What standards of qualifications must a transferee meet to be approved by Floors To Go?

According to the 2025 Floors To Go Franchise Disclosure Document, if a franchisee wishes to transfer their membership, the transferee must meet Floors To Go's standards of qualifications. These qualifications include, but are not limited to, financial strength and business experience.

In order to initiate a transfer, the franchisee must provide Floors To Go with written notification of the proposed transfer at least ninety (90) days in advance. Additionally, all accrued monetary obligations owed to Floors To Go, its subsidiaries, or assigns must be satisfied before the transfer can occur.

Furthermore, the transferee must execute a membership agreement and other ancillary agreements with Floors To Go on their then-current standard forms, which will supersede the existing agreement and may have differing terms. Alternatively, the transferee can execute a written assignment assuming all of the current franchisee's obligations. The franchisee or transferee is also responsible for paying Floors To Go's transfer fee.