What standards must the proposed transferee and its owners meet for a Beef O Bradys franchise transfer?
Beef_O_Bradys Franchise · 2025 FDDAnswer from 2025 FDD Document
The proposed transferee and its direct and indirect owners must be individuals of good character and otherwise meet our then applicable standards for Family Sports Pub franchisees.
A Transfer of ownership, possession or control of the Family Sports Pub may only be made if the transferee enters into a new Franchise Agreement.
If the Transfer is of your Family Sports Pub(s) or a controlling interest in you, or is one of a series of transfers which in the aggregate constitutes the Transfer of your Family Sports Pub(s) or a controlling interest in you, all of the following conditions must be met prior to or concurrently with the effective date of any Transfer:
(a) Business Experience. The transferee has sufficient business experience, aptitude and financial resources to operate the Family Sports Pub and has been approved as a franchisee;
(b) Payment of Royalties and Fees Owed.
You have paid all Royalties, Marketing Contributions, amounts owed for purchases from us and all other amounts owed to us or to third-party creditors and have submitted all required reports and statements;
- (c) Completion of Initial Training.
The transferee (and its Two Designated Operators) and its managerial employee (if different from your manager) have completed our training program;
- (d) New Franchise Agreement.
The transferee has agreed to enter into a new Franchise Agreement;
- (f) Costs of Compliance.
The transferee agrees to pay the costs required to bring the Family Sports Pub into compliance with the then current System Standards (including the purchase and installation of our then-current approved POS System);
Source: Item 23 — RECEIPTS. (FDD pages 66–330)
What This Means (2025 FDD)
According to Beef O Bradys's 2025 Franchise Disclosure Document, a proposed transferee and their owners must meet several standards to be approved for a franchise transfer. The transferee and their direct and indirect owners must be individuals of good character and meet Beef O Bradys's standards for Family Sports Pub franchisees. The transferee must also have sufficient business experience, aptitude, and financial resources to operate the Family Sports Pub, and must be approved as a franchisee.
To complete the transfer, the transferee (and its Two Designated Operators) and its managerial employee (if different from your manager) must complete Beef O Bradys's training program. The transferee must also agree to enter into a new Franchise Agreement. Additionally, the transferee must pay the costs required to bring the Family Sports Pub into compliance with the then-current System Standards, including purchasing and installing Beef O Bradys's then-current approved POS System.
Beef O Bradys also requires that the current franchisee be up-to-date on all payments. The current franchisee must have paid all Royalties, Marketing Contributions, amounts owed for purchases from Beef O Bradys, and all other amounts owed to Beef O Bradys or to third-party creditors, and have submitted all required reports and statements. The transferring owners must execute a general release of any and all claims against Beef O Bradys and its shareholders, officers, directors, employees, and agents. Finally, Beef O Bradys must approve the material terms and conditions of the transfer, ensuring that the price and terms of payment will not adversely affect the transferee's operation of the Family Sports Pub.