WoodSpring Suites Franchise
Economy extended stay hotel
ABC INC
ABC-CO - NASDAQ
+0.25 (+0.20%)
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How much does it cost to open a WoodSpring Suites Franchise ?
The investment required to open a WoodSpring Suites Franchise is between $5,035,000 - $7,031,000 . There is an initial franchise fee of $50,000 which grants you the license to run a business under the WoodSpring Suites name.
Individual Franchise Costs
- Initial Investment:
$5,035,000 - - Initial Franchise Fee:
$50,000 - Royalty Fee:
5% - Advertising Fee:
2.50%
| Expense | In-House | Third Party |
|---|---|---|
| Franchise Fee | N/A | Yes |
| Startup Costs | N/A | Yes |
| Equipment | N/A | Yes |
| Inventory | N/A | Yes |
| Accounts Receivable | N/A | Yes |
| Payroll | N/A | Yes |
Training
On-The-Job Training: Upon request
Classroom Training: Varies
Support
Purchasing Co-ops
Meetings/Conventions
Toll-Free Line
Grand Opening
Online Support
Security/Safety Procedures
Field Operations
WoodSpring Suites Growth History
When did the first WoodSpring Suites open? 2003When did WoodSpring Suites start Franchising ? 2004
How much money you could make as a WoodSpring Suites Franchise owner depends on a wide variety of factors. As a business owner, your primary goals are to strive for high sales while keeping your oper_ating costs as low as possible while still maintaining quality products and service. The monthly oper_ating costs that you will incur as a WoodSpring Suites Franchise owner may include royalty fees, rent or mortgage, staffing, products, supplies, utilities, administrative costs and other things. Although your monthly oper_ating costs may vary from month to month, your start up costs are typically fixed and they will cover the majority of your initial oper_ating equipment, signage, and renovations.
Legal Disclaimer: This information is not a franchise offering for WoodSpring Suites and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recomend that anyone seriously interested in pursuing an WoodSpring Suites franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.