WaterWalk Hotels and Apartments FDD – Franchise Information, Costs and Fees
Type of Business
WaterWalk Franchise Services LLC (“WWFS”) will grant an approved franchisee a franchise license from WWFS to operate a WaterWalk Property, which offers customers unfurnished and furnished lodging options with hotel-like services.
Corporate Information
WaterWalk Franchise Services LLC is a Kansas limited liability company, which was formed on April 4, 2014 under the name WaterWalk Apartments Franchise Services LLC and changed its name to WaterWalk Franchise Services LLC on January 26, 2015. Their principal business address is 2121 N. Webb Road, Wichita, Kansas 67206.
Investment
The total investment necessary to begin operation of a newly constructed WaterWalk Property ranges from $17,715,000 to $24,415,000 and the total investment necessary to begin operation of a conversion WaterWalk Property ranges from $2,721,000 to $11,434,000. This includes the initial fees owed to WWFS varying between $125,000 and $702,500 a for newly constructed WaterWalk Property, and between $130,000 and $707,500 for a conversion WaterWalk Property that must be paid to WWFS or its affiliates when the Property has no more than the standard unit configuration of 126 units. If the Property will exceed the standard unit configuration the payment to WWFS and its affiliates and the total investment is increased by $375 per each additional unit.
