Overall costs for Wyndham Hotels and Resorts run anywhere from $6,626,855 to $8,668,550. See how the costs break down and what funding options might be right for your new venture into the franchise foray.
Estimated initial costs
Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your Wyndham Hotels and Resorts franchise may result in higher or lower fees.
Equipment fees
Equipment fees total $4,834,803 for Wyndham Hotels and Resorts. This costs more than the $180,023 average for the top 200 franchises.
| Furniture, fixtures and equipment |
$4,638,781 to $4,835,825 |
| Signage |
$45,000 to $150,000 |
| Estimated total |
$4,683,781 to $4,985,825 |
Training fees
Wyndham Hotels and Resorts initial training costs total $4,193, which comes in under the nationwide average of $9,788.
| Training expense |
$1,294 to $7,092 |
| Estimated total |
$1,294 to $7,092 |
Inventory costs
Initial inventory for Wyndham Hotels and Resorts shakes out to $874,770. This is more expensive than the nationwide average of $53,119.
| Opening inventory and supplies |
$813,579 to $935,961 |
| Estimated total |
$813,579 to $935,961 |
Marketing costs
Advertisement and marketing costs total up to $31,000 for Wyndham Hotels and Resorts, which is more than the nationwide average of $9,938.
| Market study |
$12,000 to $50,000 |
| Estimated total |
$12,000 to $50,000 |
Licenses and permits costs
Wyndham Hotels and Resorts initial licenses and permits will set you back $201,000. This comes out to more than $18,770 — the overall nationwide average.
| Liquor license |
$2,000 to $400,000 |
| Estimated total |
$2,000 to $400,000 |
Insurance costs
Initial insurance costs for Wyndham Hotels and Resorts run $45,000. This means you'll be paying more than the overall nationwide average of $6,311.
| Insurance |
$35,000 to $55,000 |
| Estimated total |
$35,000 to $55,000 |
Personnel costs
Uniforms, name tags and the like make up personnel costs, and for Wyndham Hotels and Resorts it will run you $752,199. The nationwide average cost of personnel fees comes in at $22,818, which means you'll be paying more than average to outfit your employees.
| Pre-opening wages |
$501,466 to $1,002,932 |
| Estimated total |
$501,466 to $1,002,932 |
Other expenses
Miscellaneous expenses for Wyndham Hotels and Resorts total $904,738 — more than the nationwide average of $69,970.
| Three months' additional funds |
$577,735 to $1,231,740 |
| Estimated total |
$577,735 to $1,231,740 |
All costs were found using the 200 largest franchises nationwide using Franchise Direct's list of more than 300 franchises, and are accurate as of 2021.
How to finance
Since the estimated total for Wyndham Hotels and Resorts is on the more costly side, we recommend following these steps to get fully financed:
- Go to the Wyndham Hotels and Resorts franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to Wyndham Hotels and Resorts about in-house financing for franchisees.
- If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $7,647,703 estimated opening costs.
- Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
- Once you settle on a lender, gather all required documents, including account statements and assets.
- Apply for financing online or in person as required by the lender.
What types of financing is available?
You have several options when it comes to financing a Wyndham Hotels and Resorts — even if the cost is on the heavier side. What assets you have available will largely determine how much you need to borrow, and which option suits you best.
- Online loan. A number of online business lenders offer amounts up to $1 million, with some extending up to $5 million.
- Bank loan. Your personal credit will typically need to at least be good — 670 or higher — when it comes to getting a bank loan large enough to cover a significant portion of Wyndham Hotels and Resorts opening costs.
- SBA loan. While your personal credit score doesn't need to be as good to qualify for an SBA loan, they usually cost more than standard term loans from banks or online lenders.
Also check if Wyndham Hotels and Resorts franchise financing is available. You may be able to get some of the costs covered for less than you would with other traditional funding options.
Compare small business lenders
You may not need financing to cover the estimated $6,626,855. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
How Wyndham Hotels and Resorts stacks up
Compare how Wyndham Hotels and Resorts holds up against two similarly sized franchises.
| Average Franchise fees |
NA |
NA |
$49,500 |
| Average Equipment fees |
$6,750 |
$4,834,803 |
$82,400 |
| Average Real estate fees |
NA |
NA |
$1,750 |
| Average Training fees |
NA |
$4,193 |
NA |
| Average Inventory fees |
NA |
$874,770 |
$19,000 |
| Average Marketing fees |
NA |
$31,000 |
$12,500 |
| Average Licenses and permits fees |
NA |
$201,000 |
NA |
| Average Insurance fees |
NA |
$45,000 |
$1,500 |
| Average Admin fees |
$4,000 |
NA |
$1,250 |
| Average Personnel fees |
NA |
$752,199 |
NA |
| Average Other fees |
NA |
$904,738 |
$62,500 |
Bottom line
Wyndham Hotels and Resorts franchise costs run a total of $7,647,703. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing
read our guide to franchise financing.
