For an Apricot Lane franchise, how many additional renewal terms are franchisees eligible for?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
FRANCHISEE shall have the right to renew this franchise for two (2) additional successive terms of five (5) years each, provided that all of the following conditions exist or have been fulfilled, it being understood that failing to fulfill any one of these conditions either by the
Source: Item 23 — RECEIPTS (FDD pages 51–222)
What This Means (2025 FDD)
According to Apricot Lane's 2025 Franchise Disclosure Document, franchisees have the option to renew their franchise agreement for two additional terms. Each of these renewal terms is for a period of five years. The initial term for an Apricot Lane franchise is ten years from the commencement date of the lease for the premises.
To be eligible for renewal, franchisees must meet several conditions. These include complying with all provisions of the franchise agreement and other agreements with Apricot Lane, providing timely notice of renewal (between nine and twelve months before the expiration of the current term), and maintaining possession of the premises by exercising any renewal options in the lease.
Apricot Lane may also require franchisees to attend a training course to update their knowledge of store operations, training procedures, and policies as a condition of approving the renewal. Additionally, franchisees must execute Apricot Lane's then-current form of Franchise Agreement, which may contain different terms, including royalty fees and advertising contributions. Apricot Lane also retains the right to refuse renewal if the franchisee has a history of material disputes or consistently negative interactions with the company.