What representation does the Anago franchisee make regarding their intent to sell or transfer the franchise?
Anago Franchise · 2025 FDDAnswer from 2025 FDD Document
- (d) No Speculative Intent. You are not obtaining this Unit Franchise for speculative or investment purposes and have no present intention to sell or transfer or attempt to sell or transfer any part of this Agreement or the Anago Unit Franchise.
Source: Item 23 — RECEIPTS (FDD pages 62–298)
What This Means (2025 FDD)
According to Anago's 2025 Franchise Disclosure Document, as part of the agreement, the franchisee represents that they are not acquiring the franchise for speculative or investment purposes. Specifically, the franchisee confirms they have no current intention to sell or transfer any part of the agreement or the Anago Unit Franchise. This representation is a condition of Anago awarding the franchise.
This clause ensures that Anago is partnering with individuals committed to actively operating and developing the franchise, rather than those looking to quickly flip it for profit. It reflects Anago's interest in maintaining stability and consistent quality within its franchise network.
However, this does not prevent a franchisee from later deciding to sell or transfer the franchise, provided they adhere to the transfer conditions outlined elsewhere in the agreement. It simply confirms their initial intent upon entering the agreement.