Who is responsible for purchasing or leasing suitable premises for an Apricot Lane franchise?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
FRANCHISEE will be responsible for purchasing or leasing suitable Premises. If a specific location is designated in Section 1.B above, FRANCHISEE is solely responsible for securing suitable Premises at said location for the Franchised Business, which must be approved by FRANCHISOR. If FRANCHISEE has an Open License under the terms of Exhibit A, FRANCHISEE must select and secure a suitable location and Premises at such location for the Franchised Business, which must be approved by FRANCHISOR, in accordance with the terms of Exhibit A. Prior to the acquisition by lease or purchase of the Premises, FRANCHISEE shall submit a written description of the proposed site to FRANCHISOR, together with a letter of intent describing in detail the business terms and conditions and other evidence satisfactory to FRANCHISOR which confirms FRANCHISEE's favorable prospects for obtaining the proposed site. FRANCHISOR shall provide FRANCHISEE written notice of approval or disapproval of the proposed location and premises within thirty (30) business days after receiving FRANCHISEE's written proposal.
Source: Item 23 — RECEIPTS (FDD pages 51–222)
What This Means (2025 FDD)
According to Apricot Lane's 2025 Franchise Disclosure Document, the franchisee is responsible for purchasing or leasing suitable premises for their Apricot Lane boutique. The franchisee must secure a location approved by Apricot Lane. If the franchisee has an Open License, they must select and secure a suitable location that Apricot Lane approves, according to the terms in Exhibit A.
Before acquiring the premises, the franchisee must submit a written description of the proposed site to Apricot Lane, along with a letter of intent detailing the business terms and conditions. They must also provide other evidence that confirms their favorable prospects for obtaining the proposed site. Apricot Lane will then provide written notice of approval or disapproval within thirty business days after receiving the franchisee's written proposal.
While Apricot Lane may offer assistance, information, or recommendations regarding the premises, they make no guarantees about the suitability of the location for an Apricot Lane store. The franchisee is ultimately responsible for independently investigating and determining if the premises meets their needs.