What was the net income (loss) for the Apricot Lane franchise 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 income taxes | ||
| 1,984 | 59,242 | |
| Net Income (Loss) | $ 214,496 | $ 4,020 |
|
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 the company in 2024 was $214,496. This figure represents the profit remaining after all revenues and expenses, including operating expenses, other income/expenses, and income tax expenses, have been accounted for. In comparison, Apricot Lane's net income in 2023 was $4,020.
For a prospective franchisee, this information provides insight into the financial performance of the Apricot Lane franchise system as a whole. A positive net income suggests that the company is operating profitably, which can be a positive indicator for potential franchisees. However, it is essential to understand that this is the franchisor's income, not the income of individual franchise locations.
It is important for potential franchisees to conduct their own due diligence and not rely solely on the franchisor's financial statements. They should speak with existing franchisees to understand their individual financial performance and consider factors such as location, operating costs, and local market conditions, all of which can significantly impact the profitability of an individual Apricot Lane franchise.