Can Bombs Away Franchising require the proposed assignee and its owners and employees to undergo training?

According to Bombs Away's 2024 Franchise Disclosure Document, Bombs Away Franchising can require the proposed assignee, along with their owners and employees, to undergo training as a condition of transfer. This means that if a franchisee wants to sell their franchise to someone else, Bombs Away has the right to ensure that the new owner and their staff are properly trained to meet Bombs Away's standards.

This requirement protects Bombs Away's brand and ensures that all franchises operate at a consistent level of quality. For a prospective franchisee looking to sell their business in the future, it's important to understand that the potential buyer will need to meet Bombs Away's training requirements. This could affect the pool of potential buyers and the timeline for completing a sale.

This condition is part of a larger set of requirements Bombs Away may impose when granting consent for a transfer. These include paying a transfer fee of $7,500 plus any broker fees, ensuring the assignee meets the standards for new franchisees, and securing a guaranty from all owners of the proposed assignee. The proposed assignee must also execute Bombs Away's current franchise agreement, which may contain different provisions than the original agreement. Meeting these conditions is essential for a smooth transfer process.