What is the initial franchise fee for an Apricot Lane franchise in 2024 and 2023?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
enerally Accepted Accounting Principles in the United States of America (U.S. GAAP).
Revenue Recognition
Revenues from franchise fees are recognized when all services specified by the franchise agreement have been performed, generally when the franchisee's store opens. These services generally include site selection, lease negotiation, marketing, training of the franchisee, training of their employees, and store opening assistance. The initial franchise fee for 2024 and 2023 is $39,50
Source: Item 23 — RECEIPTS (FDD pages 51–222)
What This Means (2025 FDD)
According to Apricot Lane's 2025 Franchise Disclosure Document, the initial franchise fee for both 2024 and 2023 was $39,500. This fee is paid by new franchisees to gain the right to operate an Apricot Lane boutique.
The FDD also specifies that the franchise fee for additional stores purchased by existing franchisees was $20,000 in 2024. A prior year's FDD indicates that the franchise fee for additional stores was $15,000 in 2023.
It is important to note that the initial franchise fee is generally non-refundable, as it is considered fully earned by Apricot Lane when it becomes due and payable. However, there may be exceptions as outlined in Section 6.C of the franchise agreement, which prospective franchisees should review carefully. The initial franchise fee covers services such as site selection, lease negotiation, marketing, franchisee and employee training, and store opening assistance.