Start-Up Costs and Fees |
||
| HomeTowne Studios | Microtel Inns & Suites | |
| Investment | 345500 - 1238500 | 5709119 - 6799356 |
| Franchise Fee | ||
| Royalty Fee | 3% | 6% |
| Advertising Fee | 2% | |
| Year Founded | 2017 | 1987 |
| Year Franchised | 2017 | 1988 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| HomeTowne Studios | Microtel Inns & Suites | |
| Experience | General business experience | |
Financing Options |
||
| HomeTowne Studios | Microtel Inns & Suites | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| HomeTowne Studios | Microtel Inns & Suites | |
| Training | ||
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | |
| Operations | 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 - 20 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| HomeTowne Studios | Microtel Inns & Suites | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | 0 | |
| International Expansion | Worldwide, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| HomeTowne Studios | |
| Microtel Inns & Suites | |
| Franchise Fee | |
| HomeTowne Studios | |
| Microtel Inns & Suites | |
| Royalty Fee | |
| HomeTowne Studios | 3% |
| Microtel Inns & Suites | 6% |
| Advertising Fee | |
| HomeTowne Studios | |
| Microtel Inns & Suites | 2% |
| Year Founded | |
| HomeTowne Studios | 2017 |
| Microtel Inns & Suites | 1987 |
| Year Franchised | |
| HomeTowne Studios | 2017 |
| Microtel Inns & Suites | 1988 |
| Term Of Agreement | |
| HomeTowne Studios | |
| Microtel Inns & Suites | 20 years |
| Renewal Fee | |
| HomeTowne Studios | |
| Microtel Inns & Suites | 50% of current franchise fee |
Business Experience Requirements |
|
| Experience | |
| HomeTowne Studios | |
| Microtel Inns & Suites | General business experience |
Financing Options |
|
| Franchise Fees | |
| HomeTowne Studios | |
| Microtel Inns & Suites | |
| Start-up Costs | |
| HomeTowne Studios | |
| Microtel Inns & Suites | |
| Equipment | |
| HomeTowne Studios} | |
| Microtel Inns & Suites | |
| Inventory | |
| HomeTowne Studios | |
| Microtel Inns & Suites | |
| Receivables | |
| HomeTowne Studios | |
| Microtel Inns & Suites | |
| Payroll | |
| HomeTowne Studios | |
| Microtel Inns & Suites | |
Training & Support |
|
| Training | |
| HomeTowne Studios | |
| Microtel Inns & Suites | |
| Support | |
| HomeTowne Studios | |
| Microtel Inns & Suites | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| HomeTowne Studios | |
| Microtel Inns & Suites | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| HomeTowne Studios | |
| Microtel Inns & Suites | 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 - 20 Absentee ownership of franchise is allowed. |
Expansion Plans |
|
| US Expansion | |
| HomeTowne Studios | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Microtel Inns & Suites | |
| Canada Expansion | |
| HomeTowne Studios | |
| Microtel Inns & Suites | 0 |
| International Expansion | |
| HomeTowne Studios | Worldwide, |
| Microtel Inns & Suites | |