Is the granting of the Option a final approval of the Option Location by the Apricot Lane franchisor?
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 an option by the franchisor does not constitute final approval of the option location. The franchisee is solely responsible for securing the location for development as a Specialty Store.
The franchisee must comply with all terms and conditions of the Option Franchise Agreement related to securing the site, leasing it, and constructing it. This includes obtaining all necessary approvals from Apricot Lane as required in the Option Franchise Agreement.
Therefore, even with the option, the franchisee still needs to fulfill all requirements to secure and develop the site, and the franchisor's approvals are still necessary for the site, lease, and construction.