What is the requirement regarding the lessor's consent for an Afuri Ramen Dumpling franchise transfer?

According to the 2024 Afuri Ramen Dumpling Franchise Disclosure Document, a condition for transferring a franchise is obtaining the lessor's consent. Specifically, the lessor or sublessor of the franchise premises must consent to the assignment or sublease of the premises to the new franchisee, referred to as the 'Transferee'.

This requirement ensures that the transfer of the franchise location is approved by the property owner, which is a standard practice in franchising. It protects the franchisor, Afuri Ramen Dumpling, by ensuring the new franchisee has a secure location to operate from. It also protects the lessor by ensuring they approve of the new tenant.

For a prospective Afuri Ramen Dumpling franchisee, this means that before a franchise can be transferred, the existing lease agreement must be assignable or a new lease agreement must be negotiated with the lessor, subject to their approval of the new franchisee. This step is critical to finalize the transfer and avoid potential legal or operational issues related to the location.