What was the total number of Apricot Lane outlet transfers in 2023?
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 | 3 | |
| 2024 | 3 |
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 outlet transfers in 2023 was 2. This data is based on transfers of outlets from franchisees to new owners, excluding transfers to the franchisor.
Specifically, the table provides a breakdown of transfers by state. In 2023, Illinois saw 2 outlet transfers, while Wisconsin, Arizona, Louisiana, Nebraska, Montana, Texas, and Virginia each reported 0 transfers. The sum of these transfers gives the total of 2 for the entire Apricot Lane franchise system during that year.
This information is valuable for potential franchisees as it provides insight into the stability and desirability of existing Apricot Lane locations. A low number of transfers could indicate franchisee satisfaction and successful business operations. Conversely, a high number might warrant further investigation into the reasons behind the transfers.