factual

Is a transfer of interest in the Cd One Price Cleaners franchise by will considered a transfer?

Cd_One_Price_Cleaners Franchise · 2025 FDD

Answer from 2025 FDD Document

  • (e) if Franchisee (or one of its owners) dies, transfer of an interest in Franchisee, this Agreement, the Operating Assets or the Store (or any right to receive all or a portion of Franchise's or the Store's profits or losses or any capital appreciation relating to Franchisee or the Store) by will, declaration of or transfer in trust, or under the laws of intestate succession; or

Source: Item 23 — Receipts (FDD pages 72–263)

What This Means (2025 FDD)

According to the 2025 FDD, a transfer of interest in the Cd One Price Cleaners franchise by will is indeed considered a transfer. Specifically, if a franchisee or one of its owners dies, the transfer of an interest in the franchise agreement, the operating assets, or the store (including any right to profits, losses, or capital appreciation) through a will is classified as a transfer. This also applies to transfers via declaration of or transfer in trust, or under the laws of intestate succession.

This means that if a Cd One Price Cleaners franchisee passes away and their interest in the franchise is bequeathed through a will, the standard transfer procedures outlined in the franchise agreement will apply. These procedures are designed to ensure that any new owner meets the franchisor's standards and is capable of maintaining the quality and operational consistency of the Cd One Price Cleaners brand.

Therefore, the estate of the deceased franchisee will need to navigate the transfer process, which typically involves seeking approval from Cd One Price Cleaners, paying any applicable transfer fees, and ensuring that the new owner meets the franchisor's criteria. This could include demonstrating financial stability, undergoing training, and agreeing to adhere to the franchise agreement's terms. This provision ensures that Cd One Price Cleaners maintains control over who operates its franchises, even in the event of a franchisee's death, protecting the brand's integrity and reputation.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.