What was the net income (loss) for Apricot Lane in 2024?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
holders' Equity | | 8 | 1,674,622 | . $ | 1,895,292 |
| 2024 | 2023 | |
|---|---|---|
| Revenues | ||
| Royalties | $ 1,940,979 | $ 2,060,277 |
| Franchise fees | 732,500 | 994,000 |
| Advertising fees | 357,906 | 379,936 |
| Sponsorship | 40,350 | 11,100 |
| Total Revenues | 3,071,735 | 3,445,313 |
| Operating expenses | ||
| General and administrative | 2,381,195 | 2,789,406 |
| Franchise advertising | 429,599 | 551,000 |
| Depreciation | 51,794 | 33,509 |
| Total Operating Expenses | ||
| 2,862,588 | 3,373,915 | |
| Income (Loss) from Operations | 209,147 | 71,398 |
| Other Income/(Expense) | ||
| Other income | 37,453 | 14,942 |
| Other expense | - | (511) |
| Interest expense | (30,120) | (22,567) |
| Total Other Income/(Expense) | ||
| 7,333 | (8,136) | |
| Income (Loss) before provisions for income taxes | 216,480 | 63,262 |
| Income Tax Expense | ||
| Provision for |
Source: Item 23 — RECEIPTS (FDD pages 51–222)
What This Means (2025 FDD)
According to Apricot Lane's 2025 Franchise Disclosure Document, the net income for 2024 was $214,496. This figure represents the company's profit after all revenues and expenses, including income taxes, have been accounted for during the fiscal year. In comparison, Apricot Lane's net income for the year 2023 was $4,020.
It is important to note that this net income reflects the financial performance of the franchisor, Country Visions, Inc., and not the performance of individual Apricot Lane franchise locations. A prospective franchisee should not assume that their individual store will achieve similar results. Factors such as location, local market conditions, and the franchisee's management skills will significantly impact the financial performance of their specific Apricot Lane boutique.
Furthermore, the FDD also provides details on the revenues and expenses that contribute to the net income. For example, in 2024, Apricot Lane had total revenues of $3,071,735, which included royalties, franchise fees, advertising fees, and sponsorship income. Operating expenses totaled $2,862,588, encompassing general and administrative costs, franchise advertising, and depreciation. Reviewing these figures can provide a more comprehensive understanding of the franchisor's financial health and the various revenue streams and cost centers within the Apricot Lane business model.