What is the condition regarding a series of transfers for All County transfer approval?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
If the transfer is of this Agreement or a controlling interest in you, or is one of a series of transfers which in the aggregate constitute the transfer of this Agreement or a controlling interest in you, all of the following conditions must be met prior to or concurrently with the effective date of the transfer:
20.4.1. Abilities. The transferee and its direct and indirect owners have the moral character, skill, aptitude, attitude, experience, references, credentials, acumen and financial capacity to operate the Business.
20.4.2. Current Accounts. You have paid all Royalties, Ad Fees, amounts owed for purchases from us and all other amounts owed to us or to third party creditors and have submitted all required reports and statements.
20.4.3. Training. The transferee's Managing Owner has agreed to complete training to our satisfaction and does complete training to our satisfaction prior to closing.
20.4.4. Franchise Agreement. The transferee has agreed to be bound by all of the terms and conditions of this Agreement for the remainder of its Term or, at our option, must execute our then current standard form of franchise agreement and related documents used in the state in which your Business is located (which may provide for different royalties, advertising contributions and expenditures, duration and other rights and obligations than those provided in this Agreement).
Source: Item 23 — Receipts (FDD pages 43–157)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, if a transfer is one of a series of transfers that collectively constitute the transfer of the agreement or a controlling interest, specific conditions must be met. These conditions must be satisfied before or at the same time as the transfer becomes effective.
First, the transferee and their owners must demonstrate the necessary moral character, skills, aptitude, experience, and financial capacity to operate the All County business. Second, all outstanding payments, including royalties, advertising fees, and any other amounts owed to All County or third-party creditors, must be settled, and all required reports and statements must be submitted. Third, the transferee's Managing Owner must agree to and complete the training program to All County's satisfaction before the transfer is finalized.
Finally, the transferee must agree to adhere to all terms and conditions of the existing franchise agreement for the remainder of its term. However, All County has the option to require the transferee to execute the then-current standard franchise agreement, which may include different terms regarding royalties, advertising contributions, duration, and other obligations. This ensures that All County maintains consistent standards and practices across its franchise network, even when ownership changes hands through a series of transfers.