre-opening expenses, and ongoing royalty and advertising fees all contribute to the overall investment. It is important to carefully assess these costs and create a detailed budget before embarking on this franchise opportunity.
Note: The figures provided in this article are for informational purposes only and may vary depending on specific circumstances. It is recommended to contact Jinjiang Inn directly for the most up-to-date and accurate information regarding franchise costs in Chaoyang or any other location.
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