What was the total value of other non-current assets for Apricot Lane in 2024?

According to Apricot Lane's 2025 Franchise Disclosure Document, the total value of other non-current assets in 2024 was $987,765. These assets include the security deposit of $2,500 and notes receivable, less current portion, of $985,265. There was no right-of-use lease asset listed for 2024.

Non-current assets are those not expected to be converted to cash within one year. For a potential Apricot Lane franchisee, understanding the composition and value of these assets provides insight into the company's long-term financial health and stability. The notes receivable, which make up the bulk of other non-current assets, could represent loans to franchisees or other related parties.

A franchisee should consider the implications of these non-current assets. For example, a large notes receivable balance might indicate that Apricot Lane is actively involved in financing its franchisees, which could be a positive sign. However, it also carries the risk of default if these receivables are not collectible. Reviewing the trend of these assets over time, as well as their performance, is crucial for assessing the overall financial risk and stability of the franchise system.

Prospective franchisees should inquire about the nature of the notes receivable, the terms of repayment, and the historical collection rates to better understand the risk associated with this asset. Additionally, understanding the details of the security deposit and its purpose can provide further insight into Apricot Lane's financial practices.