StudioRes is a mid-scale, extended stay hotel brand catering to guests seeking long-term accommodations. The franchise focuses on affordable, practical lodging solutions with essential amenities.
Key Insights
- StudioRes 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.
- Service delivery combines convenience and accessibility with nutritional transparency and ingredient education, helping customers make informed dining choices while providing quick, satisfying meals that meet diverse lifestyle needs and dietary preferences in welcoming environments.
- Market education efforts help consumers understand the value of professional versus amateur service providers, creating opportunities for qualified businesses to demonstrate expertise and build customer relationships through superior service quality and reliable performance.
Franchise Fee and Costs to Open
Exploring the financial picture of StudioRes 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 $14,409,100 - $18,544,600, along with a franchise fee of $50,000 - $50,000.
Financial Performance and Revenue
Training and Resources
Cilantro Taco Grill provides comprehensive training for new franchisees. The initial training program, lasting two weeks, is held at the franchisor's corporate location. This program covers operational procedures and brand standards. Cilantro Taco Grill offers ongoing support and resources, including marketing materials and operational manuals, to assist franchisees in building their business.
Legal Considerations
Legal considerations for a StudioRes franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Operating a Cilantro Taco Grill franchise involves navigating a dynamic local market, where existing restaurants and emerging food trends present ongoing competition for customer attention. The franchise's operational model, while standardized, demands consistent adherence to quality and service protocols, requiring effective staff management and training. Furthermore, reliance on established supply chains for fresh ingredients introduces considerations around supplier reliability and ingredient availability, impacting day-to-day operations.
Franchise Datasheet
FAQs
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