What is the maximum timeframe for the closing of the purchase of my All County business after the purchase price is determined?

According to All County's 2025 Franchise Disclosure Document, the closing of the purchase of the business will occur no later than 90 days after the purchase price has been determined. This means that once both parties agree on the fair market value of the All County business, the final transaction, including payment, transfer of assets, and all other closing procedures, must be completed within this 90-day window.

This timeframe provides a structured period for both All County and the franchisee to finalize the necessary arrangements for the transfer of ownership. It allows time for legal and administrative tasks, such as transferring licenses and permits, ensuring clear title to assets, and addressing any outstanding obligations. The agreement also specifies that All County has the right to offset any amounts owed to them by the franchisee against the purchase price, which could affect the final amount paid at closing.

For a prospective franchisee, this clause offers clarity on the expected timeline for completing the purchase. It is important to understand all the steps involved in determining the purchase price, as this will directly impact the closing date. Franchisees should also be aware of All County's right to offset debts against the purchase price, as this could influence financial planning for the transaction. Understanding these conditions ensures a smoother transition and avoids potential delays or disputes during the closing process.