How many Apricot Lane outlets were transferred in Virginia during 2022?
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 | |
| 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 was one transfer of an Apricot Lane outlet in Virginia during 2022. This means that one existing franchise location was sold to a new owner during that year.
Outlet transfers can be a normal part of a franchise system's lifecycle. Franchisees may choose to sell their business for various reasons, such as retirement, pursuing other opportunities, or personal circumstances. A transfer does not necessarily indicate a problem with the franchise itself, but rather a change in ownership.
Prospective franchisees should consider the number of transfers when evaluating a franchise opportunity. A high number of transfers could indicate issues with franchisee profitability or satisfaction, while a low number could suggest stability within the system. It's important to investigate the reasons behind any transfers and speak with current and former franchisees to gain a better understanding of the franchise system's health.