Does Annex Brands require a proposed transferee to be of good moral character?

According to Annex Brands's 2025 Franchise Disclosure Document, a proposed transferee must be of good moral character to gain approval from Annex Brands. Specifically, if a franchisee wishes to transfer their franchise, Annex Brands will assess the proposed transferee based on their standards for franchisees at that time.

Annex Brands states that they will not unreasonably withhold approval of a transfer request if the franchisee is in full compliance with all agreements and the request meets all applicable requirements. One of these requirements is that the proposed transferee and their owners must be individuals of good moral character.

This requirement ensures that new franchisees entering the Annex Brands system meet certain ethical and professional standards. Prospective franchisees should be aware that any potential buyers they consider for their franchise must undergo this evaluation, which could impact the sale or transfer of their business.