From what source were the gross revenues reported in the Apricot Lane table derived?

According to Apricot Lane's 2025 Franchise Disclosure Document, the gross revenues presented in Item 19 were derived from specific financial reports submitted by franchisees. These reports were unaudited and provided by franchisees to Apricot Lane for the purpose of calculating royalty fees. The gross revenues definition used in these reports is consistent with the definition provided in Item 6 of the FDD.

This means that the figures Apricot Lane presents are based on what franchisees themselves reported, without independent verification. While this is a common practice, prospective franchisees should recognize that the accuracy of these figures depends on the franchisees' reporting. It is important to understand the Item 6 definition of gross revenues to fully understand what is included in these figures.

It is also important to note that the table includes data from 88 franchised stores that were open and operating for the entire 12-month period. Apricot Lane had a total of 109 stores open, but 21 were excluded because they opened during the period or experienced a relocation or transfer of ownership. This suggests that the financial performance representation focuses on established stores to provide a more stable view of potential revenues.