What is the minimum aptitude requirement for the proposed transferee of a Creative World School franchise?
Creative_World_School Franchise · 2025 FDDAnswer from 2025 FDD Document
divorce, insolvency or corporate or partnership dissolution proceeding or otherwise by operation of law;
(v) transfer of an interest in you, this Agreement or the School, in the event of your death or the death of one of your owners, by will, declaration of or transfer in trust or under the laws of intestate succession; or
(vi) pledge of this Agreement (to someone other than us) or of an ownership interest in you as security, foreclosure upon the School or your transfer, surrender or loss of possession, control or management of the School.
15.03 Conditions for Approval of Transfer. If you (and your owners) are in full compliance with this Agreement then we will approve a transfer that meets all the applicable requirements of this Section. The proposed transferee and its direct and indirect owners must be individuals of good character and otherwise meet our then applicable standards for School franchisees. A transfer of ownership, possession or control of the School may be made only in conjunction with a transfer of this Agreement.
Source: Item 23 — RECEIPTS (FDD pages 80–247)
What This Means (2025 FDD)
According to the 2025 Creative World School Franchise Disclosure Document, a proposed transferee must meet certain aptitude requirements to be approved. Specifically, if a franchisee wishes to transfer their franchise agreement, the proposed transferee must have sufficient business experience and aptitude to construct (if necessary) and operate the school.
This requirement ensures that any new owner taking over a Creative World School franchise has the skills necessary to manage the business effectively. This protects the brand's reputation and the interests of other franchisees within the system.
In addition to aptitude, the transferee must also demonstrate sufficient financial resources. Creative World School also stipulates that the transferee (or its Manager) and its managerial employee (if different from your manager) have agreed to complete their standard training program.