What information must be included in the 'Take-Along Notice' provided by the Dog Haus Franchisor?
Dog_Haus Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisor shall exercise this Take-Along Right to compel the sale of the Take-Along Assets by Area Developer by providing Area Developer with written notice (the "Take-Along Notice") setting forth the time and place of the closing of the Capital Event, which time and place shall not be less than thirty (30) days after the date of the Take-Along Notice, and the expected price and form of consideration to be paid for the Take-Along Assets at the closing.
Source: Item 23 — RECEIPTS (FDD pages 87–328)
What This Means (2025 FDD)
According to Dog Haus's 2025 Franchise Disclosure Document, the "Take-Along Notice" is a written notice that Dog Haus provides to the Area Developer when exercising its "Take-Along Right" during a Capital Event. This notice must include the time and place of the closing of the Capital Event, which must be at least thirty (30) days after the date of the Take-Along Notice. The notice must also include the expected price and form of consideration to be paid for the Take-Along Assets at the closing.
In simpler terms, if Dog Haus decides to sell the company or a significant portion of its assets (a Capital Event), it has the right to force the Area Developer to sell their Dog Haus Restaurants as well. The Take-Along Notice is how Dog Haus informs the Area Developer of this decision. The Area Developer will receive at least 30 days' notice before the sale happens.
The notice will specify when and where the sale will take place, as well as how much money the Area Developer will receive for their restaurants and what form the payment will take (e.g., cash, stock, etc.). This ensures the Area Developer is informed about the terms of the sale and has some time to prepare for the transaction.