How many calendar months are Apricot Lane site selection extensions granted in?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
or will be available for development of a Specialty Store or that FRANCHISEE will be permitted by the lessor or FRANCHISOR to open the Franchised Business in such center(s) and/or geographic area. FRANCHISOR is not required to give preference to any particular franchisee over another, if both have open licenses and both have indicated preferences for the same center(s) or geographic area and may elect in its sole discretion which franchisee to finally approve for a particular center or area.
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- A suitable site must be secured by FRANCHISEE and approved by FRANCHISOR within _______ calendar months from date the Franchise Agreement is executed. By mutual agreement, extensions to this calendar period may be granted in three (3) calendar month increments by the issuance of a written letter from FRANCHISOR to FRANCHISEE and accepted in writing by FRANCHISEE.
Source: Item 23 — RECEIPTS (FDD pages 51–222)
What This Means (2025 FDD)
According to Apricot Lane's 2025 Franchise Disclosure Document, franchisees are initially given a certain period to secure a suitable site for their store. The exact duration of this initial period is not specified in the document. However, if a franchisee needs more time, extensions to this period may be granted. These extensions are given in increments of three calendar months.
These extensions are not guaranteed; Apricot Lane has the sole discretion to approve or deny any extension request. The extension must be documented through a written letter from Apricot Lane to the franchisee, which the franchisee must then accept in writing.
If a suitable site is not secured and approved within the initial timeframe or any granted extensions, Apricot Lane has the right to terminate the Franchise Agreement. In such a case, Apricot Lane will retain the $5,000 installment on the initial franchise fee that the franchisee has already paid. This highlights the importance of securing a location within the given timeframe to avoid potential financial loss and termination of the franchise agreement.