What is the deadline for the two party-appointed appraisers to appoint the third appraiser for the All County business valuation?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
We will appoint one appraiser, you will appoint one appraiser and the two party appointed appraisers will appoint the third appraiser.
You and we agree to select our respective appraisers within fifteen (15) days after the date we determine that we are unable to agree on the Business' fair market value, and the two appraisers so chosen are obligated to appoint the third appraiser within fifteen (15) days after the date on which the last of the two party appointed appraisers was appointed.
You and we will bear the cost of our own appraisers and share equally the reasonable fees and expenses of the third appraiser chosen by the two party appointed appraisers.
You and we will take reasonable actions to cause the appraisers to complete their appraisal within thirty (30) days after the third appraiser's appointment.
- 23.6.6. Closing. The purchase price will be paid at the closing of the purchase, which will take place not later than ninety (90) days after determination of the purchase price.
Source: Item 23 — Receipts (FDD pages 43–157)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, if All County and the franchisee cannot agree on the fair market value of the business, a third appraiser must be appointed. The two appraisers, one appointed by All County and one by the franchisee, have 15 days to appoint the third appraiser. This 15-day period begins after the date on which the last of the two party-appointed appraisers was appointed.
This appraisal process is triggered only if both parties cannot come to an agreement on the business's fair market value. The cost of each party's appraiser is borne by that party, while the fees and expenses of the third appraiser are shared equally between All County and the franchisee.
Following the appointment of the third appraiser, all three appraisers are expected to complete their appraisal within 30 days. The closing of the purchase will then occur no later than 90 days after the purchase price is determined. This detailed appraisal process ensures a fair valuation of the All County business in case of disagreement, with specific timelines to keep the process moving efficiently.