Does Zoomin Groomin charge a transfer fee for a transfer of interest within a franchise entity?
Zoomin_Groomin Franchise · 2025 FDDAnswer from 2025 FDD Document
A transfer of interest within a Franchise entity will not trigger the Right of First Refusal if only the percentage ownership changes rather than the identity of the owners. At the time of the desired transfer of interest within an entity, you must notify us in writing of the name and address of each officer, director, shareholder, member, partner or similar person and their respective ownership interest. Each such person of the Controlled Entity will sign the then current amendment and release forms or Franchise Agreement as required by us. We do not charge a transfer fee for this change.
Source: Item 9 — 01. Financial Statements and Exhibits. (FDD pages 68–156)
What This Means (2025 FDD)
According to Zoomin Groomin's 2025 Franchise Disclosure Document, a transfer of interest within a franchise entity does not trigger the Right of First Refusal if only the percentage ownership changes rather than the identity of the owners. Zoomin Groomin does not charge a transfer fee for this type of change.
However, the franchisee must notify Zoomin Groomin in writing of the name and address of each officer, director, shareholder, member, partner, or similar person and their respective ownership interest at the time of the desired transfer of interest within an entity.
Additionally, each person of the Controlled Entity will need to sign the then-current amendment and release forms or Franchise Agreement as required by Zoomin Groomin.