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  • 14 email address
  • 14 phone numbers
  • 8 unit locations

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Business Description

AvenueWest Global Franchise, LLC is a Colorado limited liability company that was formed on May 25, 2017 under the name AWGF, LLC. On June 2, 2017, we changed our name to AvenueWest Global Franchise, LLC. We operate under our corporate name, AvenueWest Global Franchise, LLC, the name AvenueWest Corporate Housing, and no other name. Our principal business address is 999 18th Street, Suite 1830, Denver, Colorado 80202. We began offering AvenueWest franchises in May 2017. We have not and do not operate any businesses like those described in this Franchise Disclosure Document, or in any other line of business. We have one affiliate who operates an AvenueWest Businesses in California and in Colorado under franchise agreements with us. We had a second affiliate who operated an AvenueWest Business in Georgia under a franchise agreement with us until February 2019 when it was sold to franchisee. We have not offered and do not offer franchises in any other line of business.

Prior Experience

Our predecessor, AW Global, LLC (also formerly known as “Avenue West Global Franchise, LLC”) (“Global”), was formed on May 29, 2009. Global's principal business address is 7901 Southpark Plaza #216, Littleton, CO 80120. Global offered franchises for AvenueWest Businesses from June 2009 to May 2017. On May 31, 2017, we purchased the assets of Global, including franchise agreements. Global's affiliate, Avenue West Corporate Housing, Inc. (“AWCHI”), operated businesses similar to the type being offered under this Franchise Disclosure Document beginning in 1999. AWCHI converted its corporate housing businesses to AvenueWest franchises between 2009 and 2012. AWCHI owns the trademarks for the AvenueWest franchise system and licenses them to us. AWCHI's principal business address is 999 18th Street, 1830, Denver, CO 80202. We have no parent company, and we have no affiliates that offer franchises in any line of business or provide products or services to our franchisees. Our agent for service of process in Colorado is Angela J. Healy, 999 18th Street, Suite 1830, Denver, Colorado 80202. Our agents for service of process for other states are identified by state in Exhibit D. If a state is not listed, we have not appointed an agent for service of process in that state in connection with the requirements of franchise laws. There may be states in addition to those listed above in which we have appointed an agent for service of process. There may also be additional agents appointed in some of the states listed.

Business Offered

We offer franchises (“AvenueWest Franchise(s)” or “Franchise(s)” for the operation of a business that provides complete temporary housing solutions within a stable residential setting, specifically offering short term, furnished accommodations for corporate housing services and flexible corporate housing. Corporate housing typically offers larger square footage, costs less than hotels, offers full customer service and is used for stays averaging one month or more. Managed corporate housing takes the guest one step further than traditional corporate housing because it provides the guest with a privately owned condo, townhome, loft or house. These privately owned properties typically are furnished by the owner purchasing furniture versus having rental furniture. We offer AvenueWest Franchises for the use of our “AvenueWest” and “AvenueWest Managed Corporate Housing” trademarks, trade names, service marks, and logos (“Marks”). AvenueWest Franchises are operated under our proprietary AvenueWest We reserve the right to change or otherwise modify the System and add, modify, or delete any of our services at any time throughout your ownership of the Franchise. We anticipate most franchisees will already have an established business entity and real estate brokerage (“Real Estate Brokerage”) or are in the process of establishing a Real Estate Brokerage business office from which to operate the AvenueWest Business at the time we approve your AvenueWest Franchise. Otherwise, you will need to rent an executive suite, office, or other commercial office space. You must operate your AvenueWest Business in accordance with our standard business operating practices and sign our standard franchise agreement (“Franchise Agreement”), which is attached to this Franchise Disclosure Document as Exhibit B.

Initial Fees

You must pay us an initial franchise fee (“Initial Franchise Fee”) of $45,000 when you sign the Franchise Agreement. You will pay a reduced Initial Franchise Fee of $25,000 for your second and any additional AvenueWest Businesses. The Initial Franchise Fee is payment for all of our pre-opening assistance that we provide to allow you to open your AvenueWest Business and also offsets some of our franchisee recruitment expenses. The Initial Franchise Fee is uniform, due in full at the time you sign the Franchise Agreement(s), and is deemed fully earned by us once paid and is non-refundable. During our last fiscal year, which ended December 31, 2018, we collected Initial Franchise Fees ranging from $40,000 to $45,000.

Financing

We do not offer direct or indirect financing to you. We do not guarantee your note, lease or other obligation.

Franchisee Revenue and Profit

The FTC's Franchise Rule permits a franchisor to disclose information about the actual or potential financial performance of its franchised and/or franchisor-owned outlets, if there is a reasonable basis for the information, and the information is included in the disclosure document. Financial performance information that differs from that included in Item 19 may be given only if: (1) a franchisor provides the actual records of an existing outlet you are considering buying; or (2) a franchisor supplements the information provided in this Item 19, for example, by providing information about performance at a particular location or under particular circumstances. We do not make any representations about a franchisee's future financial performance or the past financial performance of company-owned or franchised outlets. We also do not authorize our employees or representatives to make any such representations either orally or in writing. If you are purchasing an existing outlet, however, we may provide you with the actual records of that outlet. If you receive any other financial performance information or projections of your future income, you should report it to the franchisor's management by contacting AvenueWest Global Franchise, LLC, 999 18th Street, Suite 1830, Denver, Colorado 80202 and (303) 825-7625, the Federal Trade Commission, and the appropriate state regulatory agencies.