How many Apricot Lane franchises in Illinois were transferred in 2023?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
the Franchisor) For the Fiscal Years of 2022, 2023 and 2024**
| State | Year | Number of Transfers |
|---|---|---|
| AZ | 2022 | 0 |
| 2023 | 0 |
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 2 franchise transfers in Illinois during 2023. This information is based on Table No. 2, which details the transfers of outlets from franchisees to new owners.
For a prospective Apricot Lane franchisee, understanding the number of transfers can provide insights into the stability and desirability of the franchise in a specific area. A higher number of transfers might indicate issues with profitability or franchisee satisfaction, while a lower number could suggest a stable and successful market presence.
It's important to note that transfers don't always signal a negative situation. Franchisees may transfer their business for various reasons, including retirement, relocation, or other personal circumstances. Investigating the reasons behind transfers in a specific market like Illinois can offer a more nuanced understanding of the franchise's performance and potential risks.
Therefore, while the FDD provides this historical data, further due diligence, including speaking with current and former franchisees, is essential to assess the health and attractiveness of an Apricot Lane franchise in Illinois.