What is Crawlspace Medic's requirement of a proposed transferee's character?

According to Crawlspace Medic's 2024 Franchise Disclosure Document, if a franchisee wishes to transfer their rights and duties under the franchise agreement, the proposed transferee must meet certain character requirements. Specifically, the transferee must be an individual of good moral character.

This requirement is in place because Crawlspace Medic has made the agreement with the original franchisee based on their perception of the franchisee's individual and collective character, skill, aptitude, attitude, business ability, and financial capacity. Therefore, any proposed transferee must also meet the franchisor's standards for multi-unit franchisees.

This means that a prospective Crawlspace Medic franchisee should be aware that if they later decide to sell their franchise, the person or entity they sell to will need to undergo a review by Crawlspace Medic to ensure they meet the franchisor's standards for character and other qualifications. The franchisor has the final say in approving or disapproving the transfer.