How long does Floors To Go have to approve or disapprove a proposed transferee after notification?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
- b.
We will approve or disapprove the proposed transferee(s) within sixty (60) days after notification.
If we fail to disapprove the proposed transferee(s) within this time, the transfer shall be deemed approved.
Upon such transfer, transferee(s) shall assume the remaining term of the transferor's current membership agreement.
Subsequent renewals can be made in accordance with the terms as set forth in transferee(s)' new agreement.
Source: Item 23 — RECEIPTS (FDD pages 47–204)
What This Means (2025 FDD)
According to the 2025 Floors To Go Franchise Disclosure Document, Floors To Go has 60 days to either approve or disapprove a proposed transfer of a franchise. This 60-day period begins after Floors To Go receives notification of the proposed transfer.
If Floors To Go fails to make a decision within this 60-day timeframe, the transfer is automatically considered approved. This provision protects the franchisee by preventing the franchisor from unduly delaying or obstructing a legitimate transfer.
Following the approval of a transfer, the new franchisee, or transferee, assumes the remaining term of the original franchisee's membership agreement. Subsequent renewals are subject to the terms outlined in the transferee's new agreement with Floors To Go.