Financial Requirements. Once you know the franchise gym you're going to open, your next step is writing a business plan. 1 MB). 3. 00pm +603 218 11375 Ground Floor, Lot G03J-K, Suria KLCC, Kuala Lumpur, Malaysia Dotty's IOI Putrajaya Operation Hours Monday tiREAD MORE: See Our Franchise Guide; McDonald’s Franchise Cost. That corresponds to a 23% EBITDA margin. 25% for Non-Traditional Locations. The franchise fee is $27,000, with a required net worth of $250,000; the company estimates that, on average, the process of purchasing and opening a Cold Stone franchise takes four to twelve. Indeed, with an average initial investment of $6,768,000, it’s far more than the average investment for fast food franchises at $1. a $50,000 initial franchise fee; and (ii) up to a $2,000 document preparation fee that will be applied to its cost to prepare the Franchise Agreement and any. 0 (5 reviews) 3. Dotty's is a chain of slot machine parlors with about 175 locations in Nevada, Oregon and Montana and another 150 locations planned in Illinois. The top industries hiring right now are: Hotel, Restaurant, Tourism Management. 00pm +603 7731 2466 20-G, Jalan Tun Mohd Fuad 2, Taman Tun Dr. 1980 Festival Plaza Drive, Suite 300 Las Vegas, NV 89135 Phone: 702-829-8438 Email: joeb@bphold. The turnkey costs required to acquire a franchise of Booster Juice range from $325,000 to $375,000 including an initial franchise fee of $30,000. , and aims to “bring encore experiences that enrich lives, one person at a time”. 9. Section II – Estimated Costs. This is the median annual revenue of 171 franchised salons operating in 2022. Architect and Design Fees: $10,000 to $18,000. 1. $5,000,000. It’s important to note that these estimates are just that – estimates – and the actual costs associated with opening a Raising Cane’s franchise can vary significantly depending on a variety of factors. The required investment for Spiffy franchises is low compared to similar franchises. The Oregon Legislature that year had authorized video poker machines to be installed in bars and taverns, under the aegis of the Oregon Lottery. Traditional (Special Contract): $406,000 – $1,111,000. 8. The cost of signage, both interior and exterior, will depend on the size and location of your Duck Donuts location, your landlord’s particular requirements, local and state ordinances, and zoning requirements. Add a photo. $399 - $425. In order to open a Culver's franchise, you must have a net worth of more than $2,000,000. Contact for more details. Section II – Estimated Costs. The franchise fee is $19,900. franchise will cost anywhere from $1,375,000 to $2,003,500. Furniture, Fixtures, and Equipment (FF&E): $25,000 to $50,000. 1,46,000 (14. ’s Renewal Fee. Rita’s Italian Ice’s initial franchise fee, royalty fee, and marketing fee, based on Items 5 and 6 of the company’s 2022 FDD: Initial Franchise Fee: $10,000 to $35,000. So, we have already racked up setup costs of a. Permitting: $1,800 to $11,000. Actual cost of updates. Initial Franchise Fee: $40,000. Mobile and home-based businesses tend to be the cheapest, while full-service restaurants and hotels are some of the most expensive. For example, a restaurant located in a mall generates 4 times more revenue than a Concession truck/trailer. . They specialize in residential cleaning services. 25 Crore. Wee Nam Kee Chicken Rice. Section II – Wendy’s Initial Franchise Fee, Royalty Fee, and Marketing Fee. The difference between low and high investment levels exists due to labor, location, varying store sizes, build-out costs and expenses, and your experience and management of the store’s development. Telecommunications franchises allow the installation and maintenance of wire, cable, optical fiber, conduit, antennae, and other structures on, over, and under City streets to transmit video, voice, and data. The above information has been compiled from the FDD of Domino’s. Signs, Seating, Equipment, and Decor: $1,000,000 to. How much does a F45 Training franchise cost? On average, you may need to invest around $457,650 to open an F45 Training franchise. On average, you would need around $837,847 to open a Checkers/Rally’s franchise restaurant. The unique aspect of the Beontea brand is that these are coffee cup-shaped kiosk-style items. Food Preparation Equipment:. 