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Apricot Lane

2014 Franchise 500
#270
At a Glance

Products & Services: Women's clothing, accessories, gifts

Number of Locations: 88

Total Investment: $127.8K - $375.3K

Founded: 1991

Began Franchising: 2004

About Apricot Lane

Apricot Lane is franchised by Country Visions, a company started by former firefighters and furniture retailers Ken Peterson and Tom Brady. The partners are also behind Country Clutter, a gift and collectibles store founded in 1991. As they began adding fashion accessories to their merchandise, Apricot Lane evolved. Apricot Lane boutiques sell branded women's fashion apparel, jewelry, handbags and accessories.

Franchise Units

Year U.S. Canadian International Company Owned
2014 88 0 0 0
2013 88 0 0 0
2012 67 0 0 0
2011 54 0 0 0
2010 39 0 0 0
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $127,800 - $375,300
Franchise Fee: $29,500
Ongoing Royalty Fee: 5.5%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $250,000
Liquid Cash Available: $100,000
Operations
5% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 5 - 5. Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 1 week. At franchisee's location: 1 week. Home learning program : 2 weeks.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation

Franchise Ranking History

Franchise 500®: #270 (2014), #252 (2013), #386 (2012), #487 (2011), #345 (2010),

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