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Entrepreneur: Start & Grow Your Business

Apricot Lane

Women's clothing, accessories & gifts

Background

Founded: 1991 Franchising since: 2004
3333 Vaca Valley Pkwy., #500
Vacaville, California 95688
Phone:
(800)425-8883/ (707)451-6890

Franchisee Association
Franchise Advisory Council

Franchisor is a privately-held company with 10 employee(s); 1 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 34 0 0 0
2008 37 0 0 0
2007 36 0 0 1
2006 17 0 0 1
2005 10 0 0 0

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Pennsylvania, Rhode island, South carolina, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming

Costs and Fees

Total investment: $111.4K-212.3K
Franchise fee: $25K
Ongoing royalty fee: 5.5%
Term of agreement: 10 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No Yes
Startup Costs No Yes
Equipment No Yes
Inventory No Yes
Accounts Receivable No Yes
Payroll No Yes

Qualifications
Net worth requirement: $200K
Cash liquidity requirement: $30K

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)

Training and Support

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

Rankings

Franchise 500® rank:
#464 (2008);

Top New Ranking:
#47 (2008);