What happens if I owe money to All County at the time of the purchase of my All County business?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
- 20.4. Conditions for Approval of Transfer. If you and all owners are in full compliance with this Agreement, we will approve a transfer that meets all of our applicable requirements and otherwise meets our applicable standards for ALL COUNTY® businessfranchisees.
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:
- 20.4.2. 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.
Source: Item 23 — Receipts (FDD pages 43–157)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, if you or any owners are not in full compliance with the Franchise Agreement, All County will not approve a transfer of ownership. To gain approval for a transfer, you must have paid all royalties, advertising fees, amounts owed for purchases from All County, and all other amounts owed to All County or to third-party creditors. Additionally, you must have submitted all required reports and statements.
This condition ensures that All County franchisees are in good financial standing before transferring ownership, protecting the brand's reputation and the interests of other franchisees. It also ensures that all financial obligations to All County and its partners are met before a new owner takes over the business.
For a prospective All County franchisee, this means maintaining diligent financial records and ensuring timely payments of all fees and dues. Failure to do so can impede the ability to sell the franchise in the future. It is important to note that this requirement applies not only to amounts owed directly to All County but also to any debts owed to third-party creditors.