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Grow with us towards a successful future in the hospitality industry & become a part of India's top rated hotel chain!
About Spaga:
Spaga is one of India’s hotel chain. As a company in the hotel industry, we aim to combine a deep guest centric DNA with cutting-edge hospitality technology, that offers our guests unmatched value for money and quality stays at our hotels. We are not only larger than traditional hotel chains, we are also among the highest rated by guests.
Spaga was founded by Midhun Sebastian. The top management comprises of functional experts and management talent from Naipunnya college of Kerala
Our Business Model:
We works on a franchisee model, where in we tie-up not only with already established hotels, but also with hotels under construction and yet to be constructed hotels. In this endeavor, we also provide end to end support to the franchisee, including during the construction phase of the hotel. Some of the support provided include:
-Design Consultation
-Project Management
-Vendor Support for various services
Once the construction of the hotel is complete, we then proceed to the next stage of support, including but not limited to:
-Support during the pre-opening stage (staff hiring, training and management, hotel listing and quality inspections)
-Sales & Marketing
-Inventory management
-Customer Support
We will run at an average occupancy rate of more than 75% across all our hotels vis-a-vis the industry average of 50-55%, at a very healthy ARR of Rs. 2200+. By partnering with us, hotel partners see a bump of 3 to 5 times in their monthly profits. Since a large part of the business is prepaid, and since these monies flow through Treebo, we also have significant control on the cash flows in the business.
For providing our services to get the hotel up and running, as well as ensuring a healthy occupancy rate with great sales, we take a modest share from the overall room revenue.
Franchise Facts & Requirements:
Land Area Required: At least 5000 Sq. Ft.
Total Built Up Area Required: At least 12000 Sq. Ft.(For under construction properties)
Investment Required: 1 crore to 5 crores (Based on type of project)
ROI: 12% to 25% (based on type of project)
Expected Break Even: 3 years to 7 years (based on type of project)
Location: Pan India (Land or property should be in an area suitable for hotel construction)
Franchisor Support:
We provide support across the entire value chain:
Design & Development:
Hotel Operations:
Procurement:
Technology:
Human Resource:
Sales & Marketing:
Operations Commenced On 2018
Franchise Commenced On 2018
Investment INR 10000 - 50000
Region Wise
Investment INR 10000 - 50000
State Wise
Investment INR 10000 - 50000
City Wise
Investment INR 5 Cr. above
Anticipated percentage return on investment 20 %
Likely pay back period of capital for a Unit Franchise 2-7 Months
Other investment requirements No
Delhi, Haryana, Himachal Pradesh, Punjab, Uttaranchal, Uttar Pradesh
Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Telangana
Assam, West Bengal, Sikkim
Gujarat, Rajasthan, Maharashtra, Goa
Chhattisgarh, Jharkhand
Andaman and Nicobar, Pondicherry, Chandigarh, Lakshadweep, Daman and Diu
Type of property required for this franchise opportunity Commercial
Floor area requirement 5000 Sq.ft
Preferred location of unit franchise outlet Locations fit for running a hotel
Detailed operating manuals for franchisees Yes
Is field assistance available for franchisee ? Yes
Expert guidance from Head Office to franchisee in opening the franchise Yes
Current IT systems will be included in the franchise Yes
Do you have a standard franchise agreement? Yes
How long is the franchise term for? 5 Years
Is the term renewable? Yes
Disclaimer: Franchise India is an integrated franchise solution company since 1999, and an absolute authority on franchising and licensing. FIHL (www.franchiseindia.com) and the site sponsors accept no liability for the accuracy of any information contained on this site or on other linked sites. We recommend you take advice from a lawyer, accountant and franchise consultant experienced in franchising before you commit yourself. It is user’s responsibility to satisfy yourself as to the accuracy and reliability of the information supplied. Please read the terms & conditions on Franchise India.
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