If you’re wondering what it might cost to invest in a franchise, and are specifically interested in an Apricot Lane Boutique opportunity, you may be pleasantly surprised to learn that ours is one of the most affordable franchise investments out there! Our brand is all about making Apricot Lane Boutique as accessible to as many investors as possible, particularly entrepreneurially-minded women who want to take control of their lives and their careers. With that in mind, let’s take a brief look at what in investment in our brand looks like, and more importantly, what it gets you.
Franchise Fee and Royalties
All franchise brands charge a one-time franchise fee as a requisite of doing business under the brand name, and Apricot Lane is no different. In our case, we charge $34,500 for your first boutique location, and $15,000 for each additional store you’d like to open. These fees grant you access to our name, our proprietary logos and resources, and our time-tested business model that takes a lot of the guesswork out of running your boutique. When you invest in a franchise with Apricot Lane Boutique, you also get access to our operations manual and our cache of marketing and advertising materials that’ll make it easy for you to get the word out and reach your target customers.
In addition to the franchise fee, you’ll also be asked to pay a bi-monthly royalty fee of 5.5% of your gross sales, and an advertisement development fee of 1% to help offset the cost of marketing your store. In total, typical start-up costs run around $150,000, exclusive of working capital, and that number could vary, depending on the size and location of your boutique. Even so, Apricot Lane Boutique remains one of the most affordable and robust franchise opportunities out there, as dozens of our franchisees can attest!
Brand Name Recognition
Apricot Lane is extremely proud to be recognized as a leader in the fast-fashion industry, and when you invest in your own Apricot Lane Boutique, you’ll be recognized as that, too. Even if you have no prior experience in fashion or retail, our comprehensive training and support will make sure you’re up to speed and ready to take advantage of everything that comes with our respected name. Before you know it, you’ll likely make a name for yourself in your community as a one-stop shop for the very latest in on-trend and classic clothing lines and accessories, and women of all ages will love that your inventory changes regularly and can’t be found in other stores. From the simplest scarf to the prettiest earrings to the hippest skirts, dresses and jeans, Apricot Lane has it all — and all at affordable prices.
In short, your investment gets you plenty! You can count on a highly respected and recognized brand name, proprietary manuals, resources and vendor relationships, software and hardware that’ll make running your business easier, and training and support for as long as you’re a part of the Apricot Lane family.
So, what are you waiting for? Now might be the perfect time to invest in a franchise with Apricot Lane Boutique! For more information, get in touch today.