What is the timeframe for Beem Light Sauna to receive written notice of a proposed transfer?
Beem_Light_Sauna Franchise · 2025 FDDAnswer from 2025 FDD Document
If you or any of your Owners desire to make a Transfer, you must promptly provide us with advance written notice and must submit a copy of all proposed contracts and other information concerning the Transfer and transferee that we reasonably require.
We have the right to communicate with both you, your counsel, and the proposed transferee on any aspect of a proposed Transfer.
No Transfer that requires our consent may be completed until at least 60 days after we receive written notice of the proposed Transfer.
We have sole and absolute discretion to withhold our consent, except as otherwise provided in Sections 13.6 (Transfer to an Entity), 13.7 (Permitted Transfers), and 13.8 (Transfer Upon Death, Incapacity, or Bankruptcy), and we may condition our consent on compliance with any conditions that we specify.
Source: Item 23 — RECEIPT (FDD pages 71–230)
What This Means (2025 FDD)
According to the 2025 Beem Light Sauna Franchise Disclosure Document, if a franchisee or any of their owners wishes to transfer their interest in the franchise, they must provide Beem Light Sauna with advance written notice. The franchise cannot be transferred until at least 60 days after Beem Light Sauna receives this written notice. This allows Beem Light Sauna ample time to review the proposed transfer, assess the potential transferee, and make an informed decision regarding consent.
Beem Light Sauna retains sole and absolute discretion to withhold consent for a transfer, except under specific circumstances outlined in Sections 13.6, 13.7, and 13.8 of the franchise agreement. These exceptions may include transfers to an entity, permitted transfers, and transfers upon death, incapacity, or bankruptcy. However, even in these cases, the franchisee must still provide advance written notice.
This requirement ensures that Beem Light Sauna maintains control over who becomes a franchisee and protects the integrity of the Beem Light Sauna brand. It also allows Beem Light Sauna to ensure that any potential transferee meets the necessary qualifications and is capable of operating the franchise successfully. Franchisees should be aware of this requirement and plan accordingly if they anticipate transferring their franchise in the future.