Question 1

How much does it cost to open a HomeTowne Studios by Red Roof franchise?

Accepted Answer

The total initial investment for a HomeTowne Studios by Red Roof franchise ranges from $420K to $14.8M, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the HomeTowne Studios by Red Roof franchise fee?

Accepted Answer

The initial franchise fee for HomeTowne Studios by Red Roof is $30K.

Question 3

What are the net worth requirements for a HomeTowne Studios by Red Roof franchise?

Accepted Answer

Net worth requirements for HomeTowne Studios by Red Roof are specified in the Franchise Disclosure Document.

Question 4

Does HomeTowne Studios by Red Roof require a personal guarantee?

Accepted Answer

Yes, HomeTowne Studios by Red Roof requires a personal guarantee from franchisees. A spousal guarantee is also required.

Question 5

What equipment and inventory costs are involved with a HomeTowne Studios by Red Roof franchise?

Accepted Answer

Equipment costs for a HomeTowne Studios by Red Roof franchise range from $975K to $1.7M. Initial inventory costs range from $21K to $56K.