What is the Bath Tune Up Existing Franchisee transferring to the New Franchisee regarding receipts?
Bath_Tune_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
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- Existing Franchisee will transfer physical possession of the Confidential Operating Manual (Manual) to Franchisor and to New Franchisee of all items required by the Franchise Agreement, including, without limitation, (i) all books, manuals, financial records, receipts, invoices, and documents relating to the Franchised Business; and (ii) all other documents, property and other objects containing Franchisor's Marks. New Franchisee has reviewed the Manual and agrees that the Confidential Operating Manual shall apply fully to its operation of the Franchised Business. New Franchisee agrees to abide by all other manuals and guidelines, present and future, of Franchisor, including, but not limited to, those pertaining to advertising.
Source: Item 22 — CONTRACTS (FDD page 52)
What This Means (2025 FDD)
According to the 2025 Bath Tune Up Franchise Disclosure Document, when an existing franchisee transfers their franchise to a new franchisee, the existing franchisee is required to transfer physical possession of several items to both the franchisor and the new franchisee.
Specifically, the existing franchisee must transfer all items required by the Franchise Agreement. This includes, but is not limited to, all books, manuals, financial records, receipts, invoices, and documents related to the franchised business. Additionally, they must transfer all other documents, property, and objects containing Bath Tune Up's Marks.
This transfer ensures that the new franchisee has all the necessary information and resources to operate the Bath Tune Up franchise effectively and in compliance with the franchise agreement. It also allows the franchisor to maintain oversight and control over the brand and its operations.