What information can Alloy furnish to proposed assignees regarding the Alloy facility and proposed transfer?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
ur prior written consent and except upon conditions acceptable to us. Any agreement used in connection with a transfer will be subject to our prior written approval, which approval will not be withheld unreasonably. You immediately must notify us of any proposed transfer and must submit promptly to us the application for consent to transfer and any other required documents and information.
Source: Item 23 — RECEIPTS (FDD pages 69–245)
What This Means (2025 FDD)
Based on the 2025 FDD, Alloy does not specify what information it will furnish to proposed assignees regarding the Alloy facility and proposed transfer. However, the FDD does state the franchisee's duties when transferring their franchise.
Specifically, the franchisee must immediately notify Alloy of any proposed transfer and promptly submit the application for consent to transfer, along with any other required documents and information. The application must indicate whether the franchisee or an Owner proposes to retain a security interest in the property to be transferred. Any agreement used in connection with a transfer will be subject to Alloy's prior written approval, which will not be unreasonably withheld.
To gain a comprehensive understanding of what information Alloy provides to potential assignees, a prospective franchisee should directly ask Alloy for clarification during their due diligence. This will ensure they are fully informed about the transfer process and what information is shared with potential buyers.