4/10

Franchimp Summary Rating

4 /10
Investment Accessibility
Higher than 62% of peers

Franchise Summary

Description
The franchisee will establish and operate an Element select-service hotel.

Franchise Types Available

# Type Investment Fees

Distribution of Element by Westin Franchisees

Element by Westin Franchise System Development in 2022

FAQ

How much investment do I need to start my own Element by Westin business?
Franchisees typically require at least $14 to $34 investment to get their Element by Westin business started
What are the initial franchise fees for Element by Westin?
Franchisees typically need to pay at least $162 in fees directly to Element by Westin in order to earn the right to launch their business
How much money can I make with a Element by Westin franchise? What are the average revenues for a typical Element by Westin business?
We haven’t done the math on how much revenue a typical Element by Westin brings in each year. We estimate that other franchisees in the Lodging & Leisure industry generate $882,894 revenue, so we would expect Element by Westin to generate a similar amount
How long do I need to commit to running a Element by Westin unit? What is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are also generally 10 years

Accessibility

4 /10
The Franchisor's investment costs ranges from $14,447,310 to $34,262,210 which is Much Higher 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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