According to Ledgers' 2025 Franchise Disclosure Document, franchisees must obtain approval from Ledgers when transferring their interest in the Franchise Agreement or ownership in the franchise business. Ledgers states that it will not unreasonably withhold consent.

To transfer their interest, franchisees must be in full compliance with the agreement and current on all monies owed to Ledgers. The individual or entity to which the franchisee is transferring must also meet the requirements outlined in Section 7.8 of the agreement. Additionally, the franchisee must sign the current transfer and release form and pay the transfer fee, if applicable, as detailed in Section 2.11.

This requirement ensures that any new owner meets Ledgers' standards and is capable of maintaining the brand's reputation and operational consistency. It is a common practice in franchising to protect the brand and the interests of other franchisees. Prospective franchisees should carefully review Section 7.8 to understand the specific qualifications and requirements for potential transferees.