Apricot Lane Boutique is known as one of the top women’s fashion boutiques. If you’re looking to broaden your business interests, then an Apricot Lane Boutique Franchise could be a fantastic opportunity for you.
This is considered one of the best clothing franchises to own.
In this piece, we will cover all the details about the Apricot Lane Boutique franchise, including its profit, franchise fee, investment, and other costs. So, let’s get started.
About Apricot Lane Boutique
In 1996, Apricot Lane Boutique was founded by Ken Petersen, Tom Brady, and Scott Jacobs.
It is a retail store that sells fashion apparel, accessories, bath and body products, gifts, wall décor, and other merchandise under the mark “Apricot Lane.”
In 2004, Apricot Lane Boutique started offering franchises, and now it has a comprehensive market of 82 units across the nation.
The business model of Apricot Lane Boutique is very flexible, and the policies of the franchise are not rigid as others. A candidate can buy an Apricot Lane Boutique franchise without any prior experience.
However, it requires you to put in the cost of investment which is relatively low compared to other retail stores.
They also provide third-party finance and a $5,000 reduction on the franchise fee as a veteran discount to eligible candidates.
Moreover, they also provide in-depth training programs and different kinds of support to all new franchisees to enhance the franchise business.
Apricot Lane Boutique Franchise Model
|Initial Investment||$80,000 – $361,800|
Training & Support Of Apricot Lane Boutique
Apricot Lane Boutique offers a training program for all new franchisees, and it’s made up of three parts.
The first part is about getting started and learning the basics. Every new franchisee has to finish this part. Once that’s done, the second part begins.
In the second part, there’s training for three days at a specific boutique. After that, the third and final part takes place.
The last part is a test, where the franchisees will be checked to make sure they know what they need to. This is called the certification phase.
Apricot Lane Boutique Franchise Revenue & Profit
The revenue and profit of the Apricot Lane Boutique franchise can vary depending on the store’s size, location, operating expenses, number of employees, etc.
Unfortunately, there is no data available regarding the revenue and profit of the Apricot Lane Boutique franchise.
However, we have seen that, as per the industry standard, clothing store franchises make $80,000 a year on average. So, you can expect to make a similar kind of profit with the Apricot Lane Boutique franchise.
Failure Rate Of Apricot Lane Boutique
|Year||Outlets at the Start of the Year||Outlets at the End of the Year||Net Change|
For the Franchised outlets:
- In 2018, the failure rate was (4)/67×100≈5.97%
- In 2019, the growth rate was (10)/63×100≈15.87%
- In 2020, the failure rate was (3)/73×100≈4.11%
According to the above-mentioned data, we can see that the franchised outlets for Apricot Lane Boutique grew only in 2019, showing a growth rate of 15.87%.
In the years 2018 and 2020, the company experienced a decline in the number of outlets, showing a failure rate of 5.97% and 4.11%.
Term Of Agreement & Renewal
The initial length of the term of the Apricot Lane Boutique agreement is 10 years. After the expiry of the initial term, the option of renewal term is available for two consecutive terms of 5 years each, but only if franchisees have met the conditions required by the franchisors.
Financial Assistance Apricot Lane Boutique
Apricot Lane Boutique does not offer direct or indirect financing. The franchisors are not responsible for any franchisees’ promissory note, lease, or other obligations.
However, the franchisors allow third-party financing and other sources of financing and may provide a $5,000 reduction on the franchise fee to the candidates who are eligible for a veteran’s discount.
Apricot Lane Boutique Comparison
|Company||Apricot Lane Boutique||Mainstream Boutique|
|Initial Investment||$80,000 – $361,800||$160,800 – $306,350|
|Annual Revenue||$7 Million||$2.5 Million|
Frequently Asked Question
How many Apricot Lane Boutique franchises are there?
Apricot Lane Boutique has more than 82 units across the U.S.
Does the Apricot Lane Boutique franchise offer financial assistance?
Yes, the Apricot Lane Boutique franchise offers third-party finance to franchisees.
Where is Apricot Lane Boutique headquartered?
The headquarters of Apricot Lane Boutique is located in Vacaville, California.
Is Apricot Lane Boutique a franchise?
Apricot Lane Boutique is a Powerhouse of clothing boutique franchise brand that offers opportunities to women of all ages.
How much does the Apricot Lane Boutique franchise cost?
The franchise fee for Apricot Lane Boutique is $39,500, and the total estimated investment is $80,000 – $361,800.
Who founded Apricot Lane Boutique?
Apricot Lane Boutique is a result of a unique partnership of Ken Peterson, Tom Brady, and Scott Jacobs.
Amit Gupta is an experienced expert in digital marketing and co-founder of DrFranchises. With more than 11 years of knowledge in franchise digital marketing, SEO, email marketing, and social media marketing, Amit has helped many brands achieve incredible success online. As a passionate entrepreneur and owner of 7 franchises, he continues to study franchise models, looking at costs, revenue, and profitability to guide brands toward profitable growth. When he’s not working on digital marketing, Amit enjoys spending time playing with his beloved dog.