What are the requirements in Section 7.8 that a Zoomin Groomin transferee must meet to be approved for a franchise transfer?
Zoomin_Groomin Franchise · 2025 FDDAnswer from 2025 FDD Document
7.8.Transferee Requirements
The proposed Transferee(s) must:
- i. complete our then-current Franchisee application; and
- ii. pass our application screening using our then current qualifications; and
- iii. attend and successfully complete Initial Training; and
- iv. sign either, at our option:
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- an assignment of the rights remaining in your Franchise Agreement, or
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- our current Franchise Agreement with the term adjusted to such length as remains on the term of your Franchise Agreement.
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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, Section 7.8 outlines the requirements a proposed transferee must meet to be approved for a franchise transfer. The transferee must first complete the then-current Franchisee application. Second, the transferee must pass Zoomin Groomin's application screening process, using the company's current qualifications.
Additionally, the transferee is required to attend and successfully complete the Initial Training program that Zoomin Groomin provides. This ensures that the new franchisee is properly trained in the Zoomin Groomin system.
Finally, the transferee must sign either an assignment of the rights remaining in the current Franchise Agreement or Zoomin Groomin's current Franchise Agreement, with the term adjusted to match the remaining length of the original agreement. The choice between these two options is at Zoomin Groomin's discretion.