Basics of a Homewood Suites by Hilton Franchise

If you’re thinking about buying a Homewood Suites by Hilton franchise, there are many things to consider before signing on the dotted line. Becoming a Homewood Suites by Hilton franchisee is not a guarantee of success, but rather a blueprint that can assist you in achieving success. Given the correct market conditions, skills and dedication, being a Homewood Suites by Hilton franchisee might be financially rewarding.

Owning a Homewood Suites by Hilton franchise is a serious commitment and works best when you make a thoughtful, educated decision.

  • Just because you love Homewood Suites by Hilton’s products or services doesn’t mean that you will be able to successfully operate a Homewood Suites by Hilton franchise.
  • Being emotionally attached to the idea of becoming a Homewood Suites by Hilton franchisee is not a state of mind in which you can effectively evaluate an opportunity.
  • Your positive experience as a customer of Homewood Suites by Hilton should not form the basis for deciding to become a franchisee.

As an example, just because you love Big Macs doesn’t mean that you should become a McDonald’s franchisee.

Are you looking for some free resources to help you determine if a Homewood Suites by Hilton franchise is for you?

Homewood Suites by Hilton Due Diligence

You must conduct smart due diligence and determine from a business perspective whether owning a Homewood Suites by Hilton franchise is right for you.

If you truly want own a Homewood Suites by Hilton franchise, get all the information you can from Homewood Suites by Hilton and secure a qualified advisor who has experience helping people like you purchase franchises.

You may also want find that gaining a better understanding of the terms related to franchising would be helpful.  If so, you may want to visit A Glossary of Franchise Terms.

Make sure that owning a Homewood Suites by Hilton franchise fits in with both your skills and life style objectives. If you don’t want to work evening and weekends, don’t purchase an ice cream shop. If you’re an introvert, don’t buy a franchisee that requires you to be extroverted.

Are you interested in more questions to ask Homewood Suites by Hilton franchisor, Homewood Suites by Hilton franchisee, or even yourself? Get to know the terms.

Homewood Suites by Hilton Franchise Disclosure Document

Carefully read the Homewood Suites by Hilton Franchise DisclosureDocument (Also known as an FDD). They can be intimidating.

As you are reviewing Homewood Suites by Hilton’s Franchise Disclosure Document you will have a number of calls with Homewood Suites by Hilton’s franchise team before you will be allowed to call Homewood Suites by Hilton franchisees.

When you are allowed to call Homewood Suites by Hilton franchisees make sure you speak to at least five to eight franchisees. You will find that most Homewood Suites by Hilton franchisees will be honest and unbiased about Homewood Suites by Hilton. If you would like more information on how to dissect a Homewood Suites by Hilton FDD consider the following resources:

  • The Educated Franchisee Chapter 8 – ' Dissecting the Franchise Disclosure Document' - Click Here
  • The FDD Exchange - Franchise Disclosure Document Checklist' - Click Here
  • PodCast with Franchise Attorney Nancy Lanard – 'What to look for in a Franchise Disclosure Document' - Click Here

Does a Homewood Suites by Hilton Franchise Make Money?

A critical part of your due diligence is to build an estimated P&L (profit and loss statement) and see what the numbers might look like if you become a Homewood Suites by Hilton franchisee. Reading Chapter 13 of The Educated Franchise teaches you the secrets of this key step.

The decision making tools in Chapter 15 of The Educated Franchise and in Step 13 of The Franchisee Workbook shows you how to honestly evaluate whether or not buying a Homewood Suites by Hilton franchise is the right move for you.

If you’re serious about becoming a Homewood Suites by Hilton all franchisee and want to explore owning a Homewood Suites by Hilton franchise, take the best first step you can and grab your copy of The Educated Franchise today!