Riverstone Suites by Cobblestone Hotels offers extended-stay accommodations with modern amenities and efficient service. The franchise provides comfortable lodging options for both business and leisure travelers.
Key Insights
- Riverstone Suites by Cobblestone Hotels emerged when founders recognized significant opportunities to transform traditional service delivery methods within their market, developing innovative approaches that addressed specific customer pain points and established new standards for quality and reliability in the industry.
- Professional development keeps staff current with industry trends, best practices, and emerging technologies to ensure optimal service delivery and customer satisfaction while maintaining competitive advantages and adapting to changing market conditions and client expectations.
- Consumer education and awareness drive increasing demand for higher quality and more specialized service options, benefiting businesses that can demonstrate expertise, reliability, and value while building trust through consistent performance and professional service delivery.
Franchise Fee and Costs to Open
Exploring the financial picture of Riverstone Suites by Cobblestone Hotels gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $64,799 - $12,438,497, along with a franchise fee of $40,000 - $40,000.
Financial Performance and Revenue
Training and Resources
Forever Friends Pet Funeral Home and Crematory provides comprehensive training for new franchisees. This initial training, lasting two weeks, is held at their corporate headquarters. The franchisor offers extensive operational guidance and access to established resources. Forever Friends also provides a detailed operations manual, a key resource for business development.
Legal Considerations
Legal considerations for a Riverstone Suites by Cobblestone Hotels franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
A franchisee may encounter considerations regarding local market saturation and the necessity of building strong community relationships. Operational aspects, such as managing sensitive customer interactions and maintaining facility standards, present ongoing tasks. Dependence on specialized vendors for cremation services and memorial products represents another area requiring attention.
Franchise Datasheet
FAQs
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