What was the total number of Apricot Lane franchise transfers in 2022 across all states?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
23 | 0 | | | 2024 | 0 | | | | |
| State | Year | Number of Transfers |
|---|---|---|
| WI | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 0 | |
| Total | 2022 | 4 |
| 2023 | 2 | |
| 2024 | 4 |
Table No. 3 Status of Franchised Outlets For the Fiscal Years of 2022, 2023 and 2024
| State | Year | Outlets at Start of the Year | Outlets Opened | Termina tions | Non Renewals | Reacquired by Franchisor | Ceased Operations For Other Reasons | Outlets at End of Year |
|---|---|---|---|---|---|---|---|---|
| AL | 2022 | 1 | 1 | 0 | 0 | 0 | 0 | 2 |
| 2023 | 2 | 1 | 0 | 0 | 0 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 41–51)
What This Means (2025 FDD)
According to Apricot Lane's 2025 Franchise Disclosure Document, the total number of franchise transfers in 2022 was 4. This figure represents the total number of existing Apricot Lane franchises that were sold or transferred to new owners during that year across all states where Apricot Lane had franchise operations. Franchise transfers can occur for various reasons, such as the original franchisee deciding to retire, pursue other business ventures, or due to personal circumstances.
For a prospective franchisee, the number of transfers can be an important indicator of the health and stability of the franchise system. A high number of transfers might suggest that franchisees are struggling or dissatisfied, while a low number could indicate a stable and successful network. However, it's essential to consider the context and reasons behind the transfers, as some transfers may simply be due to franchisees reaching retirement age or other planned transitions.
It is also important to note the number of transfers in specific states. For example, in 2022, Arizona, Illinois, Nebraska and Montana had zero franchise transfers, while Louisiana, Texas, and Virginia had 1 or 2 transfers. Wisconsin also had zero transfers in 2022. This information can help a prospective franchisee understand the stability of the franchise in specific geographic areas.
When evaluating a franchise opportunity, it is advisable to speak with current and former Apricot Lane franchisees to understand their experiences and the reasons behind any transfers. This will provide valuable insights into the franchise system and help in making an informed decision.