Will the Big Apple Bagels franchisor interview and evaluate the proposed transferee?
Big_Apple_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
The proposed transferee and its owners must be
individuals of good moral character and otherwise meet Franchisor's then applicable standards for BAGELS Store franchisees. Franchisor shall interview and evaluate the proposed transferee at Franchisor's principal place of business or at such other location that Franchisor designates. A transfer of ownership in the BAGELS Store may only be made in conjunction with a transfer of this Franchise Agreement. All of the following conditions must be met prior to or concurrently with the effective date of the transfer (unless otherwise specified):
Source: Item 22 — CONTRACTS (FDD pages 86–87)
What This Means (2025 FDD)
According to Big Apple Bagels' 2025 Franchise Disclosure Document, if a franchisee wishes to transfer their franchise, the proposed transferee will be interviewed and evaluated by Big Apple Bagels. The FDD states that the proposed transferee and their owners must meet Big Apple Bagels' standards for franchisees and be of good moral character.
Big Apple Bagels will conduct this interview and evaluation at their principal place of business or another location they designate. This evaluation is part of the conditions for approval of the transfer, ensuring that the new franchisee aligns with the brand's standards.
This process is typical in franchising, as franchisors want to ensure that any new franchisees are well-qualified to maintain the brand's reputation and operational standards. The transferee must also execute a Transferee's Waiver and Release, as outlined in Exhibit O of the disclosure document.