30,00000 INR (30 Lakhs approx) Non- Traditional Store. dotty’s, portluxe, pop neutral In the beginning, Nadia, along with her older sister, Diana Nasimuddin, who oversees strategy and management, used to manage franchise businesses. • Dealers selling vehicles for which they do not hold a franchise agreement may be assessed a $250 fee for a first violation, or a $500 fee for a second violation within 2 years of the first violation. Construction Costs:. Before and after opening, as incurred. Supercuts is one of the most recognizable. How Much Does Owning A Church’s Chicken Franchise Cost? Church’s Chicken has a franchisee of $15,000 and a development fee of $20,000. The only official detail that they released is if you want to franchise in the Philippines. The investment includes an initial franchise fee of either $5,000 or $25,000, depending on the type of restaurant. Many of these are one-time fees that are needed to launch the franchise. On average, a Hungry Howie’s Pizza franchise makes $806,899 in sales per year. ). 4,50,000. The following costs are part of the upfront costs. Own a Franchise. 175. This is a +7. New Wimpy Franchisees can expect to pay between R1. You will need to consider building and real estate costs, the cost of equipment and signs, the costs of licenses and permits, the cost of uniforms, the cost of insurance, etc. £300,000 to £400,000. This is simply “the cost of admission” to use the franchise company’s brand and business systems. Papa John’s franchise costs (standard restaurant), based on Item 7 of the company’s 2022 FDD: Initial Franchise Fee: $25,000. Chem-Dry® SA was established in 1993. 2020 Papa Murphy Median Franchise Net Sales: $ 532,262. 5%. Food and Beverages. On average, a Chili’s franchise makes $1,213,006 profits per year. 2. The total investment can range anywhere from $97,500 to $1. How much does the Menchie’s franchise cost? Menchie’s Frozen Yogurt has a franchise fee of up to $40,000, with a total initial investment range of $218,325 to $385,158. To make the process of starting a franchise as simple as possible, The UPS Store has broken down our approval process into four straightforward steps. Besides the initial cost, there are other fees that must be. Add to wishlist. Pre-School. In short, If taken 20% of the profit margin, McDonald’s franchise owners earn an average income of $180,000 to $540,000 yearly; after over $2 Million in investment. May be increased or decreased pursuant to the terms of the Online Ordering Franchise Services Agreement. How much does it cost to start a Popeyes franchise? You need to invest $1,327,000 to open a Popeyes franchise. You must invest on average $399,000 including a $10,000 initial franchise fee to open a Domino’s franchise. Leasing (3 months): $24,000 to $63,500. The average licensing cost required to open a Starbucks is a $315,000 licensing fee and a. 63 casinos in Vegas, listed by geographical area (see the map) Strip (30) 2009 Aria. Culver’s franchise costs, based on Item 7 of the company’s 2023 FDD: Initial Franchise Fee: $20,000 to $55,000; Land: $435,000 to $2,085,000 In this list, we’ll take a look at the initial investment, the franchise's growth rate over the past three years, and the number of franchise locations, or franchise units. Initial investments: $340,900 - $566,200. 0525 per transaction. This is on the higher side for quick-service restaurants (McDonalds for example has a $65,000 franchise fee). Leasehold Improvements: $137,558 to $232,691. Franchise Fee. A: Yes, Dotty's is alive and very well in Las Vegas, along with Montana, Oregon, and Illinois. In order to open a Jollibee restaurant franchise, you must have a net worth of more than $450,000. If you acquire a 3-Pak to develop three Coffee Shops, the Initial Franchise Fee is $30,000 per franchise for a total of $90,000, or an additional $50,000, which is due when you sign the Franchise Agreements. The total investment for a single Orangetheory Fitness studio ranges from $488,405 to $994,360. I love this place except for the Times when the older woman named Theresa is there. DonutNV’s initial franchise fee, royalty fee, and marketing fee, based on Items 5 and 6 of the company’s 2022 FDD: Franchise Fee: $59,500 for a territory with up to 100,000 people. Generally, A traditional outlet's franchise cost will start from 50 lakhs INR. How much does it cost to open a Chester's Franchise? The estimated investment required to open a Chester's Franchise is between $12,385-$277,313. • Franchise Fee: This amount can vary, depending on the. 2. 