What was the reported amount of franchise fees receivable for Apricot Lane in 2024?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
- ACCOUNTS RECEIVABLE
Accounts Receivable consists of the following at December 31:
| 2024 | 2023 | |
|---|---|---|
| Franchise Fees Receivable | $ 222,000 | $ 207,000 |
| Royalty & Advertising Fees Receivable | 117,073 | 140,764 |
| Reimbursable Franchise Cost Receivable | 18,076 | 24,017 |
| 357,149 | 371,781 | |
| Allowance for Doubtful |
Source: Item 23 — RECEIPTS (FDD pages 51–222)
What This Means (2025 FDD)
According to Apricot Lane's 2025 Franchise Disclosure Document, the franchise fees receivable as of December 31, 2024, were $222,000. This indicates the amount of franchise fees that Apricot Lane had earned but not yet collected from its franchisees at the end of that year.
This figure is important for prospective franchisees as it provides insight into the financial health and accounting practices of Apricot Lane. Franchise fees receivable represents revenue that Apricot Lane anticipates receiving in the near future. A significant increase in this figure compared to previous years could suggest changes in payment terms or potential difficulties in collecting fees from franchisees.
In comparison, the franchise fees receivable at the end of 2023 were $207,000. Monitoring these receivable amounts over time can help potential franchisees assess the stability and cash flow management of Apricot Lane. Additionally, it's worth noting that these figures are part of a larger set of receivables, including royalty and advertising fees, as well as reimbursable franchise costs, which totaled $357,149 in 2024 before accounting for doubtful accounts.