What standards must a proposed transferee meet to be considered qualified by Beverly Anns Cookie?
Beverly_Anns_Cookie Franchise · 2025 FDDAnswer from 2025 FDD Document
The proposed transferee does not own or perform services for a Competitive Business, and is, in our opinion, an individual of good moral character with sufficient business experience, aptitude and financial resources to own and operate a Franchised Business and otherwise meets all of our then-applicable standards for franchisees and the purchase price and terms of the proposed transfer must not be so burdensome to the prospective transferee as to impair or threaten the future operation of the Franchised Business.
Source: Item 23 — RECEIPTS (FDD pages 57–235)
What This Means (2025 FDD)
According to Beverly Anns Cookie's 2025 Franchise Disclosure Document, a proposed transferee must meet specific qualifications to be approved. The transferee cannot own or work for a competing business. Beverly Anns Cookie must consider the transferee to be of good moral character, and possess sufficient business experience, aptitude, and financial resources to successfully manage and operate the franchise.
Additionally, the purchase price and terms of the proposed transfer must not be so burdensome that they impair or threaten the future operation of the Beverly Anns Cookie franchised business. This suggests that Beverly Anns Cookie will assess the financial viability of the transfer for the new franchisee.
These standards ensure that any new franchisee taking over an existing Beverly Anns Cookie location has the capacity and resources to maintain the brand's standards and continue successful operations. This protects the brand and the interests of other franchisees within the Beverly Anns Cookie system.