What was the total amount of franchise fees collected by Apricot Lane in 2024?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
holders' Equity | | 8 | 1,674,622 | . $ | 1,895,292 |
| 2024 | 2023 | |
|---|---|---|
| Revenues | ||
| Royalties | $ 1,940,979 | $ 2,060,277 |
| Franchise fees | 732,500 | 994,000 |
| Advertising fees | 357,906 | 379 |
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 received as income from new store openings in 2024 were $732,500. This represents the amount of initial franchise fees that Apricot Lane recognized as revenue during that year.
It is important to note that this figure reflects only the fees recognized as income, which occurs when a new store opens and Apricot Lane has performed the services outlined in the franchise agreement, such as site selection, lease negotiation, and training. The initial franchise fee for 2024 was $39,500 for new franchisees and $20,000 for existing franchisees opening additional stores.
Additionally, the FDD mentions that franchise fees totaling $222,000 were receivable at the end of 2024, and deferred revenue related to franchise fees was $316,500 at the same date. These figures indicate that Apricot Lane had additional franchise fees that had not yet been recognized as income, either because they were still outstanding or because the related stores had not yet opened.