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№ 01Buying & Selling a Business · Franchise Resale · Ontario

Buying a Coverall franchise

Coverall's commercial cleaning franchise system operates across several Canadian provinces, with Ontario named directly alongside Alberta, British Columbia and Manitoba on the franchisor's own site — worth knowing since a resale here can occasionally cross provincial lines if the account book you're buying spans more than one province's Regional Support arrangement. As with most commercial cleaning franchises, what actually changes hands is an assigned book of client accounts and cleaning equipment, not a storefront.

№ 01.1The Resale, End to End

From offer to ownership

Coverall resales follow the franchisor's own approval process on top of the usual purchase mechanics — here's how the two run together.

Getting approved

01

Conditional offer

The offer sets price and terms, conditioned on the franchisor's Regional Support office consenting and a review of the specific accounts included.

1–2 weeks
02

Franchisor application & consent

The Regional Support office reviews the buyer and deal terms, and may exercise a right of first refusal over the account book.

3–6 weeks, typically
03

Disclosure considerations

Coverall's franchise offerings are sold under a formal Franchise Disclosure Document; whether Ontario's own resale-disclosure exemption applies to your specific transfer gets confirmed early rather than assumed, since courts read that exemption narrowly.

assessed early, in parallel

Getting to closing

04

Client-account consents & assignment

Commercial cleaning accounts often carry their own consent-required assignment terms, worked through account-by-account.

2–8 weeks
05

Training & transfer approval

Training on service standards and the Regional Support office's systems is typically required before final sign-off.

1–3 weeks, often overlapping
06

Closing

Funds and the new franchise agreement change hands, with the assigned account book confirmed as of the closing date.

1 day, once conditions are met
Timelines vary by franchisor approval speedWe track every deadline so nothing lapses.
№ 01.2About the System

About the Coverall system

Official coverall.com site lists a dedicated Canada franchise footer section naming active provinces, confirming commercial-cleaning franchise offerings sold under a Franchise Disclosure Document.

Ontario named directly among Coverall's active Canadian provinces (alongside Alberta, British Columbia and Manitoba).

№ 01.3Deal Structure

Asset sale or share sale?

This is the first real decision in a Coverall resale — and it changes what you're buying, what you're taking on, and how the franchise agreement moves.

QuestionAsset purchaseShare purchase
What you buyThe assigned book of commercial cleaning accounts, cleaning equipment and supplies, and the existing franchise agreement, subject to consent.The shares of the corporation holding the account book — every account it services, and everything it owes.
Franchisor consent & ROFRRequired for the specific account book changing hands, reviewed by the Regional Support office.Required for the change of control itself.
Client-account assignmentIndividual commercial cleaning accounts may need their own consent to assign — typically the practical bottleneck in a Coverall resale.Accounts generally stay in place without individual re-consent, since the contracting corporation doesn't change.
Equipment & suppliesCleaning equipment is itemized and checked against PPSA registrations for liens or financing.Equipment stays with the corporation; existing financing continues as a company liability.
Tax angleBuyer gets a stepped-up cost base on the assets purchased.Seller may access the lifetime capital gains exemption on qualifying shares.
Typical useThe default for a single franchisee's account book changing hands within one province.Less common — occasionally used where an operator holds accounts spanning more than one of Coverall's active provinces.
What you buy
Asset sale

The assigned book of commercial cleaning accounts, cleaning equipment and supplies, and the existing franchise agreement, subject to consent.

Franchisor consent & ROFR
Asset sale

Required for the specific account book changing hands, reviewed by the Regional Support office.

Client-account assignment
Asset sale

Individual commercial cleaning accounts may need their own consent to assign — typically the practical bottleneck in a Coverall resale.

Equipment & supplies
Asset sale

Cleaning equipment is itemized and checked against PPSA registrations for liens or financing.

Tax angle
Asset sale

Buyer gets a stepped-up cost base on the assets purchased.

Typical use
Asset sale

The default for a single franchisee's account book changing hands within one province.

We tell you which structure fits — before you sign anything.

№ 01.5Costs & Fees

You'll know the number before we start

No open-ended hourly surprises — the cost is confirmed in writing before any work begins.

Type of workFeeHow it's confirmed
Straightforward purchase or saleStarting from $3,388.87
Our charges · taxes included
Confirmed in writing once we see the agreement.
Larger or more complex dealQuoted to scopeShort call → fixed written quote before any work begins.
Searches, filings & third-party feesAt costItemized on your invoice, not marked up.
Franchisor transfer/application fees, landlord consent costs, and a broker's success fee if the deal was listed — all confirmed once we see your agreement.
Most deals start here

An owner-run business

A single franchisee's account book changing hands within one province, between one buyer and one seller, with a standard consent process.

Start my file
A bit more involved

A larger or more complex deal

An account book spanning more than one of Coverall's active provinces, or a resale where a right of first refusal or several client consents need to be worked through before terms are final.

Book a consultation

Not sure which you are? That's our job to figure out, not yours. As a rough guide, most deals under a couple of million dollars are the first kind — above that, you're usually in Mergers & Acquisitions territory.

№ 01.6Before You Ask

Common questions

Coverall operates in more than one province — does that ever complicate an Ontario resale?

Generally no for a single-province account book, but it's worth flagging if the accounts you're buying span more than one of Coverall's active provinces, since that can bring more than one Regional Support office into the consent process.

Coverall mentions a Franchise Disclosure Document on its own site — does that satisfy Ontario's disclosure requirements for a resale?

Not automatically — that's the franchisor's own offering document for new franchisees, and it's separate from the question of whether Ontario's Arthur Wishart Act resale-disclosure exemption applies to your specific private transfer. We confirm that question independently.

Do the cleaning accounts automatically transfer to me as the new owner?

Not automatically. Many commercial cleaning contracts require the client's consent before assignment, so working through which accounts need active consent is a central part of a Coverall resale.

How much does staff and crew continuity matter?

Quite a lot — cleaning crews often have the direct relationship with the client site, so understanding which staff are staying on is central to keeping the accounts you're paying for.

How long does a Coverall resale typically take?

Most run about 6 to 10 weeks, generally paced by the Regional Support office's consent review and working through individual client-account consents.

Related

Where we close franchise resale deals

Treadstone Law is an independent law firm. We act for buyers and sellers of franchise businesses. We are not affiliated with, endorsed by, or retained by Coverall or its franchisor.

Ready to begin?

Tell us about your Coverall resale — we'll point you the right way and confirm the cost in writing before any work begins.

Prefer to talk first? Call 1-844-900-1070 — it’s free.
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