For Aira Fitness, is there a specific form of application for consent to transfer?

According to Aira Fitness's 2025 Franchise Disclosure Document, a specific form is required when applying for consent to transfer a franchise. The document states that the application for consent to a transfer and tender of the right of first refusal must be made by submitting Aira Fitness's form of application for consent to transfer. This form must be accompanied by required documents, including a copy of the proposed purchase or other transfer agreement, and any other required information.

This requirement ensures that Aira Fitness has a standardized process for evaluating potential transferees and maintaining consistency within the franchise system. By using a specific form, Aira Fitness can gather all necessary information to assess the transferee's qualifications, financial stability, and commitment to upholding the brand's standards. The application must also indicate whether the current franchisee or an owner proposes to retain a security interest in the property to be transferred, and no security interest may be retained or created without Aira Fitness's prior written consent and except upon conditions acceptable to them.

Furthermore, any agreement used in connection with a transfer is subject to Aira Fitness's prior written approval, which will not be unreasonably withheld. This provision protects both the franchisor and the franchisee by ensuring that the terms of the transfer are fair and reasonable. It also allows Aira Fitness to maintain control over the transfer process and ensure that the transferee is a suitable candidate to operate the franchise.

In summary, prospective Aira Fitness franchisees should be aware that transferring their franchise requires completing a specific application form provided by Aira Fitness and obtaining their written consent. This process is designed to protect the interests of all parties involved and maintain the integrity of the Aira Fitness brand.