Franchising Since: 2004
Headquarters: Fairfield, California
Estimated Number of Units: 110
Franchise Description: The name of the franchisor is Country Visions, Inc. The franchise is for a retail specialty store selling, fashion apparel and accessories, bath and body products, gifts, wall decor and other merchandise under the mark “Apricot Lane.”
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Territory Granted: Franchisees have the right to operate the Apricot Lane store at a specific location within the protected area described in the Franchise Agreement. While there is no minimum size for a protected area, the franchisor typically will define a protected area as follows: (1) if the store is inside an enclosed mall, the protected area is limited to the mall property; (2) for stores that are part of a larger facility, the protected area is limited to the shopping center, entertainment complex, tourist attraction (e.g., amusement park, museum, etc.) or other facility in which the site is located; or (3) for stores at stand-alone locations, the protected area is typically defined as a one- to two-mile radium from the store, but will depend on the market. The protected area is only protected to the extent that neither the franchisor nor any affiliate will locate either a company-owned or franchised Apricot Lane within the protected area during the term of the Franchise Agreement.
Obligations and Restrictions: The franchised business must at all times be under the franchisee’s on-premises management and supervision except where delegation of this duty to a manager is permitted. Franchisees must devote full time and best efforts to the management and operation of the franchised business except as set forth in the Franchise Agreement. The franchisor has the right to add to or otherwise modify the required purchases and vendor lists at its discretion. Franchisees must maintain an inventory reasonably adequate to meet the needs of customers. The franchisor has the right to require the franchisee to carry a minimum dollar amount of merchandise.
Term of Agreement and Renewal: The length of the initial franchise term is 10 years beginning on the first day of the lease term for the premises. If franchisees are in good standing, they can renew for two additional successive terms of five years each.
Financial Assistance: The franchisor does not offer direct or indirect financing. The franchisor does not guarantee a franchisee’s note, lease or obligation. The franchisor may provide a $5,000 reduction on the initial franchise fee to veterans of U.S. Armed Forces who meet the criteria.
Estimated Initial Investment
Name of Fee | Low | High |
Initial Franchise Fee (first store) | $39,500 | $39,500 |
Real Estate/1st month rent | $0 | $10,000 |
Deposits (Lessor, Utilities, Providers) | $0 | $5,000 |
Store Designer/Architect | $10,000 | $12,000 |
Plan Review Fee | $0 | $1,500 |
Construction/Leasehold Improvements | $0 | $100,000 |
Center Construction Fees & Demolition | $0 | $2,500 |
Cash Wrap/Associated Millwork Package | $13,000 | $15,000 |
Flooring & Installation | $1,000 | $10,000 |
Display Fixture Package, Bags and Boxes | $4,000 | $15,000 |
Computer & Software | $9,000 | $12,000 |
Initial Inventory | $35,000 | $45,000 |
Insurance Deposit | $0 | $3,500 |
Exterior Signs | $13,000 | $14,000 |
Expenses While Training | $2,500 | $5,000 |
Grand Opening, Pre- and Post-Opening Marketing | $10,000 | $12,000 |
Grand Opening Marketing Fee | $0 | $1,500 |
On-Site Store Opening and Visual Merchandising | $3,450 | $4,500 |
Initial Store Marketing & POP Package | $1,500 | $1,800 |
Office Equipment, Furniture & Supplies | $1,000 | $2,500 |
Lease Negotiations and Lease Legal | $5,000 | $5,000 |
In Store Music/Video System | $500 | $2,000 |
Professional Fees | $500 | $1,000 |
Additional Funds - 3 months | $20,000 | $40,000 |
ESTIMATED TOTAL (for first store) | $168,950 | $360,300 |
Other Fees
Type of Fee | Amount |
Royalty Payments | 5.5% of gross revenues. |
Option Fee | $15,000 |
Advertising and Development Fund | 1% of gross revenues. |
Marketing and Advertising Coverage Area (MACA) Payments | The franchisee’s share of the advertising expense for the MACA not to exceed $4,000 a year. |
Outside Service Fee | $1,000 |
Late Fees | $5 per day for each day the royalty or other payment or reports are late. |
Finance Charge | Lower of 18% or highest legal rate for open account business credit accrued from due date. |
Transfer Fee | $30,000 |
Field Visits | Cover the franchisor’s travel expenses only. |
Relocation | Reasonable costs incurred by franchisor. |
Audit | Cost of an inspection or audit. |
Insurance | Premiums for required insurance and franchisor’s costs and expenses. |
Indemnification | Cost of defending and indemnifying Country Visions if claims are made against the franchisor because of the franchisee’s franchised operations. |
Liquidated Damages | Varies based on unexpired term of the franchisee’s franchise agreement. Maximum is amount equal to prior 36 months of royalty payments. |
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