9/10

Franchimp Summary Rating

10 /10
Lower than 0% of peers

Franchise Summary

Description
AvenueWest businesses provide complete temporary housing solutions within a stable residential setting. They offer short-term, furnished accommodations forcorporate housing within a specified geographic area and using its established real estate property management system ("AvenueWest Business (es) ").
Company Background
AvenueWest Global is the largest provider of temporary housing for corporate professionals, with over 40 years of experience. With a team of over 6,000 employees across America and Canada, they have provided short-term furnished accommodations to thousands of clients. They offer their services in nearly every major metropolitan area in North America including New York City, Los Angeles, Miami/Ft. Lauderdale, Chicago/Oak Brook IL., Washington DC Metro Area (MD), Silicon Valley CA., Dallas/Fort Worth TX., Toronto ONTARIO CANADA and more!
Franchise Opportunity
AvenueWest Businesses provide short-term, furnished accommodations within a stable residential setting. They offer affordable, temporary housing for corporate housing within a specified geographic area and using their established real estate property management system ("AvenueWest Business(es)"). This is the perfect solution for both businesses in need of temporary housing solutions and individuals looking to make some extra money by renting out their home while they are away on vacation or business travel. In addition to providing high quality, affordable living accommodations at an attractive price point, AvenueWest also offers 24/7 customer service that guarantees fast response times regardless of your location. With our network of local offices throughout the United States we can quickly connect you with one of our trusted partners who will ensure that your stay is comfortable and worry free. We have been in business since 2004 so we know what it takes to provide superior services while maintaining low overhead costs which translates into great prices! Our
Corporate Structure
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, they changed their name to AvenueWest Global Franchise, LLC. Their principal business address is 999 18th Street, Suite 1830, Denver, Colorado 80202. They began offering AvenueWest franchises in May 2017.
Royalties and Marketing Fees

Royalties : 1% of Gross Revenue

Royalties : 0.5% of Gross Revenue

Royalties : The difference between the amount you spent on local advertising each month and your required local advertising expenditure ($1,000 per month)

Earnings Transparency

7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Financial Performance of "Standard" Units

Average Revenue Per Unit

Compared vs. Lodging Industry

$892,190 / unit

Franchise Type: Standard

Average Revenue During 2021

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of AvenueWest Franchisees

AvenueWest Franchise System Development in 2021

FAQ

How much investment do I need to start my own AvenueWest business?
Franchisees typically require at least $60 to $100 investment to get their AvenueWest business started
What are the initial franchise fees for AvenueWest?
Franchisees typically need to pay at least $45 in fees directly to AvenueWest in order to earn the right to launch their business
How much money can I make with a AvenueWest franchise? What are the average revenues for a typical AvenueWest business?
We estimate that the average revenue of an individual AvenueWest unit is approximately $892,190. We based this on Item 19 in franchise disclosure document
How long do I need to commit to running a AvenueWest unit? What is my contractual commitment?
AvenueWest franchisees are typically required to sign up to a 10 year contract initially. The renewal length is 10 years. You can of course exit early but don’t expect to get any refund!

Accessibility

10 /10
The Franchisor's investment costs ranges from $60,750 to $100,000 which is Much Lower than the $0 to $0 average in the Lodging industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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