Start-Up Costs and Fees |
||
| HomeTowne Studios | Motel 6 | |
| Investment | 345500 - 1238500 | 206850 - 8823850 |
| Franchise Fee | 0 | |
| Royalty Fee | 3% | 5% |
| Advertising Fee | 3.50% | |
| Year Founded | 2017 | 1962 |
| Year Franchised | 2017 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| HomeTowne Studios | Motel 6 | |
| Experience | General business experience | |
Financing Options |
||
| HomeTowne Studios | Motel 6 | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| HomeTowne Studios | Motel 6 | |
| Training | On-The-Job Training: 25-30 hours Classroom Training: 40 hours Additional Training: Annual convention | |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | |
| Marketing | Co-op Advertising Ad Templates National Media Social media SEO Website development Email marketing Loyalty program/app | |
| Operations | 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 - 20 Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) | |
Expansion Plans |
||
| HomeTowne Studios | Motel 6 | |
| 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 | ||
| International Expansion | Worldwide, | Canada, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| HomeTowne Studios | |
| Motel 6 | |
| Franchise Fee | |
| HomeTowne Studios | |
| Motel 6 | |
| Royalty Fee | |
| HomeTowne Studios | 3% |
| Motel 6 | 5% |
| Advertising Fee | |
| HomeTowne Studios | |
| Motel 6 | 3.50% |
| Year Founded | |
| HomeTowne Studios | 2017 |
| Motel 6 | 1962 |
| Year Franchised | |
| HomeTowne Studios | 2017 |
| Motel 6 | 1996 |
| Term Of Agreement | |
| HomeTowne Studios | |
| Motel 6 | 10-15 years |
| Renewal Fee | |
| HomeTowne Studios | |
| Motel 6 | 50% of current franchisee fee |
Business Experience Requirements |
|
| Experience | |
| HomeTowne Studios | |
| Motel 6 | General business experience |
Financing Options |
|
| Franchise Fees | |
| HomeTowne Studios | |
| Motel 6 | |
| Start-up Costs | |
| HomeTowne Studios | |
| Motel 6 | |
| Equipment | |
| HomeTowne Studios} | |
| Motel 6 | |
| Inventory | |
| HomeTowne Studios | |
| Motel 6 | |
| Receivables | |
| HomeTowne Studios | |
| Motel 6 | |
| Payroll | |
| HomeTowne Studios | |
| Motel 6 | |
Training & Support |
|
| Training | |
| HomeTowne Studios | |
| Motel 6 | On-The-Job Training: 25-30 hours Classroom Training: 40 hours Additional Training: Annual convention |
| Support | |
| HomeTowne Studios | |
| Motel 6 | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| HomeTowne Studios | |
| Motel 6 | Co-op Advertising Ad Templates National Media Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| HomeTowne Studios | |
| Motel 6 | 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 - 20 Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) |
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 |
| Motel 6 | |
| Canada Expansion | |
| HomeTowne Studios | |
| Motel 6 | |
| International Expansion | |
| HomeTowne Studios | Worldwide, |
| Motel 6 | Canada, |