Palace Inn

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What to know about Palace Inn franchise? You will operate either a RED PALACE INN, offering economically-priced, limited service accommodations, or a BLUE PALACE INN, offering mid-priced accommodations with modern amenities. Palace Inn is based in Houston, TX. Scroll down to learn more!How much does a Palace Inn franchise cost?Are you wondering how much is a Palace Inn franchise? Before starting a Palace Inn franchise, it is important to know the franchise fee, working capital and other costs required to start the business.The minimum investment amount required to open a Palace Inn franchise is $3,011,200 and can go all the way up to $5,291,900. Keep in mind, you should also allocate additional funds to live off of while the Palace Inn business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Palace Inn franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Palace Inn business 2) pass break even 3) hit significant income.After (and if) you pass the point of earning significant income from your Palace Inn franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.