When transferring a Hydrodog franchise, is it required for the transferee to sign the then-current franchise agreement?

According to Hydrodog's 2025 Franchise Disclosure Document, a transferee is required to sign the then-current franchise agreement as part of the transfer process. This requirement ensures that the new franchisee agrees to and is bound by the latest terms and conditions set forth by Hydrodog. This includes adherence to Hydrodog's operational standards, payment obligations, and other contractual stipulations in place at the time of the transfer.

In addition to signing the current franchise agreement, the transferee must also meet several other conditions to be approved. These include demonstrating sufficient business experience, aptitude, and financial resources to successfully operate the Hydrodog business. The transferee (or its owners) must also complete Hydrodog's standard training program to ensure they are well-versed in the company's operational procedures and standards. Furthermore, the transferee must agree to be bound by and assume all the terms and conditions of the existing lease or enter into a new lease agreement approved by the lessor.

These conditions collectively aim to protect Hydrodog's brand and ensure that new franchisees are well-prepared and committed to upholding the standards of the franchise system. For a prospective franchisee, this means understanding that taking over an existing Hydrodog location involves not only financial investment but also a commitment to training, adherence to updated operational guidelines, and acceptance of the current franchise agreement terms. It is also important to note that the transferring franchisee must pay a transfer fee of $20,000 per territory sold, and execute a general release of any and all claims against Hydrodog.