How many Apricot Lane franchises in Alabama were terminated in 2023?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets at Start of the Year | Outlets Opened | Termina tions | Non Renewals | Reacquired by Franchisor | Ceased Operations For Other Reasons | Outlets at End of Year |
|---|---|---|---|---|---|---|---|---|
| AL | 2022 | 1 | 1 | 0 | 0 | 0 | 0 | 2 |
| 2023 | 2 | 1 | 0 | 0 | 0 | 0 | 3 | |
| 2024 | 3 | 0 | 0 | 0 | 0 | 0 | 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, there were no terminations of Apricot Lane franchises in Alabama during 2023. The provided table outlines the status of franchised outlets for the fiscal years 2022, 2023, and 2024, showing that in 2023, Alabama had 2 outlets at the start of the year, opened 1 new outlet, and had zero terminations. This resulted in 3 outlets at the end of 2023.
This information is crucial for potential franchisees as it provides insight into the stability and performance of Apricot Lane franchises in specific states. A low number of terminations can indicate a healthy franchise system with supportive franchisor-franchisee relationships. Conversely, a high number of terminations might warrant further investigation into the reasons behind those closures.
Prospective franchisees should consider this data in conjunction with other factors, such as the number of new openings, non-renewals, and overall economic conditions in Alabama, to gain a comprehensive understanding of the franchise's viability in that market. It's also advisable to speak with current and former franchisees to gather firsthand accounts of their experiences with Apricot Lane.