Who is required to complete training when transferring a Cream franchise?
Cream Franchise · 2025 FDDAnswer from 2025 FDD Document
- (5) all persons required to complete training under the transferee's franchise agreement satisfactorily complete our training program, and transferee has paid all costs and expenses we incur to provide the training program to such persons;
Source: Item 23 — RECEIPTS (FDD pages 61–192)
What This Means (2025 FDD)
According to Cream's 2025 Franchise Disclosure Document, all persons required to complete training under the transferee's franchise agreement must satisfactorily complete Cream's training program. The transferee is also responsible for paying all costs and expenses Cream incurs to provide the training program to these individuals.
This means that if you are planning to transfer your Cream franchise, the individuals who will be taking over the operations must undergo and successfully complete the training program that Cream mandates. This ensures that the new operators are well-versed in Cream's standards and procedures.
As the seller, it's important to factor in these training requirements and associated costs when negotiating the terms of the transfer. The $25,000 transfer fee is separate from the training costs. The success of the transfer is contingent upon the transferee's compliance with the training requirements and payment of associated fees.