|
Below is an in-depth analysis and side-by-side comparison of Studio 6 vs Country Hearth Inn including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $206,850 - $9,621,350 | $1,000,000 |
Franchise Fee | $20,000 - $30,000 | $40,000 |
Royalty Fee | 5% | - |
Advertising Fee | 2% | - |
Year Founded | 1998 | - |
Year Franchised | 1999 | - |
Term Of Agreement | 10-15 years | - |
Term Of Agreement | 10-15 years | - |
Renewal Fee | 50% of current franchise fee | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | On-The-Job Training: 25-30 hours Classroom Training: 40 hours Additional Training: Annual convention | - |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | - |
Marketing | Co-op Advertising Ad Templates National Media Social media SEO Website development Email marketing Loyalty program/app | - |
Operations | Absentee Ownership Allowed | - |
Expansion Plans |
||
US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
Extend Your Stay, Not Your Budget
Studio 6 taps into the national recognition of Motel 6, while having developed a following all its own.
Studio 6 properties feature fully furnished studios with low weekly rates and amenities for comfortable, restful extended stays. The properties are easy to operate and manage with favorable weekly pricing. Invest in one of the segment's fastest growing brands.
Motel 6 introduced Studio 6 in 1998 as an extended-stay option for travelers.
Franchising since 1999, Studio 6 offers furnished studio rooms, complete with work areas and fully furnished kitchens. The company is based in Dallas.
Franchise opportunities are available for:
Seasoned quality-oriented developers or operators, and; Those new to the lodging industry.
Franchisee Benefits:
* Complete prototype design
* Architectural, construction and renovation support
* Powerful marketing support and national advertising
* Competitive franchise and royalty fees
* Protected market territories
* Personalized operational support
* Initial training at our corporate headquarters
* Ongoing training on the field and online
* Adherence to fair franchising initiatives
* One-stop shopping for all purchasing needs
Seeking new franchise units throughout the U.S.,
Asia, Canada, Central America, Mexico and South America
Welcome to a hotel franchise opportunity that stands alone. In today's complex world of mid-priced, limited-service hotel franchise opportunities, it can be hard to differentiate one from another. However, just because you're looking at the limited-service hotel franchise segment, it doesn't mean there should be limits on the service you receive. At America's Best Franchising, we offer a hotel franchise difference that makes all the difference. From the moment you become an ABF franchise owner, and throughout your entire relationship with us, we work with you to ensure success. We do so by offering an exceptionally high level of service and support that is unique in the industry - often at up to half the price of other brands. As you take a closer look at our highly-proven and well-established Country Hearth Inns & Suites, America's Best Inns & Suites, Budgetel Inns & Suites, and 3 Palms Hotels & Resorts hotel franchise brands, it's easy to see why we continue to experience such impressive growth. As a hotel franchisee and business partner, you don't just become part of a corporate structure; you become part of a family. It's a decision you can be 100% confident in, because we are behind you all the way.