Start-Up Costs and Fees |
||
| Room Evolutions | Apricot Lane | |
| Investment | 190000 - 320000 | 137150 - 361800 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | 5.50% |
| Advertising Fee | 1% | |
| Year Founded | 1953 | 1991 |
| Year Franchised | 2008 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Room Evolutions | Apricot Lane | |
| Experience | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. | |
Financing Options |
||
| Room Evolutions | Apricot Lane | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Room Evolutions | Apricot Lane | |
| 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 |
||
| Room Evolutions | Apricot Lane | |
| US Expansion | Illinois, Indiana, Maryland, Michigan, Minnesota, New York, Ohio, Pennsylvania, Virginia, Wisconsin | 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, |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Room Evolutions | |
| Apricot Lane | |
| Franchise Fee | |
| Room Evolutions | |
| Apricot Lane | |
| Royalty Fee | |
| Room Evolutions | 4% |
| Apricot Lane | 5.50% |
| Advertising Fee | |
| Room Evolutions | 1% |
| Apricot Lane | |
| Year Founded | |
| Room Evolutions | 1953 |
| Apricot Lane | 1991 |
| Year Franchised | |
| Room Evolutions | 2008 |
| Apricot Lane | 2004 |
| Term Of Agreement | |
| Room Evolutions | 5 years +5+5+5 |
| Apricot Lane | 10 years |
| Renewal Fee | |
| Room Evolutions | $5,000 |
| Apricot Lane | |
Business Experience Requirements |
|
| Experience | |
| Room Evolutions | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. |
| Apricot Lane | |
Financing Options |
|
| Franchise Fees | |
| Room Evolutions | No |
| Apricot Lane | No |
| Start-up Costs | |
| Room Evolutions | |
| Apricot Lane | |
| Equipment | |
| Room Evolutions} | |
| Apricot Lane | |
| Inventory | |
| Room Evolutions | |
| Apricot Lane | |
| Receivables | |
| Room Evolutions | |
| Apricot Lane | |
| Payroll | |
| Room Evolutions | |
| Apricot Lane | |
Training & Support |
|
| Training | |
| Room Evolutions | Initial one week orientation and ongoing |
| Apricot Lane | |
| Support | |
| Room Evolutions | |
| Apricot Lane | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Room Evolutions | Marketing materials are created and available |
| Apricot Lane | |
| Operations | |
| Room Evolutions | |
| 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) |
Expansion Plans |
|
| US Expansion | |
| Room Evolutions | Illinois, Indiana, Maryland, Michigan, Minnesota, New York, Ohio, Pennsylvania, Virginia, Wisconsin |
| 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, |
| Canada Expansion | |
| Room Evolutions | |
| Apricot Lane | |
| International Expansion | |
| Room Evolutions | |
| Apricot Lane | |