Start-Up Costs and Fees |
||
| Microtel Inns & Suites | HomeTowne Studios | |
| Investment | 5709119 - 6799356 | 345500 - 1238500 |
| Franchise Fee | ||
| Royalty Fee | 6% | 3% |
| Advertising Fee | 2% | |
| Year Founded | 1987 | 2017 |
| Year Franchised | 1988 | 2017 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Microtel Inns & Suites | HomeTowne Studios | |
| Experience | General business experience | |
Financing Options |
||
| Microtel Inns & Suites | HomeTowne Studios | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Microtel Inns & Suites | HomeTowne Studios | |
| 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 |
||
| Microtel Inns & Suites | HomeTowne Studios | |
| 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 | |
| Microtel Inns & Suites | |
| HomeTowne Studios | |
| Franchise Fee | |
| Microtel Inns & Suites | |
| HomeTowne Studios | |
| Royalty Fee | |
| Microtel Inns & Suites | 6% |
| HomeTowne Studios | 3% |
| Advertising Fee | |
| Microtel Inns & Suites | 2% |
| HomeTowne Studios | |
| Year Founded | |
| Microtel Inns & Suites | 1987 |
| HomeTowne Studios | 2017 |
| Year Franchised | |
| Microtel Inns & Suites | 1988 |
| HomeTowne Studios | 2017 |
| Term Of Agreement | |
| Microtel Inns & Suites | 20 years |
| HomeTowne Studios | |
| Renewal Fee | |
| Microtel Inns & Suites | 50% of current franchise fee |
| HomeTowne Studios | |
Business Experience Requirements |
|
| Experience | |
| Microtel Inns & Suites | General business experience |
| HomeTowne Studios | |
Financing Options |
|
| Franchise Fees | |
| Microtel Inns & Suites | No |
| HomeTowne Studios | No |
| Start-up Costs | |
| Microtel Inns & Suites | |
| HomeTowne Studios | |
| Equipment | |
| Microtel Inns & Suites} | |
| HomeTowne Studios | |
| Inventory | |
| Microtel Inns & Suites | |
| HomeTowne Studios | |
| Receivables | |
| Microtel Inns & Suites | |
| HomeTowne Studios | |
| Payroll | |
| Microtel Inns & Suites | |
| HomeTowne Studios | |
Training & Support |
|
| Training | |
| Microtel Inns & Suites | |
| HomeTowne Studios | |
| Support | |
| Microtel Inns & Suites | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| HomeTowne Studios | |
| Marketing | |
| Microtel Inns & Suites | Co-op advertising, Ad slicks, National media, Regional advertising |
| HomeTowne Studios | |
| Operations | |
| 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. |
| HomeTowne Studios | |
Expansion Plans |
|
| US Expansion | |
| Microtel Inns & Suites | |
| 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 |
| Canada Expansion | |
| Microtel Inns & Suites | 0 |
| HomeTowne Studios | |
| International Expansion | |
| Microtel Inns & Suites | |
| HomeTowne Studios | Worldwide, |