Apricot Lane Boutique Franchise Startup Information, Locations, Revenue and Profit
Founded by the Trio of Scott Jacobs, Ken Petersen (who doubles as its CEO) and Tom Brady, Country Visions Inc. franchisors of Apricot Lane Boutique specialize in the provision of fashion products and accessories for women. Such include body products, fashion accessories and branded apparel.
The Apricot Lane Boutique provides world class services to its client through the use of innovative marketing and adoption of best practices within the fashion industry.
Founded in 1991, Country Visions Inc. Apricot Lane Boutique’s parent company opened its doors for investment through the establishment of its franchising arm in 2004. This franchise opportunity has since witnessed a tremendous growth with several franchisees buying into its franchise opportunity.
Its corporate headquarters is located at Vacaville, California. The Apricot Lane Boutique franchise promises interested franchise candidates an investment opportunity that will be worth their time.
The Benefits of Owning an Apricot Lane Boutique Franchise
Interested investors/franchise candidates stand to benefit immensely from this franchise offering. Some of the benefits promised by the franchisor include a strong support system where franchisees are guided throughout the period of ownership of their franchise opportunity to ensure that their franchises are well run. This has led to a win-win situation for both franchisee and franchisor.
Also, the Apricot Lane Boutique offers financing in key areas to qualified franchisees. Apart from financing, there is a marketing support in place in addition to an ongoing support covering vital areas. On the whole, one can say the Apricot Lane Boutique franchisee is well covered in areas most relevant to the success of the franchise.
The required number of employees needed to efficiently run an Apricot Lane Boutique is low. This means that the franchisee will have a much reduced overhead cost that would have gone into payment of worker’s wages as only a few workers are needed.
Apricot Lane Boutique Start-Up Cost
To own an Apricot Lane Boutique, there are associated start-up costs the franchisee must incur. These start-up costs are in the form of an Initial Investment sum starting from $135,850 to $341,800, a Net-Worth requirement of $250,000, and a Liquid Cash requirement of $100,000. These start-up costs are mandatory to all interested franchisees as they form the criteria for ownership qualification.
Apricot Lane Boutique Franchise Fee
Apricot Lane Boutique franchise requires prospective franchisees to pay a franchise fee starting from $34,500 to $38,500. The franchise fee gives full access to the franchisors range of services and support. However, there is a financing option that can be taken advantage of.
Only qualified franchisees benefit from this financing option offered by the franchisor. The financing option is in the form of a third-party financing arrangement between the franchisor and a third party source that covers the franchise fee.
Apricot Lane Boutique Franchise Ongoing Costs
There are ongoing costs that franchisees are required to pay. These ongoing costs are usually in the form of an Ongoing Royalty fee of 5.5% and an Advert Royalty fee of 1%. The ongoing costs to be paid depend on the size of the franchise.
For larger franchise owners, Apricot Lane Boutique will demand a higher ongoing cost as opposed to smaller sized owners of the Apricot franchise who typically pay lower ongoing costs.
Apricot Lane Boutique Franchise Training and Support
Both new and existing Apricot Lane Boutique franchisees are guided through a period of training to ensure that all the required knowledge and insights necessary for successful handling of the franchise is transferred. This training is split in two. The first is provided at the franchisor’s headquarters, and lasts for 40 hours, while the second training is in the form of an on-site training arrangement lasting for 40 hours also.
Additional training is also provided in the form of a home learning program arrangement. This eliminates stress as franchisees are able to learn from the comfort of their homes.
In the area of support, Apricot Lane Boutique offers both new and existing franchisees an extensive support in several areas that include marketing support in the form of ad slicks and ongoing support that covers field operations, a newsletter publication that highlights developments and innovation within the fashion industry.
Other areas of support include the provision of internet services, a grand opening ceremony, meetings and the provision of security.
Apricot Lane Boutique Franchise Terms of Agreement/Renewal
Apricot Lane Boutique franchise has a term of agreement/renewal arrangement that allows franchisees who have performed creditably well after their first term of 10 years to renew their contract for 2 more terms of 5 years each with the franchisor.
How to Start an Apricot Lane Boutique Franchise?
Owning an Apricot Lane Boutique franchise is very easy as the franchisor has a very friendly and easy to navigate website. Interested franchise candidates can choose to either chat with an online representative who will guide them through the application process or choose to apply through the online application form available on its website https://www.apricotlanefranchise.com/ whichever the case, after the application process, the franchisor will contact successful candidates using the contact details supplied for further investment discussions eventually leading to ownership.
This article has provided information on the Apricot Lane Boutique franchise. For franchise candidates interested in this franchise opportunity, it is advised that the franchisor’s website should be visited to check for any updates to the information provided here as the franchisor reserves the right to make any changes to its terms of business.