What is the length of each renewal term for an Apricot Lane franchise?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
Country Visions, Inc. markets franchises for Apricot Lane Boutique, a fashion and accessory boutique. Franchises generally have an initial ten-year term, with two additional five-year terms at the option of the franchises.
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 term is generally ten years. Franchisees have the option to renew the franchise agreement for two additional terms, each lasting five years. Therefore, after the initial ten-year term, an Apricot Lane franchisee can potentially operate under the franchise for an additional ten years through these renewals.
To qualify for renewal, franchisees must meet specific conditions outlined in the franchise agreement. These conditions include paying all outstanding amounts owed to Apricot Lane and its affiliates, not being in default of any agreements, and executing the then-current form of the Franchise Agreement. This renewal agreement may have different terms than the original, including potentially different royalty percentages, advertising contributions, or other fees. However, franchisees will not be required to pay the then-current initial franchise fee or its equivalent upon renewal.
Apricot Lane may also require franchisees to attend a training course to ensure they are up-to-date with current store operations, training procedures, and policies as a condition of approving the renewal. While there is no additional charge for the training itself, the franchisee is responsible for covering all expenses related to travel, lodging, and other living costs while attending the training course. Additionally, franchisees must deliver a general release of any and all claims against Apricot Lane at least sixty days before the expiration of the term.
Apricot Lane retains the right to refuse renewal if any of the conditions are not met or if the franchisee has a history of material disputes or consistently negative interactions with the franchisor. The franchisee will receive written notice of non-renewal three months before the expiration of the initial term or any renewal term, specifying the reasons for non-renewal. Prospective franchisees should carefully review the conditions for renewal and consider the potential for changes in the franchise agreement terms upon renewal.