What items does the transferee assume possession and control of during an Afuri Ramen Dumpling franchise transfer?

According to the 2024 Afuri Ramen Dumpling Franchise Disclosure Document, a transferee in a franchise transfer assumes possession and control of specific assets located at the franchise premises. These assets include equipment, furnishings, signs, supplies, inventory, advance paid deposits, and other personal property and fixtures.

This means that when a franchisee sells their Afuri Ramen Dumpling location to a new owner (the transferee), the new owner takes over the physical assets necessary to run the business. This ensures a smooth transition, as the transferee has immediate access to the tools and resources required for operation.

However, the agreement also notes an exception, implying that certain items might be excluded from this transfer of possession and control. A prospective Afuri Ramen Dumpling franchisee should clarify with the franchisor what specific items might be excluded during a transfer to fully understand the scope of assets they will be acquiring.