What conditions might Beverly Anns Cookie impose on the approval of a transfer of Additional Equipment?
Beverly_Anns_Cookie Franchise · 2025 FDDAnswer from 2025 FDD Document
You may not transfer any Additional Equipment without our prior written consent. We may approve or reject your request to transfer Additional Equipment in our sole discretion. In addition, we reserve the right
to condition our approval of a transfer on: (i) you being in good standing under this Franchise Agreement at the time of transfer, (ii) you paying off any loans or debts related to the Additional Equipment; (iii) Additional Equipment being modified in such a way to protect the System and/or any proprietary interests or trade secrets we have in the Additional Equipment; (iv) that the purchaser of the Additional Equipment be an existing Beverly Ann's Cookie Truck franchisee; and/or (v) such additional conditions that we deem reasonable in the circumstances. If we approve of your request to transfer any Additional Equipment, then in addition to any conditions to transfer that we impose, you agree to pay us a transfer fee of $1,000 per piece of Additional Equipment that you transfer.
Source: Item 23 — RECEIPTS (FDD pages 57–235)
What This Means (2025 FDD)
According to Beverly Anns Cookie's 2025 Franchise Disclosure Document, the company maintains the right to approve or reject a franchisee's request to transfer Additional Equipment at its sole discretion. If Beverly Anns Cookie approves the transfer, it may impose certain conditions.
These conditions include ensuring the franchisee is in good standing with the franchise agreement at the time of the transfer. The franchisee must also pay off any outstanding loans or debts related to the Additional Equipment. Beverly Anns Cookie may also require modifications to the Additional Equipment to protect the System or any proprietary interests or trade secrets.
Furthermore, Beverly Anns Cookie may require that the purchaser of the Additional Equipment be an existing Beverly Ann's Cookie Truck franchisee. Finally, Beverly Anns Cookie may impose any additional conditions that it deems reasonable under the circumstances. In addition to these conditions, the franchisee must pay a transfer fee of $1,000 per piece of Additional Equipment transferred.