What was the net change in the number of Apricot Lane company-owned outlets during 2024?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
utlet Summary For the Fiscal Years of 2022, 2023 and 2024**
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2022 | 82 | 108 | +26 |
| 2023 | 108 | 112 | +4 | |
| 2024 | 112 | 109 | -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, the net change in the number of company-owned outlets during 2024 was 0. The provided table in Item 20 of the FDD outlines the number of franchised and company-owned outlets for the years 2022, 2023, and 2024.
Specifically, for company-owned outlets, the table shows that at the start of 2024, there were 0 outlets, and at the end of 2024, there were still 0 outlets. This results in a net change of 0 for that year. This indicates that Apricot Lane did not open or close any company-owned stores during this period.
For a prospective franchisee, this information is useful for understanding Apricot Lane's business model. The fact that Apricot Lane does not operate any company-owned stores suggests that the company is heavily focused on franchising as its primary mode of expansion. This may indicate that Apricot Lane's revenue is generated primarily through franchise fees and royalties rather than direct retail sales. A potential franchisee may want to further investigate the support and resources Apricot Lane provides to its franchisees, given the company's reliance on the franchise model.