Start-Up Costs and Fees |
||
| Apricot Lane | Room Evolutions | |
| Investment | 137150 - 361800 | 190000 - 320000 |
| Franchise Fee | 0 | |
| Royalty Fee | 5.50% | 4% |
| Advertising Fee | 1% | |
| Year Founded | 1991 | 1953 |
| Year Franchised | 2004 | 2008 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Apricot Lane | Room Evolutions | |
| Experience | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. | |
Financing Options |
||
| Apricot Lane | Room Evolutions | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Apricot Lane | Room Evolutions | |
| Training | Initial one week orientation and ongoing | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Marketing materials are created and available | |
| Operations | Number of employees needed to run franchised unit: 5 - 5 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Apricot Lane | Room Evolutions | |
| US Expansion | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming, | Illinois, Indiana, Maryland, Michigan, Minnesota, New York, Ohio, Pennsylvania, Virginia, Wisconsin |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Apricot Lane | |
| Room Evolutions | |
| Franchise Fee | |
| Apricot Lane | |
| Room Evolutions | |
| Royalty Fee | |
| Apricot Lane | 5.50% |
| Room Evolutions | 4% |
| Advertising Fee | |
| Apricot Lane | |
| Room Evolutions | 1% |
| Year Founded | |
| Apricot Lane | 1991 |
| Room Evolutions | 1953 |
| Year Franchised | |
| Apricot Lane | 2004 |
| Room Evolutions | 2008 |
| Term Of Agreement | |
| Apricot Lane | 10 years |
| Room Evolutions | 5 years +5+5+5 |
| Renewal Fee | |
| Apricot Lane | |
| Room Evolutions | $5,000 |
Business Experience Requirements |
|
| Experience | |
| Apricot Lane | |
| Room Evolutions | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. |
Financing Options |
|
| Franchise Fees | |
| Apricot Lane | No |
| Room Evolutions | No |
| Start-up Costs | |
| Apricot Lane | |
| Room Evolutions | |
| Equipment | |
| Apricot Lane} | |
| Room Evolutions | |
| Inventory | |
| Apricot Lane | |
| Room Evolutions | |
| Receivables | |
| Apricot Lane | |
| Room Evolutions | |
| Payroll | |
| Apricot Lane | |
| Room Evolutions | |
Training & Support |
|
| Training | |
| Apricot Lane | |
| Room Evolutions | Initial one week orientation and ongoing |
| Support | |
| Apricot Lane | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Room Evolutions | |
| Marketing | |
| Apricot Lane | |
| Room Evolutions | Marketing materials are created and available |
| Operations | |
| Apricot Lane | Number of employees needed to run franchised unit: 5 - 5 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
| Room Evolutions | |
Expansion Plans |
|
| US Expansion | |
| Apricot Lane | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming, |
| Room Evolutions | Illinois, Indiana, Maryland, Michigan, Minnesota, New York, Ohio, Pennsylvania, Virginia, Wisconsin |
| Canada Expansion | |
| Apricot Lane | |
| Room Evolutions | |
| International Expansion | |
| Apricot Lane | |
| Room Evolutions | |