Established
1999
Franchise Units
17
Minimum Investment
$60,750
Franchise Fee
$45,000
Total Investment Range
$100,000
Home Based
No
Description
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.
Why Invest in this Franchise?
Investing in an AvenueWest franchise offers several advantages:
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Proven Business Model: AvenueWest's established system provides a clear path to success, reducing the risks associated with starting a new business.
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Comprehensive Support: Franchisees receive extensive training and ongoing operational support, ensuring they have the tools and knowledge to succeed.
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Brand Recognition: As part of a nationally recognized brand, franchisees benefit from increased visibility and credibility in the marketplace.
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Lucrative Market: The corporate housing industry continues to grow, driven by increased demand for temporary housing solutions from businesses and professionals.
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Scalable Business: AvenueWest's model allows for expansion and growth, providing opportunities to increase revenue and profitability over time.
Background
- Established Year: Founded in 1999
Franchising since: 2009. - Franchising since: 2009.
Founders: Kimberly and Eric Smith.
Current Leadership: Angela Healy (CEO & Co-Owner) and Tim Healy (President & Co-Owner).
Franchise Active Units: 17 locations across major U.S. and Canadian cities, with a presence in over 200 cities via their managed network.
Brand Journey: What started as a small brokerage in Denver, Colorado, has evolved into an international franchise powerhouse. The company pioneered the "Managed Corporate Housing" concept, moving the industry beyond large apartment complexes and into high-end, privately owned condos, lofts, and single-family homes.
Market Presence: Strongest in the USA (cities like Denver, Phoenix, Atlanta, Dallas, and San Francisco) and expanding into the Canadian market.
Support Training
AvenueWest offers comprehensive support and training to its franchisees:
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Pre-Launch Training: Franchisees receive hands-on training from industry experts, covering all aspects of the corporate housing business.
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Operational Support: Ongoing operational support ensures franchisees have the resources and guidance needed to run their business efficiently.
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Marketing Support: AvenueWest provides national marketing exposure and a market-specific website to help franchisees attract clients.
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Software Tools: Franchisees have access to corporate housing management software, streamlining the booking and management process.
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Continuing Education: AvenueWest offers continuing education to keep franchisees abreast of industry trends and best practices.
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Operational Manual: A step-by-step reference manual is provided, serving as a comprehensive guide for daily operations.
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Hands-on Training: Franchisees learn from those who understand the unique nature of corporate housing, gaining practical experience to ensure success.
Ideal Candidate
The ideal AvenueWest franchisee possesses the following qualities:
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Business Background: Experience in real estate, property management, or a related field is beneficial.
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Entrepreneurial Spirit: A strong desire to build and grow a business, with the ability to make strategic decisions.
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Passion for Service: A commitment to delivering exceptional customer service and maintaining high-quality accommodations.
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Investment Capability: The financial resources to invest in the franchise and support its operations.
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Location Preference: Interest in establishing a franchise in a metropolitan area with demand for corporate housing solutions.
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Community Engagement: A willingness to engage with the local community and build relationships with businesses and professionals in need of temporary housing.
Financial Detail
Starting this franchise involves a defined set of startup costs along with recurring fees that continue for the duration of your agreement. Below is a clear overview of the full financial commitment required.
Initial Costs
- Initial Franchise Fee: $45,000
- Initial Investment: $60,750 – $100,000
- Net Worth Requirement: $100,000
- Cash Requirement: $50,000
- Veteran Incentives: $5,000 discount on the franchise fee
Ongoing Fees
- Royalty Fee: 1%+
- Ad Royalty Fee: 0.5%
Franchise Agreement
- Term of Agreement: 10 years
- Renewal Option: Yes, the franchise term can be renewed