What was the total number of Apricot Lane terminations across all locations in 2023?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
ranchised 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 | 0 | 0 | 0 | 0 | 0 | 3 | |
| AK | 2022 | 1 |
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, there were a total of 9 franchise terminations across all locations during 2023. This figure is derived from the table summarizing outlet data across various states. The 'Terminations' column indicates the number of franchise agreements that were ended, either by the franchisor or the franchisee, within that year.
This number is important for prospective franchisees to consider as it provides insight into the stability and health of the Apricot Lane franchise system. A high number of terminations could indicate issues with the business model, franchisor-franchisee relationships, or overall profitability. Conversely, a low number suggests a more stable and successful franchise network.
In 2023, Apricot Lane had 19 Franchised stores cease operations. Of these, one was owned by a multi-unit franchisee, nine were at the end of their terms and decided not to renew, and ten retired their businesses. Understanding the reasons behind terminations and store closures can help a potential franchisee assess the risks and opportunities associated with investing in an Apricot Lane franchise.