Part of it is used to pay the franchise fee, brand use fee and deposit; This part of the cost can get the brand use right of Vienna Hotel Group and the support of the follow-up headquarters for franchisees.

The remaining expenses mainly include rent, decoration expenses and the purchase of all equipment and materials for opening the store. It is also necessary to reserve a part of working capital for normal operation after opening a store. The main expenditure is used for employment wages, utilities, etc.

Vienna Hotel Group now has 38 boutique business hotels (including preparation and franchise stores), with more than 65,438+00,000 rooms, more than 7,000 seats and more than 3,000 employees. SoftBank Safran, an internationally renowned venture capital fund, invested heavily in Vienna Hotel Group and launched a listing plan.