How often might an Apricot Lane franchisee be required to remodel, redesign, modernize, or change the premises?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
one percent (1%) of the FRANCHISEE's annual gross revenues or Five Thousand Dollars ($5,000), whichever is less, per calendar year.
B. Changes to Business and System Modifications
1. Remodeling, Modernization, Changes to Existing Business
FRANCHISEE may be required to periodically make reasonable capital expenditures to remodel, redesign, modernize and change the Franchised Business and to replace and modernize the Premises so that the Franchised Business will reflect the then-current image intended to be portrayed by the Specialty Stores. All remodeling, modernization, or changes to the Premises must be done in accordance with the standards and specifications as prescribed by FRANCHISOR from time to time and with the prior written approval of FRANCHISOR. All replacements must conform to FRANCHISOR's then-current quality standards and specifications and must be approved by FRANCHISOR in writing. FRANCHISEE may be required to remodel, redesign, modernize or change the Premises not more than once during the term of this Agreement or renewal hereof, or more frequently as required by the lease for the Premises.
2.
Source: Item 23 — RECEIPTS (FDD pages 51–222)
What This Means (2025 FDD)
According to Apricot Lane's 2025 Franchise Disclosure Document, franchisees may be required to make capital expenditures to remodel, redesign, modernize, and change their franchised business. This includes replacing and modernizing the premises to reflect the brand's current image. These changes must adhere to Apricot Lane's standards and specifications, with prior written approval from the franchisor.
Apricot Lane franchisees may be required to remodel, redesign, modernize, or change the premises no more than once during the term of the Franchise Agreement or any renewal period. However, the frequency could be greater if required by the lease for the premises.
The expenditures for these changes and modifications during the term of the agreement are capped at the lesser of two percent of the franchisee's average annual Gross Revenues or $15,000. This limitation helps to provide some financial predictability for franchisees regarding required updates to their stores.