1999
10
$150,000
$49,500
$300,000
No
AvenueWest Global Franchise offers a compelling opportunity for entrepreneurs seeking to enter the lucrative corporate housing industry. With over two decades of experience, AvenueWest has established itself as a trusted provider of fully furnished, professionally managed properties catering to business travelers, relocating professionals, and individuals in need of temporary housing solutions.
As a franchisee, you gain access to AvenueWest's proven business model, comprehensive training, and ongoing support, enabling you to build a successful business in the growing corporate housing market. The franchise provides a turnkey solution, allowing you to leverage AvenueWest's brand recognition, operational expertise, and industry relationships to attract clients and generate revenue.
By joining AvenueWest, you become part of a network of franchisees dedicated to delivering exceptional service and high-quality accommodations. Whether you're an experienced real estate professional or new to the industry, AvenueWest offers the resources and guidance to help you thrive in the corporate housing sector.
Investing in an AvenueWest franchise offers several advantages:
Proven Business Model: AvenueWest's established system provides a clear path to success, reducing the risks associated with starting a new business.
Comprehensive Support: Franchisees receive extensive training and ongoing operational support, ensuring they have the tools and knowledge to succeed.
Brand Recognition: As part of a nationally recognized brand, franchisees benefit from increased visibility and credibility in the marketplace.
Lucrative Market: The corporate housing industry continues to grow, driven by increased demand for temporary housing solutions from businesses and professionals.
Scalable Business: AvenueWest's model allows for expansion and growth, providing opportunities to increase revenue and profitability over time.
Founded: AvenueWest was established in 1999 as a small real estate management company, initially focusing on providing fully furnished housing solutions for relocating professionals and corporate clients.
Franchise Formation: To expand its successful corporate housing model nationwide, AvenueWest Global Franchise, LLC was created in 2010, offering franchise opportunities for entrepreneurs across the United States.
Franchise Units: Currently, AvenueWest operates 10 franchise locations in key U.S. markets, including Atlanta, Dallas, Denver, Colorado Springs, Fort Collins, Las Vegas, Phoenix, San Francisco, and St. Louis.
Founders & Leadership:
Founders: Kimberly and Eric Smith
CEO & Leadership: Angela Healy joined in 2001 and became CEO in 2017. Under her leadership, the company manages over $150 million in residential assets and generates approximately $20 million annually in residential leasing.
Ownership: AvenueWest Global is a woman-owned business, reflecting strong leadership and strategic vision.
Brand Journey & Company History:
Started as a local real estate management company.
Expanded into corporate housing through franchising in 2010.
Built a reputation for high-quality, fully furnished rentals and professional service.
Developed standardized operational systems, marketing support, and franchisee training programs.
Market Presence in the USA: AvenueWest has strategically located franchises in metropolitan areas with strong demand for corporate housing. The brand is recognized for delivering professional, reliable, and fully managed temporary housing solutions for businesses and relocating professionals.
Industry Category: AvenueWest operates in the corporate housing industry, specializing in short-term and extended stay rentals that are fully furnished, managed professionally, and tailored to corporate clients’ needs.
Additional Notes:
AvenueWest emphasizes franchisee support and training to ensure consistent service across locations.
Focuses on delivering a high-touch service model to maintain a competitive edge in the corporate housing market.
AvenueWest offers comprehensive support and training to its franchisees:
Pre-Launch Training: Franchisees receive hands-on training from industry experts, covering all aspects of the corporate housing business.
Operational Support: Ongoing operational support ensures franchisees have the resources and guidance needed to run their business efficiently.
Marketing Support: AvenueWest provides national marketing exposure and a market-specific website to help franchisees attract clients.
Software Tools: Franchisees have access to corporate housing management software, streamlining the booking and management process.
Continuing Education: AvenueWest offers continuing education to keep franchisees abreast of industry trends and best practices.
Operational Manual: A step-by-step reference manual is provided, serving as a comprehensive guide for daily operations.
Hands-on Training: Franchisees learn from those who understand the unique nature of corporate housing, gaining practical experience to ensure success.
The ideal AvenueWest franchisee possesses the following qualities:
Business Background: Experience in real estate, property management, or a related field is beneficial.
Entrepreneurial Spirit: A strong desire to build and grow a business, with the ability to make strategic decisions.
Passion for Service: A commitment to delivering exceptional customer service and maintaining high-quality accommodations.
Investment Capability: The financial resources to invest in the franchise and support its operations.
Location Preference: Interest in establishing a franchise in a metropolitan area with demand for corporate housing solutions.
Community Engagement: A willingness to engage with the local community and build relationships with businesses and professionals in need of temporary housing.
| Financial Item | Details / Estimated Range (USD) |
|---|---|
| Initial Franchise Fee | $49,500 – $59,500 |
| Total Initial Investment | $150,000 – $300,000 (includes franchise fee, office setup, software, marketing, and working capital) |
| Infrastructure / Office Setup | $30,000 – $60,000 (office space, equipment, furnishings) |
| Marketing Budget | $5,000 – $15,000 (initial local marketing and promotions) |
| Working Capital | $20,000 – $50,000 (to cover initial operating expenses) |
| Royalty Fees | 6% – 8% of gross revenue (ongoing monthly fee for brand and support) |
| Advertising / Marketing Royalty | 2% – 3% of gross revenue (national and local marketing support) |
| Expected ROI | 20% – 35% annually (depending on market and performance) |
| Break-Even Time | 18 – 36 months |
| Potential Revenue Streams | Corporate housing management fees, property leasing, relocation services, and additional client services |
