When transferring an Afuri Ramen Dumpling franchise, who is responsible for refurbishing, remodeling, and replacing the Franchise Premises?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
| P. | Transferee will refurbish and remodel the Franchise Premises, and will refurbish, remodel and/or replace |
|---|---|
| the fixtures, equipment and signage to conform to the current Operations | |
| Manual and System | |
| within 90 days of transfer. | |
| This includes:] |
Source: Item 23 — Receipts (FDD pages 50–189)
What This Means (2024 FDD)
According to Afuri Ramen Dumpling's 2024 Franchise Disclosure Document, the responsibility for refurbishing, remodeling, and replacing the franchise premises during a transfer falls on the transferee. The transferee is required to ensure that the premises, including fixtures, equipment, and signage, conform to the current operations manual and system standards.
This refurbishment and remodeling must be completed within 90 days of the transfer. This requirement ensures that the Afuri Ramen Dumpling franchise maintains a consistent brand image and operational standard even after ownership changes.
For a prospective franchisee, this means that if they plan to transfer their Afuri Ramen Dumpling franchise to someone else, the new owner will need to be prepared to invest in updating the restaurant to meet the current brand standards. This could involve significant costs, and it's essential to factor this into the transfer agreement and financial planning.