2. In addition, ongoing fees include a Dotty's. Once you’ve narrowed down the industry you’d like to work in, it’s time to pick a job! The top 5 jobs currently available in Winnemucca, NV are: Travel. Sandella’s Australia PTY LTD is a fast food restaurant franchise that was established in 2004 in Australia and started in franchising in Australia in 2019 with 150 franchise units worldwide. This franchise goes beyond donuts in its. Section I – Hungry Howie’s Franchise Costs. Automotive: $141,333. Initial investments: $464,500 - $2,306,500. Leasehold Improvements: $60,000 to $120,000. Headquarters: Omaha, Nebraska. The above information has been compiled from the FDD of Marco’s Pizza. Scooter’s Coffee (coffeehouse store) franchise costs, based on Item 7 of the company’s 2022 FDD: Initial Franchise Fee: $40,000. Real Estate/Lease: $11,500 to $39,500. Startup franchise costs vary based on the type of center you’re looking for, the size of the location and where the center is located. This franchisor requires that each applicant have a net worth of $1 million, with at least $500,000 in cash, to ensure that new franchisees can meet these requirements. In comparison to its brand value,the franchise fee in India is just Rs. Kentucky Fried Chicken Franchise Cost and Franchise Requirements. Total Estimated Capriotti’s Franchise Costs (excluding real estate purchase and lease costs): $417,100 to $748,500; Section II – Capriotti’s Initial Franchise Fee, Royalty Fee, and Marketing Fee. 1. Including the initial franchise fee of $25,000, the investment amount covers $55,000-$95,000, which you must pay to the franchisor. Oct 29, 2023The franchising is expected to show growth in 2020, above the 1. Healthcare: $80,940. Currently, you must pay a lump sum of $50,000 upon signing the Franchise Agreement. You must pay an initial franchise fee of $25,000 when you sign a Franchise Agreement. Schlotzsky’s Bakery Café is an American fast-casual restaurant chain that is owned by Focus Brands along with Auntie Anne’s, J a mba’s, Moe’s Southwest Grill, Cinnabon, Carvels, and McAlister’s Deli. Site Concept Plan, Preliminary Due Diligence,. Franchise Direct's Disclaimer. The franchise fee to become a KFC franchise owner is $45,000, with an estimated startup costs totals ranging between $1. The number is just an average that will vary based on your situation; for. Chem-Dry SA was named Chem-Dry’s Master Franchisee of 2013 at the Devere International Convention held in Nashville, Tennessee, in October 2013. With the low franchise fee and initial investment. So according to the company’s new brochure you should have an ability to invest INR 1. The closest you can get to a franchise owner now is a regional operator. If you want the summative test to go along with your material, it will cost an additional $3. Find out what works well at Dotty's Casino from the people who know best. The investment amount can vary depending on unique factors, as it is just an estimated average; for example,. Culver’s director of development Tom Goldsmith acknowledges the reality of his operation’s hefty franchise costs, cautioning that Culver’s isn’t for entrepreneurs light in the pocketbook. A per-transaction fee of 3. For container dealers in business for more than one year. Merry Maids. One of the fastest-growing franchise businesses, they already have more than 50 franchise locations throughout all of India. On average, a My Salon Suite franchise generates $450,000 in revenue per year. On average, a Denny’s franchise makes $1,634,549 in sales per year. Year of FDD: 2023. However, the biggest thing to consider is the employee training and renewal fees. McDonald’s Franchise Cost in India 2023. What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. Raising Cane’s Franchise ProfitHow Much Is a Wendy’s Franchise? There are three estimates of the overall cost of opening a Wendy’s franchise. In its nonrestricted locations. You will need to consider. 5% of total gross sales. McDonald's franchisee applicants must have a minimum of $500,000 available in liquid assets and pay a $45,000 franchise fee. Store Equipment. Opening Inventory: $4,000 to $8,000. franchise makes $1,419,516 in sales per year (+10% revenue growth vs. The initial franchise fee is waived for a Go Mini’s dealer signing the Franchise Agreement. The initial D-BAT franchise fee is $40,000 and is to be paid fully upfront and is nonrefundable to open a new franchise. The estimated financial range for the initial setting up and first three months of operation for a new McDonald’s restaurant ranges between $481,000 and $2,450,000. $10,000 plus the franchisor’s attorneys’ fees; $5,000 plus the franchisor’s attorneys’ fees if the buyer is an existing franchisee. Total initial investment is expected to reach $177,430 – $335,400 per unit. Explore the costs, benefits and pride of being a McDonald's U. OldTown White Coffee is an attractive franchise business in Malaysia for several reasons. 