HomeTowne Studios Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of HomeTowne Studios including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
HomeTowne Studios Franchise
Investment $345,500 - $1,238,500
Franchise Fee $30,000
Royalty Fee 3%
Advertising Fee -
Year Founded 2017
Year Franchised 2017
Term Of Agreement -
Term Of Agreement -
Renewal Fee -


Business Experience Requirements

 
HomeTowne Studios Franchise
Experience -

Financing Options

 
HomeTowne Studios Franchise
  In-House/3rd Party
Franchise Fees -/-
Start-up Costs -/-
Equipment -/-
Inventory -/-
Receivables -/-
Payroll -/-

Training & Support

 
HomeTowne Studios Franchise
Training -
Support -
Marketing -
Operations -

Expansion Plans

 
HomeTowne Studios Franchise
US Expansion Yes
Canada Expansion -
International Expansion No

Company Overviews

About HomeTowne Studios

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HomeTowne Studios by Red Roof is an extended stay hotel with flexible daily, weekly, and monthly rate options.
• Fully Furnished Rooms
• Kitchen
• Full Sized Refrigerator
• Microwave
• 2-Burner Stove Top
• Kitchen Table with Chairs
• Weekly House Keeping
• On-site Laundry
• Free High-Speed WiFi
• HD Flat Screen TV
• Extended Cable Package
• Free Domestic Phone Service
• All Inclusive Pricing - No Utility Bills!
• Rate Options: Daily, Weekly, Monthly

The total investment necessary to begin operation of a HomeTowne Studios by Red Roof or a Home Town Inn lodging franchise for a 65-room conversion hotel ranges from $345,500 to $1,238,500. These amounts do not include the costs of land, original construction or acquisition, or ground or building lease rent for the hotel location but do include the approximately $56,500 to $62,000 that must be paid to the franchisor or an affiliate.