What happens if a new owner joins an Alloy franchise after the initial agreement date?

Based on the 2025 Franchise Disclosure Document, the document does not specify the procedure or requirements if a new owner joins an Alloy franchise after the initial agreement date. The FDD does outline various obligations and conditions related to the initial franchise agreement, renewals, and the franchisee's responsibilities, but it does not directly address scenarios involving changes in ownership during the franchise term. The document does state that the franchisee must receive written confirmation from Alloy that they meet the then-current standards for franchisees, including financial capability criteria for the development of a new Facility.

Given the absence of specific details regarding new owners, prospective franchisees should seek clarification from Alloy regarding the process, conditions, and any associated fees or requirements for transferring ownership or adding new owners to an existing franchise. Understanding these aspects is crucial for franchisees who may consider changes in their business structure or ownership during the term of their agreement.

Inquiring directly with Alloy will provide potential franchisees with a clear understanding of the procedures and potential implications of changes in ownership, ensuring they are well-prepared for any future transitions within their franchise business. This information is essential for making informed decisions and maintaining compliance with Alloy's policies.