What is the estimated range for real estate and the first month's rent for an Apricot Lane franchise?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of expenditure | Amount (Estimated Cost) | Method of payment | When due | To whom payment is to be made |
|---|---|---|---|---|
| Initial Franchise Fee1 | $39,500 (first store) $20,000 (subsequent stores) | Lump Sum | See Item 5 & Note 1 | COUNTRY VISIONS |
| Real Estate/1st month rent2 | $0 - $10,000 | As Arranged | As Arranged | Lessor |
| Deposits (Lessor, Utilities, | $0 - $5,000 | As Arranged | As Arranged | Lessor & Utility Companies |
| Providers)3 |
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- You must rent premises for the operation of the Franchised Business. The typical Store requires approximately 1,200 to 2,000 square feet. The typical facility will be located in a, tourist center, entertainment complex, a regional mall, downtown street-side or a power/community center. This estimate contemplates rent for 1 month. The rental expense may vary greatly based on geographic location, size of the facility, local rental rates and other factors, and may be considerably higher in or near large metropolitan areas. The estimated amount of real estate/rent includes common area maintenance, taxes, insurance and center advertising.
The low end of the estimate is for remodeling retail space that has some suitable leasehold improvements in place and the high end is for unimproved retail space.
Regional mall locations typically entail higher leasehold improvement costs than other locations.
Construction allowances can range from $0 to $100,000.
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- The lessor and utility companies may require you to make a deposit before occupying the premises and before installing telephone, gas, electricity and related utility services.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 14–17)
What This Means (2025 FDD)
According to Apricot Lane's 2025 Franchise Disclosure Document, the estimated cost for real estate and the first month's rent ranges from $0 to $10,000. This figure includes expenses such as common area maintenance, taxes, insurance, and center advertising. The document specifies that the rental expense can fluctuate significantly based on factors like geographic location, facility size, and local rental rates, with costs potentially higher in or near large metropolitan areas.
The FDD notes that Apricot Lane stores typically require between 1,200 to 2,000 square feet and are often located in tourist centers, entertainment complexes, regional malls, downtown street-side locations, or power/community centers. The lower end of the estimated range may apply to retail spaces that already have suitable leasehold improvements in place, while the higher end is for unimproved retail spaces. Regional mall locations typically incur higher leasehold improvement costs compared to other locations.
Prospective franchisees should also be aware that lessors and utility companies may require deposits before occupying the premises or installing utility services. Furthermore, construction allowances from landlords can vary significantly, ranging from $0 to $100,000, which can impact the overall initial investment. Franchisees should carefully negotiate lease terms to understand potential charges for construction-related fees, such as those for barricades or demolition and restoration of the space.