Is it required for the transferee and their managers to complete Apricot Lane's training program?

According to Apricot Lane's 2025 Franchise Disclosure Document, if a franchisee transfers their franchise to a new owner, the transferee and their proposed managers must complete Apricot Lane's training program to the franchisor's satisfaction. This is a condition that must be met for the transfer to be approved.

This requirement ensures that the new owner and their management team are properly trained in the Apricot Lane system and can maintain the brand's standards. The training covers material aspects of the business, including financial controls, bookkeeping, product procurement, retail operations, marketing, inventory management, administrative procedures, maintenance, labor deployment, computer operation, product knowledge, and customer service.

Prospective franchisees should be aware of this requirement if they plan to sell their Apricot Lane franchise in the future. The transferee's ability and willingness to complete the training program will be a factor in whether the transfer is approved by Apricot Lane. This could impact the saleability of the franchise and the potential pool of buyers.