HomeTowne Studios

Extended-stay hotels
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Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$216K - $1M
Units as of 2019
53 Decrease

Company Overview

About HomeTowne Studios

Industry Lodging
Related Categories Hotels & Motels
Founded 2018
Parent Company Red Roof
Leadership Andrew Alexander, CEO
Corporate Address 7815 Walton Pkwy.
New Albany, OH 43054

Business Overview

Franchising Since 2018 (6 years)
# of employees at HQ 350
Where seeking

This company is offering new franchises worldwide.

This company is offering new franchises in the following US states:

# of Units 53 (as of 2019)

Information for Franchisees

Here's what you need to know if you're interested in opening a HomeTowne Studios franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Information Circle
$35,000
Initial Investment Information Circle
$215,700 - $1,043,500
Royalty Fee Information Circle
3%
Ad Royalty Fee Information Circle
3%
Term of Agreement Information Circle
20 years
Is franchise term renewable? Yes
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Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training 80 hours
Classroom Training 40 hours
Ongoing Support
Newsletter
Grand Opening
Online Support

Operations

Additional details about running this franchise.

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
# of employees required to run 10
Are exclusive territories available? Information Circle
No
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The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022