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What were the total long-term liabilities for Apricot Lane in 2023?

Apricot_Lane Franchise · 2025 FDD

Answer from 2025 FDD Document

LLP Grass Valley, CA February 10, 2025

Sointo Group

2

ASSETS
2024 2023
Current Assets: 4. 107 (10
Cash and cash equivalents S 85,129 $ 186,678
Marketable securities 113,379 161,923
Franchise fees receivable 222,000 207,000
Franchise royalties and advertising receivable
less allowance for doubtful accounts 72,069 95,760
Reimbursable franchise costs and other receivab les
less allowance for doubtful accounts 18,076 24,017
Prepaid expenses 20,201 22,346
Current portion of notes receivable _ -
Total Current Assets 530,854 697,724
Furniture, equipment, and vehicles net 156,003 200,976
Other Non-current Assets:
Security deposit 2,500 2,603
Right-of-use lease asset - 8,724
Notes Receivable, less current portion 985,265 985,265
Total Other Non-current Assets _ 987,765 996,592
Total Assets _ - s - 1,674,622 $ and the same 1,895,292
LIABILITIES & ST FOCKHOLDERS' EQU ITY
Current Liabilities:
Accounts payable and accrued liabilities 8 35,246 $ 58,419
Accrued payroll a 122,602 φ 168,271
Accrued interest 10,167 21,968 59,100
Gift card liability Deferred franchise fees 59,100 316,500 627,500
Current portion of long-term debt 45,732 44,200
Current portion of lease liability - _ an an an an an an an an an an an an an a 8,724
Total Current Liabilities 589,347 988,182
Long-term Liabilities;
Long-term debt, net of current portion 609,157 645,488
Lease liability, net of current portion - -
Total Long-term Liabilities -

Source: Item 23 — RECEIPTS (FDD pages 51–222)

What This Means (2025 FDD)

According to Apricot Lane's 2025 Franchise Disclosure Document, the company's total long-term liabilities in 2023 were $645,488. This figure represents the financial obligations of Apricot Lane that are not expected to be settled within the next year.

Specifically, the long-term liabilities consist of long-term debt, net of the current portion. This means that the amount reported excludes the portion of the debt due within the next 12 months. The FDD also lists "Lease liability, net of current portion" as a long-term liability, but the value is listed as zero for both 2023 and 2024.

Understanding the long-term liabilities of a franchisor like Apricot Lane is crucial for potential franchisees. It provides insight into the financial stability and leverage of the company, which can indirectly affect the support and resources available to franchisees. A high level of long-term debt could indicate financial strain, while a lower level might suggest a more stable financial position.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.
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