What franchisee characteristics does Aw rely upon when granting a franchise?

According to Aw's 2025 Franchise Disclosure Document, Aw grants franchises to individuals who meet their qualifications and are willing to invest the necessary resources and effort to own and operate a Papa Ray's Pizza Restaurant in accordance with the System. Aw emphasizes that the rights and duties created by the franchise agreement are personal to the franchisee. Therefore, Aw grants the franchise based on the individual or collective character, skill, aptitude, attitude, business ability, and financial capacity of the franchisee and their owners.

This means that Aw places a significant emphasis on the personal attributes and capabilities of potential franchisees. They are not just looking for someone with the financial means to invest, but also someone with the right character, skills, and attitude to successfully operate a Papa Ray's Pizza Restaurant. This is a common practice in franchising, as the success of a franchise location often depends on the franchisee's ability to follow the franchisor's system and maintain brand standards.

Furthermore, Aw requires that all information provided by the franchisee in applications and financial statements be true, complete, and accurate, as Aw relies on this information when granting the franchise. This highlights the importance of honesty and transparency in the application process. Any misrepresentation or omission of information could potentially jeopardize the franchise agreement.

In the event of a transfer of ownership, Aw also considers the character, business experience, aptitude, and financial resources of the proposed assignee. This ensures that any new owner meets Aw's standards for franchisees and is capable of successfully operating the Papa Ray's Pizza Restaurant. The proposed assignee should not have any conflicting interests that are unacceptable to Aw and must meet Aw's standards for franchisees.