In 2024, what was the net change in the total number of Apricot Lane outlets?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2022 | 82 | 108 | +26 |
| 2023 | 108 | 112 | +4 | |
| 2024 | 112 | 109 | -3 | |
| Company-Owned | 2022 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | |
| 2024 | 0 | 0 | 0 | |
| Total Outlets | 2022 | 82 | 108 | +26 |
| 2023 | 108 | 112 | +4 | |
| 2024 | 112 | 109 | -3 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 41–51)
What This Means (2025 FDD)
According to Apricot Lane's 2025 Franchise Disclosure Document, the net change in the total number of Apricot Lane outlets in 2024 was -3. This means that the total number of Apricot Lane outlets decreased by 3 during that year. At the start of 2024, there were 112 total outlets, and by the end of the year, the number had dropped to 109.
This decrease reflects a net reduction in the number of franchised locations, as the company-owned outlets remained at zero. Specifically, the number of franchised outlets decreased from 112 to 109 during 2024.
A prospective franchisee should investigate the reasons behind this net decrease in locations. Understanding why more Apricot Lane stores closed than opened in 2024 could be crucial in assessing the stability and growth potential of the franchise.