Must all monetary obligations to Amorino be up to date before a franchisee can transfer their Amorino franchise?

According to Amorino's 2025 Franchise Disclosure Document, a franchisee must be current on all financial obligations to Amorino and its affiliates before a transfer of the franchise will be approved. Specifically, all accrued monetary obligations, as well as any other outstanding obligations related to the store, must be fully paid and satisfied.

This requirement ensures that Amorino does not have to deal with outstanding debts or unresolved financial issues when a franchise changes hands. It protects Amorino's financial interests and maintains the integrity of the franchise system. This is a fairly standard practice in franchising, as franchisors typically want to ensure that franchisees are in good standing before allowing them to transfer their business.

In addition to settling all monetary obligations, the franchisee must also be in full compliance with the franchise agreement and any other agreements with Amorino or its suppliers. The prospective buyer must also meet Amorino's standards for franchisees and execute Amorino's current form of franchise agreement. Meeting all of these conditions is necessary for Amorino to consider a franchise transfer.