50% of Gross Sales. 13. Indeed, despite its relatively small size, a. Carl Jr. Bar-B-Clean: Bar-B-Clean offers residential and commercial customers a convenient, low-cost grill-cleaning solution. 69 before tax. 86. . Inventory: $11,500 to $22,000. Advertising and Development Fund: up to 4½% of weekly Gross Sales (currently the full 4½%) or 1½% for Non-Traditional Locations. Franchising is the 12 th largest industry in Canada and the second largest franchise industry in the world. This number is the annual median sales of 282 sample restaurants operating in 2021. The franchise fee is $30,000. Year. First Month’s Insurance Expense: $310. Earlier, the franchise fee of Domino’s was 4,50,000 Rupees but now the franchise fee is 10 Lakh Rupees. The franchisor's actual costs. National Advertising: 3. 88 to rent per night. Initial franchise fee: $13,500 to $40,320. Tommy’s Express Car Wash Franchise Costs: Estimated Initial Investment (Item 7, 2022 FDD) 1. Steak ‘n Shake franchise costs (freestanding quick service format), based on Item 7 of the company’s 2022 FDD: Franchise Fee: $25,000. Small Business. As the total cost varies by location, so will the initial down payment. The following costs are part of the upfront costs included in the initial investment for Arby’s. Here’s a breakdown for a few of the bigger industries: Home Services: $64,332. 14 Food Franchise Opportunities. You can get a Box Combo that includes 4 fingers, crinkle cut fries, 1 Cane’s sauce, Texas toast, coleslaw and a fountain drink for $8. For more information about purchasing and financing a McDonald’s Franchise, please visit the U. Jimmy John’s initial franchise fee, royalty fee, and marketing fee, based on Items 5 and 6 of the company’s 2022 FDD: Initial Franchise Fee: $30,000 to $35,000. Franchise incentives for military veteransFranchise: A franchise is a type of license that a party (franchisee) acquires to allow them to have access to a business's (the franchiser) proprietary knowledge, processes, and trademarks in. 5% EBITDAR margin (before rent expenses). 2010 Cosmopolitan. The costs split into an initial franchise fee of USD10,000 to USD15,000, plus a capital investment which depends on the store type and size. The initial franchise fee to open a Chick-fil-A is $10,000. These successful food franchise opportunities range from full-service restaurants to specialty stores to grab-and-go establishments. Due Date: Monthly, or other time period stated in the Concession Agreement. This amount is an average, so it can vary based on different factors (your location, market price of equipment, etc. 7 million. . The food truck usage fee is payable to Chick-fil-A under the Food Truck License and Sublease Agreement in lieu of the lease rental. Initial Opening Support Fee: $15,000. Initial Total Investment. Initial franchise term: 20 years. Liquid cash requirement: $500,000 minimum. Furniture, Signs, Equipment, and Supplies: $10,000 to $17,000. 2. Additional funds: $50,000 to $104,300. Find answers to 'What advice would you give the CEO of Dotty's Casino about how to improve it?' from Dotty's Casino employees. Here are listed some of the most profitable Franchise Business Opportunities in India (Under INR 10 Lakhs): Franchise Business. (+11. Overall, when we combine the data of franchise and company-owned outlets, we can see that the Cici’s Pizza franchise has declined in the years 2018-2020, showing a total failure rate between 2. 5 million and an initial franchisee fee of R114,300 (excluding VAT). (no table games) 1968 Circus Circus. You’ll need an initial investment of $178,523 – $746,342 to open a store. Cocolemon. 9% royalty fee (as a % of revenue), as well as. 5%. Dotty's TTDI Operation Hours Monday till Sunday 8. Mac Tools Software License Fee. Site Concept Plan, Preliminary Due Diligence, and Site Work: $176,000 to $475,000. Additional Development Costs: $12,000 to $90,000. 00pm +603 7731 2466 20-G, Jalan Tun Mohd Fuad 2, Taman Tun Dr. Startup costs are estimated around $130,120 to $844,420. 