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Studio 6

Franchise

Studio 6 extended stay hotels is a leader in economy extended stay lodging and short term housing. With growing locations nationwide and in Canada, Studio 6 hotels offer accommodations in major commercial destinations that are perfect for travelers in need of temporary housing. Studio 6 features comfortable sleeping areas, fully furnished kitchens, and the amenities guests need to make their time comfortable during their transitional housing stay. At Studio 6 extended stay hotels they will do everything they can to provide for an enjoyable and comfortable temporary housing stay, they want guests to feel at home and a part of the family.

Facts & Figures

Liquid capital required
$100,000
Net worth required
$1,500,000
Investment
$2,700,000 - $3,200,000
Franchise fee
$25,000
Units in operation
41

Overview

To open a location, you should have $100,000 available as liquid capital. The franchise expects its new franchisees to have a net worth of at least $1,500,000. The low end of the total investment required to open a new franchise is $2,700,000. The most the franchisor could ask you to invest is $3,200,000 if you want to become a franchisee. Before you become an owner, you will owe the franchisor a franchise fee of $25,000. Today, the location count for this franchise has reached 41.

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