- 2024 Franchise 500 Rank
-
#369 Not ranked last year
- Initial investment
-
$146K - $341K
- Units as of 2023
-
114 62.9% over 3 years
Apricot Lane Boutique is a fashion boutique franchise boasting a line of branded apparel, accessories, bags, trinkets, and other fashion basics. Everyone is looking for the latest trends without paying a fortune, which is how Apricot Lane wants to satisfy its customers.
At the heart of the Apricot Lane brand is a business that uplifts and empowers women. From its humble beginnings as a family-owned gift shop in California, the boutique has grown into a thriving brand with dozens of locations all over the U.S. The company attributes this level of success to its smart and passionate franchise owners.
Why You Should Start an Apricot Lane Boutique Franchise
Investing in an Apricot Lane Boutique can launch you into the big and rewarding world of fashion franchises. Its business model, dedicated support, affordable startup costs, and the women who keep the business alive speak volumes and showcase its success.
In every aspect of the operation, whether it’s merchandising or marketing, the franchise team will be there to ensure you’re doing everything right, ensuring that you duplicate the benefits that existing franchise owners have been reaping for years.
The Apricot Lane Boutique franchise gives you the advantage of introducing new trends ahead of your competitors while keeping your prices friendly—a formula that has worked for existing owners in encouraging brand loyalty.
What Might Make Apricot Lane Boutique a Good Choice?
To open a franchise, you will of course need to make an initial investment, encompassing the franchise fee as well as other costs involved in getting the business up and running. But compared to many other retail franchises, Apricot Lane’s initial investment is relatively low, with the average franchisee able to start the business for well under $500,000. And with your franchise fee and ongoing royalty fee come the benefits of a known brand name, proven business system, and franchisor support. If you want to obtain financing, you might need some form of liquid cash or liquid assets on top of the collateral necessary for the rest of the loan. This type of loan is usually through a third party that the company can happily link you up to and provide assistance with. With help like this, the requirements for opening a boutique can be more easily attainable.
How to Open Your Own Apricot Lane Boutique Franchise
Thankfully, Apricot Lane Boutique makes the process of how to open a boutique store easy. Franchising with the company typically includes an introductory call from the company’s franchise development specialist, followed by a series of emails called "Believe."
A crucial part of the process is finding the right location, and the team will be there to help you. They will send someone from the company, sometimes the CEO, to guide you as you search for opportunities.
Once you have made a final decision to open an Apricot Lane Boutique franchise, and the company believes that you will be a good addition to the family, you may sign your franchise agreement, pay the necessary fees, and buckle down to work in preparation for your opening.
Company Overview
About Apricot Lane Boutique
| Industry | Retail |
|---|---|
| Related Categories | Apparel & Accessories, Miscellaneous Retail Businesses |
| Founded | 1991 |
| Parent Company | Country Visions Inc. |
| Leadership | Chris Lanning, President & CEO |
| Corporate Address |
1339 Oliver Rd., #A Fairfield, CA 94534 |
| Social | Facebook, Twitter, LinkedIn, Instagram, YouTube, Pinterest |
Business Overview
| Franchising Since | 2004 (20 years) |
|---|---|
| # of employees at HQ | 20 |
| Where seeking |
This company is offering new franchises throughout the US. |
| # of Units | 114 (as of 2023) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Apricot Lane Boutique franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$39,500 |
|---|---|
|
Initial Investment
|
$146,000 - $341,300 |
|
Net Worth Requirement
|
$250,000 |
|
Cash Requirement
|
$80,000 |
|
Veteran Incentives
|
$5,000 off franchise fee |
|
Royalty Fee
|
5.5% |
|
Ad Royalty Fee
|
1% |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | Apricot Lane Boutique has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 21 hours |
|---|---|
| Classroom Training | 135 hours |
| Ongoing Support |
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Ad Templates
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 3-12 |
|
Are exclusive territories available?
|
No |
Franchise 500 Ranking History
Compare where Apricot Lane Boutique landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Apricot Lane Boutique ranked on other franchise lists? Find out below.
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