Candlewood Suites is a Franchise Grade Made The Grade™ franchise, which means it's ranked highly by our analysts.
Candlewood Suites offers a more casual kind of longer stay with spacious suites that include a fully equipped kitchen and access to various amenities.
Candlewood Suites has an initial franchise fee of up to $56,500, with a overall initial investment range of $7,807,040 to $10,716,900.
The initial cost of any franchise opportunity includes many fees. Explore this investment opportunity to better understand the initial costs required to buy an Candlewood Suites, such as franchise fees, leasehold improvement costs, grand opening marketing, and furniture and fixtures purchases. It should be noted that, franchisors are required to disclose all initial fees. These fees include those that are actually paid when signing the franchise agreement and commitments to fees you are required to pay.
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As with any new business, the franchise owner's salary and the profits from a Candlewood Suites business depends on a lot of different factors. One way to validate the potential revenues or profits earned from a Candlewood Suites franchise investment is to review the franchisor's Item 19 within their Franchise Disclosure Document. Typically, profits and owner's income are equitable to the size of the investment and number of locations you purchase. Demand for your products, your labor costs, commercial lease rates and several other variables also play a huge role in your profit margin and your personal salary
For additional information and franchise specific on the profits of an Candlewood Suites franchise opportunity, unlock this franchise
As of the 2017 Franchise Disclosure Document, there are 358 franchised Candlewood Suites locations across the United States.
Did you know there are over 3,000 franchise opportunities across the United States. More than 80% have less than 10 locations.
Based on 2017 FDD analysis, Candlewood Suites has franchised locations in 44 states. There may be no locations in several states as each franchise company plans their growth strategy differently. Specific states also require franchise companies to register their franchise opportunity and file their Franchise Disclosure Document (FDD) with state examiners prior to offering franchise opportunities to residents in that state. These registration states have examiners review a franchisor's FDD to ensure it satisfies state regulatory requirements. In addition to registration states, additional states have enacted supplemental franchise or business opportunity laws that require franchise companies to provide their franchise within the state. In most instances the filing is a notice within the state. Unlike franchise registration states, the franchise filing states do not examine a franchisor's FDD.
Based on the data collected this franchise opportunity is growing into new locations and might be available in your city.
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Last Reviewed: 2017
Yes, they have an initial training program of 260 hours. This includes 260 hours of classroom training, 0 hours of on-the-job training, and N/A hours of online training. In their FDD they outline who's in charge of the training. Unlock to find out more.
Candlewood Suites does NOT offer territory protections. For an explanation of territory rights, unlock this franchise for important details.
No, Candlewood Suites does NOT offer comprehensive support for franchisees.
They began franchising in 1995. The average Hotel franchise began franchising in 1991.
No, but you can click here to fill out our affordability calculator and understand your financing options.