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Updated RecentlyWoodSpring Suites Franchise
Economy extended stay hotel
WoodSpring® is the fastest growing brand in the economy extended stay segment.
guest needs, we’ve stripped away the unnecessary extras and infused
form, function and beauty into what’s left. The result for owners is a
brand that’s tightly optimized to help enable profitability.
- Cost-effective prototype, designed to be built in less than 12 months
- Proven, lean operating model that enables maximum efficiency for owners
- Proprietary vendor relationships and hands-on support enable expedited openings
- Dedicated, extended stay national sales team
It's time to give yourself permission to build your days around what's important to you! You're in Control!
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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 Unit Costs
- Initial Investment:
$5,035,000-$7,031,000 - Initial Franchise Fee:
$50,000 - Royalty Fee:
5% - Advertising Fee:
2.5%
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When did WoodSpring Suites start Franchising? 2004
| 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
To calculate how much income a franchise owner can do at WoodSpring Suites Franchise, may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations.
Listing Tags
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 recommend that anyone seriously interested in pursuing a WoodSpring Suites franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.
WoodSpring Suites
8621 E. 21st St. N., #250
Wichita,
KS
67206