| ||||
Updated RecentlyApricot Lane vs AvenueWest Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Apricot Lane vs AvenueWest including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $137,150 - $361,800 | N/A |
| Franchise Fee | $39,500 | N/A |
| Royalty Fee | 5.5% | - |
| Advertising Fee | - | - |
| Year Founded | 1991 | 0 |
| Year Franchised | 2004 | 0 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | - | - |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | No/No |
| Start-up Costs | No/No | No/No |
| Equipment | No/No | No/No |
| Inventory | No/No | No/No |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
||
| Training | - | - |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
| Marketing | - | - |
| 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 |
||
| US Expansion | Yes | Yes |
| Canada Expansion | No | No |
| International Expansion | No | No |
Company Overviews
About Apricot Lane
About AvenueWest
Are you looking for: A new and exciting business opportunity? A business with good residual income? A successful team atmosphere? A high energy and growing industry? Now you can build your own unique and profitable real estate business, in your market, by tapping a growing demand for longer term furnished lodging with the AvenueWest Managed Corporate Housing program. Your franchise ownership means entrance into the $2.7 billion dollar corporate housing industry. You will be servicing a diverse and interesting client base, providing you with an exciting and rewarding business opportunity. Let us put our experience and knowledge into your hands. You will quickly discover the attractive income potential that is available by serving both the business community and an increasingly wide array of other longer term housing occupants seeking fully furnished properties. Additional revenue opportunities are possible including longer-term unfurnished rentals, brokering a relocation client's home purchase and working with investors and property owners wishing to put a corporate housing property under your management. The experienced team at AvenueWest Global Franchise guides you through the steps needed to replicate this award winning system. Working as a team we provide you with the tools needed to integrate property management, marketing, leasing, sales and accounting aspects of the business to equip you to quickly find success in the corporate housing industry. AvenueWest Global Franchise offers: A Proven Business Model - begin knowing you are on the right path Hands-on Training - learn from those who understand the unique nature of corporate housing On-going Operational Support - our continuing goal is to make you successful Documented Operational Manual - a step by step reference at your finger-tips National Name Recognition - tap into a tradition of excellence National Marketing - immediate exposure to corporate clients Market Specific Website - your own individual market identity Corporate Housing Management Software - a tailored system that simplifies the process Daily Accounting Support - we take on this duty so you can work more productively Continuing Education - geared to keep you abreast of industry trends Openness to Your Input - a willingness to listen and respond to your ideas and suggestions