Apricot Lane vs Gotcha Covered Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Apricot Lane vs Gotcha Covered including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Apricot Lane Franchise
Gotcha Covered Franchise
Investment $137,150 - $361,800$75,950 - $94,155
Franchise Fee $39,500$64,900
Royalty Fee 5.5%$1.35K/mo.
Advertising Fee -$500/mo.
Year Founded 19911995
Year Franchised 20041999
Term Of Agreement 10 years10 years
Term Of Agreement 10 years10 years
Renewal Fee -$1K


Business Experience Requirements
 
Apricot Lane Franchise
Gotcha Covered Franchise
Experience -
  • General business experience
  • Marketing skills
  • Good people skills, work well with others
    		•

    Financing Options
     
    Apricot Lane Franchise
    Gotcha Covered Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/No
    Start-up Costs No/NoNo/No
    Equipment No/NoNo/No
    Inventory No/NoNo/No
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support
     
    Apricot Lane Franchise
    Gotcha Covered Franchise
    Training --
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperativesNewsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives
    Marketing -Co-op advertising, Ad slicks, National media, Regional advertising
    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)

    		 Franchise can be run from home.

    10% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 1 - 5

    Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

    Expansion Plans
     
    Apricot Lane Franchise
    Gotcha Covered Franchise
    US Expansion Yes-
    Canada Expansion NoNo
    International Expansion NoYes

    Company Overviews

    About Apricot Lane

    Our Apricot Lane specialty retail stores are part of a Country Visions retail franchise system that specializes in unique gifts, fashion accessories and home decor products. When you join the Country Visions franchise system, you will benefit from one of the most advanced operational systems in the nation. You will gain access to extensive networking resources, including preferred national vendors who offer our stores volume discounts and exclusive products; marketing support from our in-house advertising; state-of-the-art point of sale, inventory management and computer support systems; and national franchise conventions for direct franchise networking and training. You will also be trained by our professional staff at our Country Visions University in visual merchandising, pricing strategies, customer service, marketing and computer systems, as well as employee motivation and development.

    The total investment necessary to begin operation of your first COUNTRY VISIONS store is $137,150 to $361,800 for a start-up store. This includes $37,500 to $49,300 that must be paid to the franchisor or its affiliate.
    The total investment necessary to begin operation of your second and each subsequent COUNTRY VISIONS store is $112,650 to $337,300 for a start-up store. This includes $18,000 to $24,800 that must be paid to the franchisor or its affiliate.

    About Gotcha Covered

    If you are looking for an affordable franchise that offers you a serious income potential and a great lifestyle, Gotcha Covered's all-inclusive franchise system is the solution for you!

    We provide you with ALL the tools you need in a home-based business- all you need is the desire and willingness to work hard for your own success. Our current franchises (where available) are available for just $64,900. We also recommend that you have an additional $10,000-$20,000 in working capital to get your business up and running. Additional territories are offered at discounted rates, and more detailed information regarding your investment can be found in Gotcha Covered's Franchise Disclosure Document (FDD), which we are happy to provide to you. We know once you proceed through the due diligence process with Gotcha Covered, you'll agree that a Gotcha Covered home-based franchise clearly represents one of the best low-cost franchise opportunities available anywhere.


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    #324 in Franchise 500 for 2020.
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