IS APRICOT LANE RIGHT FOR YOU?
Determining “fit” is very important to us. Some business management or retail experience is a plus, but it is not required. We look for qualified individuals who demonstrate most of these characteristics:
• Loves to work with people
• Strong people skills
• A sense of fashion
• Strong organizational skills
• Financial stability
• A commitment to grow and learn
INVESTMENT & OTHER FINANCIAL REQUIREMENTS
The typical investment is $290,000 for the first time franchisee, and this includes the Initial Franchise Fee of $29,500. The high and low range based on historical experience is $130,500 to $404,800 (see 2016 Franchise Disclosure Document for details). Some of this investment may be offset by negotiated construction allowances and/or concessions during lease negotiations.
If you are planning to obtain financing you will need a minimum of $75,000 in cash or liquid assets, in addition to the collateral to apply against the remainder of a loan. Although Apricot Lane Boutique does not provide in-house financing, we can refer you to one of our preferred lenders.
WHAT DOES THE INVESTMENT COVER?
The initial investment includes everything you will need to open your doors such as store design, inventory, furniture and fixtures, equipment, site selection and leasing consultant, working capital, on-site training and in-store merchandising.
Most franchise candidates find they can fund their business by accessing capital they already have available through the equity in their home or by accessing qualifying retirement plans such as a 401k without incurring penalties or experiencing tax consequences. Financing options may also include third party (family, friends, existing business partners) or traditional bank loans.
CLICK HERE for more information on SBA loans and other financing options.