How many company-owned Apricot Lane outlets were in operation at the end of 2023?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
utlet Summary For the Fiscal Years of 2022, 2023 and 2024**
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2022 | 82 | 108 | +26 |
| 2023 | 108 | 112 | +4 | |
| 2024 | 112 | 109 | -3 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 41–51)
What This Means (2025 FDD)
According to Apricot Lane's 2025 Franchise Disclosure Document, at the end of 2023, there were zero company-owned outlets in operation. The provided table, which covers the fiscal years 2022, 2023, and 2024, indicates that Apricot Lane did not operate any company-owned stores during this period. All Apricot Lane stores were franchised.
For a prospective franchisee, this information suggests that Apricot Lane focuses primarily on a franchise model for its business operations. This may indicate that the franchisor's revenue is generated through franchise fees and royalties rather than direct sales from company-owned stores. It also suggests that Apricot Lane may not directly compete with its franchisees by operating its own outlets.
It is important for potential franchisees to understand the implications of a franchise system that is exclusively franchise-operated. This includes evaluating the support and training provided by Apricot Lane, as well as the potential challenges and benefits of operating within a franchise-only model. Further due diligence is recommended to assess the financial performance and operational strategies of Apricot Lane and its franchisees.