Apricot Lane Franchise FDD, Profits, Costs & Fees (2024)
Apricot Lane is a women’s fashion franchise established in 2007 and headquartered in Vacaville, California. The brand was created to provide trendy, accessible fashion and quickly set itself apart by offering the latest runway styles at affordable prices, enabling rapid national expansion.
Originally part of Country Visions, Inc., which started with a retail gift store in 1991, Apricot Lane began franchising in 2008. The franchise supports its owners extensively, aiding in everything from selecting optimal store locations to providing thorough operational training to ensure each boutique’s success.
Today, Apricot Lane remains at the forefront of the fast-fashion industry, empowering women as both customers and franchise owners. The brand continues to innovate, consistently delivering contemporary fashion trends to its clients at competitive prices, reinforcing its position as a leader in the sector.
Apricot Lane Franchise Stats
Apricot Lane
Number of units: 112 franchises
Initial investment: $156,000 - $347,000
Average revenue (AUV): $360,000
Initial Investment
How much does it cost to start a Apricot Lane franchise? It costs on average between $156,000 – $347,000 to start a Apricot Lane franchised center.
This includes costs for construction, equipment, inventory, and initial operating expenses. The exact amount depends on various factors, including the location, and whether the franchisee chooses to lease or purchase the property.
Type of Expenditure | Amount |
---|---|
Initial Franchise Fee | $40,000 – $55,000 |
Real Estate/1st month rent | $0 – $10,000 |
Deposits (Lessor, Utilities, Providers) | $0 – $5,000 |
Store Designer/Architect | $10,000 – $12,000 |
Plan Review Fee | $0 – $2,000 |
Construction/Leasehold Improvements | $0 – $100,000 |
Center Construction Fees & Demolition | $0 – $3,000 |
Cash Wrap | $500 – $5,000 |
Flooring & Installation | $1,000 – $10,000 |
Display Fixture Package, Bags and Boxes | $4,000 – $15,000 |
Computer & Software (See Item 11) | $9,000 – $12,000 |
Initial Inventory | $35,000 – $45,000 |
Insurance Deposit | $0 – $1,000 |
Exterior Signs | $13,000 – $14,000 |
Expenses While Training | $2,500 – $5,000 |
Grand Opening, Pre- and Post-Opening Marketing | $10,000 – $12,000 |
Grand Opening Marketing Fee | $0 – $2,000 |
On-Site Store Opening and Visual Merchandising | $3,000 – $5,000 |
Initial Store Marketing & POP Package | $2,000 – $2,000 |
Office Equipment, Furniture & Supplies | $1,000 – $3,000 |
Lease Negotiations and Lease Legal | $5,000 |
In Store Music/Video System | $500 – $2,000 |
Professional Fees | $500 – $1,000 |
Additional Funds 3 months | $20,000 – $40,000 |
Total Estimated Initial Investment | $156,000 – $347,000 |
Average Revenue (AUV)
How much revenue can you make with a Apricot Lane franchise? A Apricot Lane franchised business makes on average $360,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $691,000 yearly revenue for similar fashion franchises. Below are 10 Apricot Lane competitors as a comparison:
Apricot Lane Franchise Disclosure Document
Frequently Asked Questions
How many Apricot Lane locations are there?
As of the most recent data, Apricot Lane Boutique has more than 115 locations across the United States. All these stores are franchise-owned, with each franchisee curating a selection tailored to local preferences and community needs.
What is the total investment required to open a Apricot Lane franchise?
The total investment required to open a Apricot Lane franchise ranges from $156,000 to $347,000.
What are the ongoing fees for a Apricot Lane franchise?
Apricot Lane franchisees pay a royalty fee of 5.5% of their gross revenues, which covers the franchisor’s support and operational resources. Additionally, there is a 1% marketing fund fee, dedicated to brand-wide advertising and promotional efforts.
What are the financial requirements to become a Apricot Lane franchisee?
To become an Apricot Lane franchisee, candidates must meet specific financial requirements, including a minimum net worth of $250,000 and at least $100,000 in liquid capital. These financial benchmarks ensure that potential franchisees have the financial foundation to cover initial investment costs and support ongoing operational expenses during the critical early phases of business.
How much can a Apricot Lane franchise owner expect to earn?
The average gross sales for a Apricot Lane franchise are approximately $0.36 million per location. Assuming a 15% operating profit margin, $0.36 million yearly revenue can result in $54,000 EBITDA annually.
Who owns Apricot Lane?
Apricot Lane is owned by Country Visions, Inc., a company based in California. Country Visions, Inc. established Apricot Lane Boutique as a franchise concept specializing in women’s fashion and accessories, offering a unique boutique experience.
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