Question 76 - 77 refer to following paragraph:Clarendon Hotels and Resorts – Franchise DevelopmentClarendon is focused on moving forward. We keep our brand consistent and strong by managing a standard of quality product and service that is second to none, making Clarendon a name that customers can trust. Our expansion strategy covers all of the key areas of support for a successful hotel business. We take our relationships with franchisees seriously and offer lucrative financial packages. ...

Question 76 - 77 refer to following paragraph:Clarendon Hotels and Resorts – Franchise DevelopmentClarendon is focused on moving forward. We keep our brand consistent and strong by managing a standard of quality product and service that is second to none, making Clarendon a name that customers can trust. Our expansion strategy covers all of the key areas of support for a successful hotel business. We take our relationships with franchisees seriously and offer lucrative financial packages. Summary of FeesINITIAL FEE: $75,000 (USD)ROYALTY FEE: 5% of Gross Room Revenue annuallyMARKETING CONTRIBUTION: 2% of Gross Room Revenue annuallyThis applies to the U.S and Canada only. The information provided here is a summary and does not include all fees and costs. For complete information about fees, services, and licensing requirements, please request a copy of the Clarendon Franchise Information Package from our head offices in Philadelphia.76. How much could a franchise make in the first year?