3M. The quarterly fee is $81 per machine for the first four machines, then $141 for each additional machine. An Antiguan license will cost around $100,000 for a casino, an extra $60,000 for a sports book, and in Gibraltar licenses coast £2000 for the year. The following costs are part of the upfront costs included in the initial. Year of FDD: 2023. Initial Franchise Fee: $45,000 Ad Royalty Fee: 5%. pany. $450,000 to $800,000. For example, you may need to pay 3 times as much for a drive-thru than a non-traditional restaurant: Type of restaurant. I always am greeted…. Restaurant Building Costs: $66,157 to $369,405. The estimated total investment necessary to begin the operation of a Dunkin’ Donuts Franchise ranges from $121,400 to $1,787,700. Money is the first thing that will strike your mind while planning to open up a Domino's franchise. McDonald’s. $500 per site location after four site locations. Founded: 1983 Initial franchise fee: $135,000 Royalty fee: 7% and 4% ad royalty fee; Daycare centers: 600+ Headquarters: King of Prussia, Pennsylvania The Goddard School. Building Costs: $180,000 to $600,000. The UPS Store. Freddy's Frozen Custard and Steakburgers. If you do not have enough capital, you may need to get a loan to finance your franchise. This is simply “the cost of admission” to use the franchise company’s brand and business systems. As per the latest FDD, the amount the franchisee must invest ranges from $107,450 to $682,500. 10 on Entrepreneur’s 2020 Franchise 500 list. On average, a Hungry Howie’s Pizza franchise makes $806,899 in sales per year. 1998 Bellagio. 49. 2. Initial Investment: $50K to $100K. Papa John’s. Buying land outright: $1,887,500-$3,693,000 Financing land: $556,500. 25%;The initial franchise fee is just the start. Ismail Dotty's KLCC Operation Hours Monday till Sunday 8. These successful food franchise opportunities range from full-service restaurants to specialty stores to grab-and-go establishments. Approved Mobile Unit – 3 Months of Financing Payments: $4,395 to $4,944. To buy a franchise with Happy Joe's Pizza, you'll need to have at least liquid capital of $150,000 and a minimum net worth of $850,000. This represents a 27% profit margin (adjusted EBITDA margin). Stage No. This corresponds to a 32% profit margin (adjusted EBITDA margin). See the costs for each type below. Unknown. Additional Funds: 3 to 6 months (working capital) (less any incentives offered) $343,535. 7 million. Franchises Under $1,000 Franchises Under $5,000 Franchises Under $10,000 Franchises Under $20,000 Franchises Under $30,000 Franchises Under $40,000 Franchises Under $50,000 Franchises Under $60,000 Franchises Under $70,000 Franchises Under $80,000 Franchises Under $90,000 Franchises Under $100,000. Since then, the franchise industry income has grown to $120 billion. The total investment also can vary as it is an estimated average of both standard and non-traditional restaurants. Smallwares: $15,000 to $50,000. As Incurred. The standard franchise fee in the U. The investment amount varies depending on many factors like location, the format of the restaurant, etc. Numerous locations throw out pounds of taco meat a week for taco Tuesday, that customers don't even eat or buy. The company notes that this average figure. Buying a franchise can be expensive. On average, franchisees pay 10. Controls for users and owners. Tel : 03 - 2632 8000 Based on the noted averages, initial costs incurred for a typical start up operation would be, at a minimum , US$300,000 U. Typical Cost. 77%. Of course, this is just a ballpark figure – the actual cost will vary depending on the specific circumstances of the franchise location. There is a wide range of expenses and many of these are required. About 60,000 people apply for a franchise each year, and less than 1% of them are eventually chosen. Rs. Financing (3 months): $271,000 to $551,000. Our 280-seat bingo room gives guests the opportunity to play and win big at everyone’s favorite game! read more. 49. You must invest on average $399,000 including a $10,000 initial franchise fee to open a Domino’s franchise. Food kiosks are an option for small franchise businesses in India. Locations can be fairly small, and staffing costs are generally minimal. Supercuts franchise costs, based on Item 7 of the company’s 2022 FDD: Development Fee/Franchise Fee: $10,000 to $39,500. A Checkers & Rally’s franchise comes at a relatively low initial investment cost of $96k–$1. Ongoing Fees. McDonald’s franchise costs, based on Item 7 of the company’s 2022 FDD: Initial Franchise Fee: $45,000; Real Estate and Building – 3 Months’ Base Rent: $0 to $313,000; Real Estate and Building – 3 Months’ Percentage Rent: 0% to 31. Entrepreneur Franchise 500 list rank: 73. The UPS Store ships upwards of 750 million packages during the holiday season. Section I – McDonald’s Franchise Costs. Sandella’s Australia PTY LTD is a fast food restaurant franchise that was established in 2004 in Australia and started in franchising in Australia in 2019 with 150 franchise units worldwide. 