Where in the Apricot Lane FDD can I find information about site selection and approval?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
SECTION 4: LEASE FOR THE PREMISES
A. Site Selection and Approval
FRANCHISEE will be responsible for purchasing or leasing suitable Premises. If a specific location is designated in Section 1.B above, FRANCHISEE is solely responsible for securing suitable Premises at said location for the Franchised Business, which must be approved by FRANCHISOR. If FRANCHISEE has an Open License under the terms of Exhibit A, FRANCHISEE must select and secure a suitable location and Premises at such location for the Franchised Business, which must be approved by FRANCHISOR, in accordance with the terms of Exhibit A. Prior to the acquisition by lease or purchase of the Premises, FRANCHISEE shall submit a written description of the proposed site to FRANCHISOR, together with a letter of intent describing in detail the business terms and conditions and other evidence satisfactory to FRANCHISOR which confirms FRANCHISEE's favorable prospects for obtaining the proposed site. FRANCHISOR shall provide FRANCHISEE written notice of approval or disapproval of the proposed location and premises within thirty (30) business days after receiving FRANCHISEE's written proposal.
Source: Item 23 — RECEIPTS (FDD pages 51–222)
What This Means (2025 FDD)
According to Apricot Lane's 2025 Franchise Disclosure Document, Section 4.A, titled "Site Selection and Approval," contains information regarding site selection and approval. The FDD states that franchisees are responsible for securing a suitable location, which must be approved by Apricot Lane.
The FDD also mentions that if the franchisee has an Open License, as detailed in Exhibit A, they must select a suitable location that meets Apricot Lane's approval, as per the terms in Exhibit A. Before leasing or purchasing a location, the franchisee must submit a written description of the proposed site, along with a letter of intent outlining the business terms and conditions, and any other evidence that confirms the franchisee's prospects for obtaining the site.
Apricot Lane will then provide written notice of approval or disapproval within thirty business days after receiving the franchisee's proposal. This section clarifies the franchisee's responsibilities in finding a location and the franchisor's role in the approval process, including the documentation required and the expected response time. This is a crucial step for prospective franchisees as it outlines the process for securing a location and the franchisor's criteria for approval.