Does the Apricot Lane real estate/rent estimate include taxes?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
is refundable.
Explanatory Notes
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- Item 5 of this Disclosure Document describes the initial franchise fee. If you qualify for the U.S. Military veterans discount we currently offer, we may discount the initial franchise fee by $5,000.
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- You must rent premises for the operation of the Franchised Business. The typical Store requires approximately 1,200 to 2,000 square feet. The typical facility will be located in a, tourist center, entertainment complex, a regional mall, downtown street-side or a power/community center. This estimate contemplates rent for 1 month. The rental expense may vary greatly based on geographic location, size of the facility, local rental rates and other factors, and may be considerably higher in or near large metropolitan areas. The estimated amount of real estate/rent includes common area maintenance, taxes, insurance and center advertising.
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Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 14–17)
What This Means (2025 FDD)
According to Apricot Lane's 2025 Franchise Disclosure Document, the estimated amount for real estate/rent includes taxes. Specifically, the estimate contemplates rent for the first month of operation. The document specifies that the real estate/rent estimate, which ranges from $0 to $10,000, also includes common area maintenance, insurance, and center advertising. However, the rental expense may vary greatly based on geographic location, size of the facility, local rental rates and other factors, and may be considerably higher in or near large metropolitan areas.
Prospective Apricot Lane franchisees should consider that this is only an estimate, and actual costs may vary. Franchisees should carefully evaluate potential locations and negotiate lease terms to manage rental expenses effectively. Understanding the factors that influence rental costs, such as location and facility size, is crucial for financial planning.
It is also important to note that the lessor and utility companies may require a deposit before occupying the premises and before installing telephone, gas, electricity and related utility services. These deposits are separate from the real estate/rent estimate and are listed as a separate expenditure, ranging from $0 to $5,000.