3 miles away from Dotty's. Year Business Began: 1998. other fitness franchises (~28. The total investment cost can range from $1,391,820 to $1,774,210, making this restaurant franchise on the pricier side. The 27% adjusted EBITDA margin is in line compared to similar franchises as per our intelligence (~25-27% industry average). Woofie’s franchise costs, based on Item 7 of the company’s 2022 FDD: Franchise Fee: $48,500. Neel Parekh started MaidThis in 2013 and today the company makes over $166K per month. 2021) This sales number is the median annual gross sales of the 723 franchised restaurants operating in 2022. $75,500 – $315,000. 9. Net Worth. If you have a piece of property that you are interested in selling, please contact us at the McDonald’s real estate site. 1966 Caesars Palace. Skilled Trades & Manual Labor. McDonald’s franchise costs, based on Item 7 of the company’s 2022 FDD: Initial Franchise Fee: $45,000. Chili’s is a profitable franchise: indeed, we found that the 32% profit margin is much higher than the average for similar restaurant franchises (25-27%), mostly due to lower than average rent costs. Franchise fee: $50,000. Domino’s Pizza Franchise Cost . Section VI – Key ratios, comparables, computations, and analyses for the KFC franchise opportunity (exclusive content for Platinum subscribers) Section I – KFC Franchise Costs. Financing available: No. Compare pay for popular roles and read about the team’s work-life balance. 2. Initial Opening Support Fee: $15,000. Estimated total initial investment: $89,616 to $125,023. Regional operators can make from $65,000 to $90,000 per year according to indeed. Yet, this number is just an average. In order to open a Dunkin’ Donuts franchise, you will need to pay a franchise fee between $40,000 to $90,000. Coming September 18. Of course, this is simply an average and varies based on a number of criteria (size of the restaurant, location, etc. Scooter’s Coffee (Kiosk Store) franchise costs, based on Item 7 of the company’s 2023 FDD: Initial Franchise Fee: $40,000. Section I – Scooter’s Coffee Franchise Costs. WilliamsonHeckt. Section I – Woofie’s Franchise Costs. All of these cost estimates include expenses such as franchise fees, rent, improving the property, staff training, and starting supplies. Furniture, Fixtures, and. 3%. $1,800-$3,600 annual charges. Please click here for detailed estimates of Capriotti’s franchise costs, based on Item 7 of the company’s 2020 FDD. 6% of loyalty program sales. Dotty definition: . Opening Inventory: $19,000 to $93,050. It is recommended to name the closest OrangeTheory Fitness location to inquire about options for corporate memberships and. On the other hand, a non-traditional outlet might cost the amount of 3000000 (INR 30 lacs) for setting up. Pushing the boundaries of what fans have come to expect from the record-setting entertainment franchise, Call of Duty®: Black Ops II propels players into a near future Cold War Recent Reviews: Very Positive (262) - 85% of. In addition to the initial franchise fee of $25,000, the amount you are paying covers all types of expenses needed at the start of your business. The quarterly fee is $81 per machine for the first four machines, then $141 for each additional machine. However, franchise businesses came with many restrictions, so they decided to develop an original concept. Section III – Initial Franchise Fee, Royalty Fee, Marketing Fee, and Other FeesSection I – Taco John’s Franchise Costs. Professional Fees: $500 to $12,000. Royalty fee: 5%. Midas franchise costs. Here is a breakdown and ranges of the financial requirements to open a Dunkin’ franchise: Total investment range: $97,500 to $1. Furniture, Fixtures, and Equipment: $330,000 to $399,000. Disadvantages of Starting a Franchise 1. 0 out of 5, based on over 86 reviews left anonymously by employees. You usually have to ring a bell to gain access, the room is small with a few gambling. Initial Franchise Fee: $37,500 to $51,500. Insurance (3 Months) $1,000 – $2,000. Initial fee: $46,000 + $200 per room for more than 50 hotel rooms. 2.