How many Apricot Lane franchises were terminated in total during 2024?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
ranchised Outlets For the Fiscal Years of 2022, 2023 and 2024**
| 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 | |
| AK | 2022 | 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, a total of 17 franchises were terminated during 2024. This number is derived from the table that summarizes outlet data across different states.
The table provides a breakdown of changes in the number of Apricot Lane outlets, including terminations, non-renewals, and other reasons for ceased operations. For the year 2024, the 'Terminations' column indicates a total of 17 franchises were terminated across all states.
Prospective franchisees should pay close attention to these figures as they provide insight into the stability and health of the Apricot Lane franchise system. High termination rates could indicate underlying issues with the franchise model, franchisee support, or market conditions. It's also important to consider the reasons behind terminations, which can range from franchisee performance to strategic decisions by either party. Reviewing the complete Item 20 and speaking with current and former franchisees can provide a more comprehensive understanding.