Can Body20 waive any of the conditions for a Control Transfer?
Body20 Franchise · 2025 FDDAnswer from 2025 FDD Document
For a proposed Control Transfer, in addition to any other conditions that we reasonably specify, the following conditions apply (unless waived by us):
(a) You or your transferee must pay us the Transfer Fee;
(b) All of your accrued monetary obligations and all other outstanding obligations to us, our Affiliates, and approved suppliers shall be up to date, fully paid, and satisfied;
Source: Item 23 — RECEIPT (FDD pages 74–251)
What This Means (2025 FDD)
According to Body20's 2025 Franchise Disclosure Document, Body20 can waive certain conditions for a Control Transfer. Specifically, Section 13.4 outlines the conditions that apply to a proposed Control Transfer, but it also states that Body20 has the discretion to waive these conditions. This means that Body20 can choose to not enforce certain requirements, providing some flexibility in the transfer process.
For Non-Control Transfers, Body20 can waive conditions as well. Section 13.5 states that for transfers not resulting in a Control Transfer, the franchisee and/or transferee must meet the conditions in Section 13.4, unless Body20 waives them. However, some conditions are automatically waived for Non-Control Transfers, including obtaining the landlord's consent, completing training, signing a new franchise agreement, and renovating the studio.
This waiver provision offers potential benefits to Body20 franchisees by allowing for more streamlined transfer processes in certain situations. However, it also introduces an element of uncertainty, as the franchisee cannot be certain which conditions, if any, Body20 will choose to waive. It is important for prospective franchisees to understand the specific conditions for transfer and to discuss with Body20 under what circumstances they might consider a waiver.