Must the business fully comply with Better Blend's most recent System Standards before a transfer?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
(vii) the proposed Transferee and its owners and employees undergo such training as BBF may require;
(viii) Franchisee, its Owners, and the Transferee and its owners execute a general release of BBF in a form satisfactory to BBF; and
(ix) the Business fully complies with all of BBF's most recent System Standards.
Source: Item 22 — CONTRACTS (FDD page 43)
What This Means (2024 FDD)
According to Better Blend's 2024 Franchise Disclosure Document, a Better Blend business must fully comply with the most recent System Standards before a transfer can occur. Specifically, the franchise agreement outlines several conditions that must be met before a transfer is approved.
The stipulations include that the proposed transferee and their personnel must undergo any training that Better Blend requires. Additionally, both the franchisee, their owners, the transferee, and the transferee's owners must execute a general release of Better Blend in a form satisfactory to Better Blend.
This requirement ensures that the Better Blend brand maintains its standards and uniformity even when ownership changes. For a prospective franchisee, this means that if they plan to sell their franchise in the future, they must ensure their business is up to date with all current System Standards to facilitate a smooth transfer process. Failing to comply with these standards could delay or even prevent the sale of the franchise.