HomeTowne Studios

Extended-stay hotels
FREE Franchise Guide!
Franchise 500 Rank
N/R Not ranked last year
See the Full List
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
Take Our Free Franchise Quiz!

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
Take our quick quiz to find your ideal franchise

Sign Up for Our Franchise Newsletter

Stay up to date on the latest news and trends affecting the franchise industry.

Related Franchises

Are you eager to see what else is out there? Browse franchises that are similar to HomeTowne Studios.

WoodSpring Suites

description
Limited-service extended-stay lodging

DoubleTree by Hilton

description
Upscale hotels and resorts

Related Franchise Content

Catch up on the latest franchise news, trends, and more.

Franchise

Discover the Low-Risk, High Reward of Owning this Property Restoration Franchise

PuroClean offers multiple revenue streams with services related to water, fire, smoke, mold and biohazard damage.

Franchise

McDonald's Announces the Return of the Snack Wrap in 2025 — Here's What to Expect From Its Comeback

The decision comes after years of persistent customer demand for the portable snack, which debuted nearly two decades ago.

Franchise

Ready to Own a Business? Check Out These 15 Franchises You Can Start For Under $25K

Looking for an inexpensive franchise to open? Explore the best franchises under $25k, according to the 2024 Franchise 500 Ranking.

Franchise

Why Opening a Second Location Requires a Fresh Strategy (Even If Your First Was a Hit)

Here are some key points to consider before adding another location to your burgeoning multi-unit brand.

Franchise

Jeff's Bagel Run Offers a Dynamic, Rapidly Expanding Franchise Concept!

Jeff's Bagel Run franchisees provide their customers with a unique and high-quality product offering that includes bagels made from scratch and custom coffee programs.

Franchise

Subway's CEO Steps Down Amid a Major Transition for the Sandwich Giant

John Chidsey will step down at the end of 2024, marking the close of a transformative five-year tenure.

See more franchise content
Disclaimer
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