Oakwood is graded based on our most recent FDD research!
Oakwood has an initial franchise fee of up to $50,000, with a overall initial investment range of $23,000,000 to $27,500,000.
The initial cost of any franchised business includes multiple fees. Explore this franchise opportunity to better understand the initial costs required to own a Oakwood, such as territory fees, leasehold improvement costs, pre-opening marketing, and furniture and fixtures purchases. As a reminder, franchisors are required to provide you with details about all upfront fees. These fees include those that are actually paid when signing the franchise agreement and commitments to fees you are required to pay. Another important consideration to review is whether the initial fees are refundable to you or not. The franchise system must disclose what conditions any of the initial fees are refundable. A franchise must also provide details of a range of fees if its upfront fees are not uniform within the system. A careful review of the Item 5 upfront fees will give you the answers needed to make a buying decision a Oakwood.
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As with any new business, there should be a strong ROI and profit potential. The specific franchisee's income and the profits from a Oakwood business will depend on many factors. One way to check on the potential revenues or profits earned from a Oakwood franchise investment is to analzye the franchisor's Item 19 within their Franchise Disclosure Document. This is called an earnings claim. This is not required within a franchisor's disclosure and approximately 68% of all franchisors that we research and study will disclose financial performance data within Item 19 of their FDD. Some franchisors may provide limited information such as overall systemwide sales. This type of financial disclosure is not always helpful to determine profits for you directly. So review systemwide sales data with caution. As a general rule, typically earnings and owner's salary are equitable to the overall size of the upfront investment. The larger the initial investment, the higher profits you should expect to see
For additional information and franchise specific on the profits of a Oakwood franchised business, unlock this franchise opportunity
As of the 2020 Franchise Disclosure Document, there are 4 franchised Oakwood locations throughout the USA.
Did you know there are over 3,000 franchise opportunities across the United States. More than 80% have less than 10 locations.
Based on 2020 FDD information, Oakwood has franchised locations in 2 states.
Based on our research this franchise is expanding into new regions and might be available near you. While planning your franchise purchase, you always need to be considering what is a good location for my business. Anlayze the potential customer base to confirm that your city has a need or want for this brand.
One of our franchise advisors will have detailed knowledge about this brand. Unlock to learn more and connect with our researchers.
Last Reviewed: 2020
Yes, they have an initial training program of 176 hours. This includes 16 hours of classroom training, 160 hours of on-the-job training, and 0 hours of online training. In their FDD they outline who's in charge of the training. Unlock to find out more.
Oakwood offers territory protections. For an explanation of territorial rights, unlock this franchise opportunity for important details.
No, Oakwood does NOT offer comprehensive support for franchisees.
They began franchising in 2014. The average Extended Stay franchise began franchising in 2014.
No, but you can click here to fill out our affordability calculator and understand your financing options.