What is the condition regarding the transfer of a controlling interest in you 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).
In the event this Agreement is transferred to a third party transferee in accordance with the terms of this Agreement and the remaining Term of this Agreement is two (2) years or less, then you acknowledge that prior to any such transfer you must notify the proposed transferee in writing, with additional written notice to us, that as a required condition of the proposed transfer the transferee must be willing
Source: Item 23 — Receipts (FDD pages 43–157)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, a transfer of a controlling interest in the franchisee requires meeting specific conditions. All owners must be in full compliance with the existing franchise agreement. The transfer can only occur if it includes a transfer of the franchise agreement itself.
Prior to the transfer, the transferee must demonstrate the moral character, skills, aptitude, experience, and financial capacity to operate the All County business. All outstanding royalties, ad fees, and other debts to All County or third-party creditors must be paid, and all required reports submitted. The transferee's managing owner must also complete All County's training program to their satisfaction before the transfer is finalized.
The transferee must agree to be bound by the existing franchise agreement's terms 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. If the remaining term of the agreement is two years or less, the franchisee must notify the proposed transferee that they will be required to execute the current standard franchise agreement.