Studio 6 is a Franchise Grade Made The Grade™ franchise opportunity, which means it's ranked strongly by our research team.
Studio 6 offers temporary housing and long-term stay options in fully equipped studios that include furnished kitchens, sleeping and living quarters. Studio 6 locations are typically located near major business complexes and urban centers.
Studio 6 has a franchise fee of up to $30,000, with a overall initial investment range of $7,075,350 to $8,604,275.
The upfront investment of any franchised business includes several fees. Check out this investment opportunity to better understand the specific costs required to buy a Studio 6, such as territory fees, real estate costs, pre-opening marketing, and furniture and fixtures purchases. As a reminder, franchise companies must to provide you with details about all initial fees. These are not only fees that are actually paid, but also commitments to fees you are required to pay. Another important item to review is whether the upfront fees are refundable to you or not. The franchise system must disclose what conditions any of the upfront fees are refundable. A franchise must also provide details of a range of fees if their initial fees are not the same within the franchise. A thorough review of the Item 5 initial fees will give you the answers needed to make an informed investment decision this franchise.
Can you Afford an Studio 6 Franchise. Complete our Affordability Calculator to find out!
As with any new business, the franchise owner's salary and the earnings from a Studio 6 business depends on a variety of factors. One way to check on the potential revenues or profits earned from a Studio 6 franchise investment is to analzye the franchisor's Item 19 within their FDD. Typically, profits and owner's salary are equitable to the size of the investment and number of locations you buy. Demand for your products, your labor costs, commercial lease rates and several other variables also play a huge role in your bottom line and your personal salary
For more details and system-specific data on the earnings of a Studio 6 franchised business, unlock this franchise opportunity
As of the 2020 Franchise Disclosure Document, there are 116 franchised Studio 6 locations across the United States.
Did you know there are over 3,000 franchise opportunities across the United States. More than 80% have less than 10 locations.
Based on 2020 FDD data, Studio 6 has franchised locations in 21 states.
Based on our research this franchise opportunity is growing into new cities and could be available in your city. While planning your franchise purchase, you always need to be considering what is a good location for my franchise. Review the potential customer base to assess that the area you are looking at has a need or a market for this business.
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Last Reviewed: 2020
Yes, they have an initial training program of 30 hours. This includes 30 hours of classroom training, 0 hours of on-the-job training, and 0 hours of online training. In their FDD they outline who's in charge of the training. Unlock to find out more.
Studio 6 offers territory protections. For an explanation of territorial rights, unlock this franchise opportunity for important details.
Yes, Studio 6 offers comprehensive support for franchisees. Unlock this franchise to find out more.
They began franchising in 1996. The average Hotel franchise began franchising in 1991.
No, but you can click here to fill out our affordability calculator and understand your financing options.