Does the granting of the Location Option by Apricot Lane constitute final approval of the Option Location?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
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- The granting of this Option by FRANCHISOR is not a guaranty or assurance that the Option Location will be available to FRANCHISEE to develop as a Specialty Store within the term of this Option or at any time thereafter. FRANCHISOR has not secured the Option Location for development as a Specialty Store and FRANCHISEE shall have the sole and exclusive responsibility for doing so. The granting of this Option is not a final approval of the Option Location by FRANCHISOR. FRANCHISEE will need to comply with all terms and conditions of the Option Franchise Agreement relative to securing the site, leasing of the site, and construction of the site and obtain all approvals of FRANCHISOR required in the Option Franchise Agreement with respect to these matters.
Source: Item 23 — RECEIPTS (FDD pages 51–222)
What This Means (2025 FDD)
According to Apricot Lane's 2025 Franchise Disclosure Document, the granting of a Location Option by Apricot Lane does not constitute final approval of the option location. The FDD states that Apricot Lane has not secured the option location for development as a specialty store, and the franchisee has the sole responsibility for doing so.
The franchisee must comply with all terms and conditions of the Option Franchise Agreement related to securing the site, leasing the site, and construction of the site. The franchisee must also obtain all approvals from Apricot Lane required in the Option Franchise Agreement with respect to these matters.
This means that even after paying for and receiving a Location Option, an Apricot Lane franchisee still needs to independently secure the site, negotiate the lease, handle construction, and obtain separate approvals from Apricot Lane for each of these steps. The Location Option simply gives the franchisee the opportunity to pursue a location, but it does not guarantee approval or availability.