How many Apricot Lane franchise transfers occurred in Arizona during 2023?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| AZ | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 |
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, there were no franchise transfers in Arizona during 2023. The provided table, titled "Table No. 2 Transfers of Outlets from Franchisees to New Owners (other than the Franchisor) For the Fiscal Years of 2022, 2023 and 2024," indicates that the number of transfers in Arizona was zero for the 2023 fiscal year.
This information is relevant for prospective franchisees as it provides insight into the stability and turnover of Apricot Lane franchises within specific states. A high number of transfers might indicate issues with profitability or franchisee satisfaction, while a low number, as in the case of Arizona in 2023, could suggest a more stable franchise environment.
It's important to note that this data only reflects transfers to new owners and does not include instances where the franchise was reacquired by Apricot Lane itself or ceased operations for other reasons. Reviewing transfer rates in conjunction with other data, such as store closures and reasons for termination, can provide a more comprehensive understanding of the franchise system's health in a particular area.