LivAway Suites offers upper-economy extended-stay hotel accommodations with comfortable amenities. The franchise caters to travelers seeking affordable and convenient long-term stays.
Key Insights
- LivAway Suites emerged when founders recognized significant opportunities to transform traditional service delivery methods within their market, developing innovative approaches that addressed specific customer pain points and established new standards for quality and reliability in the industry.
- Service customization addresses specific client requirements through flexible approaches and specialized expertise that adapt to unique project demands while maintaining consistent quality standards and professional service delivery that builds trust and long-term business relationships.
- Industry trends favor businesses that can adapt quickly to changing regulations, customer preferences, and market conditions while maintaining quality standards, creating competitive advantages for organizations that invest in training, technology, and customer-focused service approaches.
Franchise Fee and Costs to Open
Exploring the financial picture of LivAway Suites gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $11,226,600 - $13,659,150, along with a franchise fee of $35,000 - $35,000.
Financial Performance and Revenue
Training and Resources
Leafs of Three provides comprehensive initial training for new franchisees. This program, spanning two weeks, takes place at our corporate headquarters. The curriculum covers essential operational knowledge and customer service protocols. Leafs of Three offers ongoing support through a dedicated franchise support team and access to a resource library. We also offer best practice guides and marketing materials.
Legal Considerations
Legal considerations for a LivAway Suites franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
A franchisee might consider the saturation of the local market for similar services. The operational demands of a multi-faceted business like Leafs of Three require consistent oversight. Reliance on specific suppliers for premium materials introduces a consideration regarding their availability and cost fluctuations. Navigating these elements will be a key part of the franchisee's venture.
Franchise Datasheet
FAQs
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