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Home > Franchises > Knights Franchise Systems
Knights Franchise Systems
A franchise agreement takes place when the concerned parties involved are bound together through certain contractual provisions. This is an arrangement whereby someone with an idea for a business, the franchisor, sells to another person the franchisee the rights to use the business's name, sell a product, or provide a service to someone else. A franchise agreement will usually specify the given territory the franchisee retains exclusive control over the area protection, as well as the extent to which the franchisee will be supported by the franchisor.
Knights Inn hotel chain has more than 230 locations in North America and established in 1972. The franchise is operated by Cendant Corp and provides limited-service, budget lodging to families, senior citizens, business travelers, truckers and other value-conscious travelers. Knights Inn looks for franchisees with hotel management or operation experience. This Franchisor has 642 employees.
As you consider opening your own Cendant hotel franchise, you're allying yourself with one of the biggest and best in the hotel industry. With more than 6,400 hotels on five continents, Cendant is the world's largest lodging franchisor. In fact, one out of every five economy and mid-priced room-nights in the United States is spent in a Cendant hotel. They achieve superior results by giving hotel franchisees like you the help they need to be in business for themselves, but not by themselves. Help such as powerful marketing and public relations programs, training and technical systems. They will be with you every step of the way.
The total investment for this franchise varies from 183,000 to 4.4 millions. Franchise fee is 5,000 dollars. The ongoing royalty fee keeps changing. The term of agreement for this franchise is of 3 years and is renewable. It was ranked 235 in 2006, 386 in 2005, 305 in 2004 and 285 in 2003 according to entrepreneur magazine 2002-2006.
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