What is the deadline for applying for Aerus's consent to transfer a franchise interest?
Aerus Franchise · 2025 FDDAnswer from 2025 FDD Document
- B.
If Franchisee or any principal of Franchisee wishes to cause or effectuate a Transfer, the transferor and the proposed transferee must apply to Company for Company's consent not later than sixty (60) days prior to the anticipated closing date of the Transfer.
Franchisee will pay, at the time of the request for Transfer, a Transfer Fee as described in Schedule 3 to reimburse Company for Company's reasonable expenses associated with reviewing the application to Transfer.
Source: Item 23 — Receipts (FDD pages 74–305)
What This Means (2025 FDD)
According to Aerus's 2025 Franchise Disclosure Document, if a franchisee or any principal of the franchisee wishes to transfer their interest, they must apply to Aerus for consent no later than sixty (60) days before the anticipated closing date of the transfer. At the time of the transfer request, the franchisee must also pay a transfer fee, as outlined in Schedule 3, to cover Aerus's expenses for reviewing the transfer application.
This requirement allows Aerus to carefully vet potential new franchisees to ensure they meet the brand's standards and are capable of successfully operating the franchise. The 60-day window provides Aerus with sufficient time to conduct due diligence on the proposed transferee, assess their financial capabilities, and evaluate their operational experience.
It is important to note that Aerus's consent is not guaranteed, and the franchisor has the right to refuse a transfer if the proposed transferee does not meet their criteria. Failing to apply within the specified timeframe could delay or even jeopardize the transfer. Additionally, in the event of the death of a franchisee or principal, the representative of the deceased has twelve months to transfer the interest to a third party approved by Aerus.