If a Bang Cookies franchisee is an individual, what happens in the event of their death?

I am unable to provide information on what happens to a Bang Cookies franchise in the event of the death of an individual franchisee, according to the 2024 Franchise Disclosure Document excerpts provided. The excerpts do define an "Immediate Family Member" as the spouse and any other member of the household, including children and grandchildren, of each Franchisee if the Franchisee is an individual. The excerpts also include a "Franchise Owner and Spouse Agreement and Guaranty".

However, the excerpts do not describe the specific procedures or requirements in the event of a franchisee's death. It is common in franchising for the franchise agreement to address such a scenario, often allowing for the transfer of the franchise to a qualified heir or the sale of the franchise with the franchisor's approval. The absence of this information in the provided excerpts suggests that further investigation is needed to understand Bang Cookies's policy.

A prospective Bang Cookies franchisee should ask the franchisor directly about the specific terms and conditions related to the transfer or termination of the franchise agreement in the event of death or incapacitation. Understanding these terms is crucial for estate planning and ensuring the continuity or proper closure of the business.