Studio 6
#479 Franchise 500| Extended-stay lodging
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About
Founded

1998

Franchising Since

1999 (20 Years)

Corporate Address

4001 International Pkwy.
Carrollton, TX 75007

CEO

Ron Palleschi

Parent Company

G6 Hospitality LLC

Financial Requirements
Initial Investment

$3,695,700 - $4,955,600

Ongoing Fees
Initial Franchise Fee

$25,000 - $35,000

Ongoing Royalty Fee

5%

Ad Royalty Fee

2%

Financing Options
Veteran Incentives

$1,500 general-manager training fee waived

Support Options
Ongoing Support

Purchasing Co-ops

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Security/Safety Procedures

Field Operations

Site Selection

Proprietary Software

Franchisee Intranet Platform

Marketing Support

Co-op Advertising

Ad Templates

National Media

Regional Advertising

Social media

SEO

Website development

Email marketing

On-The-Job Training:

Varies

Classroom Training:

Varies

Additional Training:

Annual convention

Absentee Ownership Allowed
Studio 6 is ranked #479 in the Franchise 500!
Bio
The first Studio 6 opened in El Paso, Texas, in 1998 with the transformation of an existing Motel 6 into an extended-stay concept. Franchising since 1999, Studio 6 offers furnished rooms with work areas and kitchenettes. Today, the Studio 6 portfolio comprises more than 100 properties, located in key markets such as Atlanta, Dallas, Houston and Seattle.
Cost
Initial Investment: Low - $3,695,700 High - $4,955,600
Units
+13.2%+15 UNITS (1 Year) +48.3%+42 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states: Asia, Canada, Central America, Mexico, South America
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

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Check out the top franchises that can be started for less than $100,000, ranked based on scores they received in Entrepreneur's 2019 Franchise 500 ranking.

Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: September 27th, 2018