What conditions must a transferee meet to gain Body Brain Center's approval for a franchise transfer?
Body_Brain_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
| THE FRANCHISE RELATIONSHIP | ||
|---|---|---|
| PROVISION | SUMMARY | |
| m. Conditions for our approval of transfer | Section 19.2 | Transferee must meet our qualifications, successfully complete the initial training program (and pay initial training fee), obtain all required licenses and permits, and sign a new franchise agreement for the remainder of the term. You must be compliant with your Franchise Agreement, assign your lease if applicable, pay us the transfer fee and sign a general release and subordination agreement. We must notify you that we do not intend to exercise our right of first refusal. |
Source: Item 17 — RENEWAL**, TERMINATION, TRANSFER, **AND DISPUTE RESOLUTION (FDD pages 34–38)
What This Means (2025 FDD)
According to Body Brain Center's 2025 Franchise Disclosure Document, a franchisee seeking to transfer their franchise must ensure the transferee meets several qualifications to gain Body Brain Center's approval. The transferee must meet Body Brain Center's qualifications, successfully complete the initial training program (and pay the initial training fee), and obtain all required licenses and permits. Additionally, the transferee must sign a new franchise agreement for the remainder of the term.
Furthermore, the transferring franchisee must be in compliance with their existing Franchise Agreement. If applicable, they must assign their lease to the transferee. The transferring franchisee is also responsible for paying Body Brain Center the transfer fee and signing a general release and subordination agreement.
Finally, Body Brain Center must notify the franchisee that they do not intend to exercise their right of first refusal, meaning Body Brain Center has the option to purchase the franchise business themselves before allowing the transfer to proceed to another party. These stipulations ensure that any new franchisee meets Body Brain Center's standards and that the transfer process is conducted in accordance with the franchise agreement.