Upon the sale or legal transfer of a franchisee company or corporation, the new owner
must apply for a transfer of the franchise, in writing, within 30 days of the transfer,
to the mayor or her designee and shall provide the requisite evidence of required
insurance and financial responsibility. A franchise may not be transferred to a new
operational location. Transfer of a franchise to a successor entity is not final until
approved by the mayor or her designee. Once transferred, the franchise shall remain
in effect until the original expiration date.
