How much equipment and vehicles did Apricot Lane purchase through long-term debt in 2023?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
| Supporting disclosures: | $ | _ 20.55 | Ф $ | 202,390 | | Interest paid | $ | 30,120 | $ | 22,567 | | Income taxes paid | $ | 1,984 | $ | 73,539 |
Source: Item 23 — RECEIPTS (FDD pages 51–222)
What This Means (2025 FDD)
According to Apricot Lane's 2025 Franchise Disclosure Document, the company purchased $202,390 in equipment and vehicles through long-term debt in 2023. This figure is disclosed as a supporting detail within the cash flow statements.
For a prospective franchisee, this indicates that Apricot Lane itself utilizes long-term debt to acquire essential assets. This suggests that such financing options may be available to franchisees as well, although individual circumstances would dictate eligibility and terms. Understanding how the franchisor manages its own financing can provide insight into potential financial strategies for franchisees.
It's important to note that this figure reflects the franchisor's activity, not necessarily the financing practices of individual franchisees. Franchisees should consult with financial advisors to determine the most suitable financing options for their specific business needs and financial situation. The FDD does not detail the specific types of equipment or vehicles purchased, so further inquiry may be needed to understand these assets better.