How is the Apricot Lane semi-monthly royalty payment period defined?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks* |
|---|---|---|---|
| Royalty Payments | 5.5% of Gross Revenues(2) | Payable semi-monthly by the 20th and the 5th of each month. | Based on Gross Revenues for the preceding period of the 1st through the 15th for payments on the 20th, and the 16th through the last day of the month for payments on the 5th. |
Source: Item 6 — OTHER FEES (FDD pages 11–14)
What This Means (2025 FDD)
According to Apricot Lane's 2025 Franchise Disclosure Document, royalty payments are calculated as 5.5% of gross revenues and are payable semi-monthly. Specifically, payments are due on the 20th and the 5th of each month.
The payment due on the 20th of each month is based on gross revenues earned from the 1st through the 15th of that month. The payment due on the 5th of each month covers gross revenues from the 16th through the last day of the preceding month.
This semi-monthly payment schedule means that Apricot Lane franchisees must regularly track and report their gross revenues to ensure timely royalty payments. Failing to submit payments and reports on time can result in late fees of $5 per day. Additionally, Apricot Lane requires franchisees to execute documents for electronic funds transfer (EFT) to facilitate these payments, ensuring that royalties and other fees are paid promptly.