What other conditions can Itan reasonably require for approval of a Transfer?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
- (m) you or the transferring Owner, as applicable, and the transferee satisfy all other conditions we reasonably require as a condition to approval of the Transfer.
Our consent to a Transfer shall not constitute a waiver of any Claims we have against the transferor or our right to demand the transferee comply with all terms of the franchise agreement.
Source: Item 23 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, in addition to the specific requirements for transfer, Itan can reasonably require that the transferring owner or franchisee and the transferee satisfy other conditions as a condition to approval of the transfer.
For a regular transfer, Itan will not unreasonably withhold approval if certain conditions are met, such as the transferee having sufficient business experience and financial resources, compliance with agreements, completion of training, landlord consent, obtaining necessary licenses and permits, agreement to discharge obligations, signing Itan's current franchise agreement, remodeling the salon, payment of a $10,000 transfer fee, and signing a general release. Itan also retains the right of first refusal.
For an area development transfer, Itan will not unreasonably withhold approval if conditions are satisfied, including the transferee having sufficient experience and resources, compliance with agreements, completion of training, signing Itan's current area development agreement, payment of a $10,000 transfer fee, assignment of franchise agreements, signing a general release, and Itan not exercising its right of first refusal. These additional conditions provide Itan with flexibility to ensure that the transfer aligns with their standards and protects their interests.