How many additional renewal terms are Apricot Lane franchisees eligible for?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
| PROVISION | SECTION IN FRANCHISE AGREEMENT | SUMMARY |
|---|---|---|
| a. Length of the franchise | Section 3.A in the | Term is 10 years beginning on the first day of |
| term | Franchise Agreement | the lease term for the premises. |
| b. Renewal or extension of | Section 3.B in | If you are in good standing, you can renew for |
| the term | Franchise Agreement | 2 additional successive terms of 5 years each. |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 35–39)
What This Means (2025 FDD)
According to Apricot Lane's 2025 Franchise Disclosure Document, franchisees who are in good standing have the option to renew their franchise agreement for up to two additional terms. These renewal terms are successive and each lasts for a period of five years.
This means that after the initial franchise term of 10 years, a franchisee who meets the renewal criteria can extend their agreement for an additional 10 years in total, split into two 5-year increments. This provides a degree of long-term security and the potential to continue operating the Apricot Lane business for an extended period.
It is important for prospective franchisees to understand the conditions for being considered in "good standing" as this will determine their eligibility for renewal. This information is likely detailed elsewhere in the Franchise Agreement, and franchisees should carefully review those sections to ensure they understand what is required to maintain their eligibility to renew their franchise.