Can a Lees Famous Recipe franchisee transfer only a portion of their assets without consent?

According to the 2025 Lees Famous Recipe Franchise Disclosure Document, franchisees must obtain prior written consent from Lees Famous Recipe to transfer substantially all or all of the assets of the Restaurant. Lees Famous Recipe grants the franchise to individuals or entities based on their character, aptitude, business ability, and financial capacity.

The FDD states that franchisees cannot transfer, assign, or dispose of their business, the Restaurant, substantially all or all of the assets of the Restaurant, the Franchise Agreement, or any equity or voting interest in the franchisee without prior written consent from Lees Famous Recipe. This requirement applies whether the transfer is voluntary or involuntary and whether it occurs in a single transaction or multiple transactions.

This provision protects Lees Famous Recipe by ensuring that any transfer of the franchise or its assets meets their standards and does not negatively impact the brand. It allows Lees Famous Recipe to maintain control over who operates a franchise and ensures that the new operator is qualified and capable. A prospective franchisee should clarify with Lees Famous Recipe what specific conditions or circumstances might warrant consent for a partial asset transfer, as the FDD excerpt focuses on transfers of 'substantially all or all' assets.