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Below is an in-depth analysis and side-by-side comparison of AvenueWest vs Norwalk Furniture & Design including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | N/A | $495,000 |
Franchise Fee | N/A | $35,000 |
Royalty Fee | - | 0 |
Advertising Fee | - | - |
Year Founded | 0 | 1902 |
Year Franchised | 0 | 1987 |
Term Of Agreement | - | 5 years |
Term Of Agreement | - | 5 years |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | No/Yes |
Start-up Costs | No/No | No/Yes |
Equipment | No/No | No/Yes |
Inventory | No/No | No/Yes |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
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Training | - | Administrative & service management |
Support | - | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
Marketing | - | Ad slicks, Regional advertising |
Operations | - |
10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 14 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | No |
International Expansion | No | Yes |
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
For more than 100 years, we've helped furniture shoppers create something unique. Since 1987, we've done the same for our franchisees. Our philosophy is simple: Create stylish, one-of-a-kind upholstered furniture in an intimate, service-oriented retail environment. That means a low-inventory investment for you and an extraordinary selection for your customers. It's this one-of-a-kind furniture store concept that makes our nearly 80 Norwalk Furniture Idea stores a growing success and the right concept, at the right time. Why Norwalk Now? Consumer research shows people spending more time at home these days. They see their home as their refuge, their sanctuary from the pressures of the world. More time at home results in more spending to decorate those homes. And today's sophisticated, upscale consumer does not want to settle for ordinary, off-the-shelf decorating solutions.