Freshii's franchising is now administered through parent company Foodtastic rather than the original Toronto-founded corporate structure — which means the first job on a resale is confirming exactly which entity is reviewing your application, holding the right of first refusal, and signing the new agreement. Add a lease that needs the landlord's consent, and a Freshii resale has more moving parts than the salads-and-bowls concept suggests.
Freshii resales follow the franchisor's own approval process on top of the usual purchase mechanics — here's how the two run together.
Getting approved
Buyer and seller sign, with a deposit held in trust and conditions built around franchisor consent and a clean lease assignment.
1–2 weeks†Freshii's franchising team — now operating under parent Foodtastic — reviews the incoming operator's application and financial qualification, and considers any right of first refusal.
3–6 weeks†A franchise disclosure document may still be required even where the deal is framed as a private resale — Ontario courts read the resale exemption narrowly, so this gets confirmed early rather than assumed.
assessed early, in parallel†Getting to closing
Landlord consent to assign the lease, alongside confirming the location still meets current Freshii store-design and equipment standards.
2–6 weeks†The incoming owner, or a designated manager, typically completes Freshii's operator training before or shortly after taking over.
1–3 weeks†Funds, keys, and signed documents change hands; we track final franchisor sign-off and lease-registration paperwork through to completion.
1 day, plus a short tail†Toronto-headquartered; confirmed to operate as 'a Canadian fast casual restaurant franchise'; franchising now administered through parent Foodtastic
Founded and headquartered in Toronto with a significant home-market Ontario footprint
This is the first real decision in a Freshii resale — and it changes what you're buying, what you're taking on, and how the franchise agreement moves.
| Question | Asset purchase | Share purchase |
|---|---|---|
| What you buy | The location's assets — kitchen equipment, leasehold improvements, inventory, and the benefit of the existing franchise agreement, subject to consent from the current Freshii franchisor. | The shares of the operating company that holds the location — everything it owns, and everything it owes. |
| Franchisor consent & ROFR | Required for this specific location, and typically the pacing condition on the whole deal. | Required for the change of control itself — the franchisor reviews who is actually taking over the company. |
| The franchise agreement | The buyer typically signs a new, current-form agreement rather than stepping into the seller's original one. | The existing agreement generally stays in place, transferred along with the company that holds it. |
| The lease | Needs landlord consent to assign, timed alongside the franchisor's own approval. | Usually stays in place, unless the lease has its own change-of-control clause. |
| Tax angle | Buyer gets a stepped-up cost base on the assets purchased. | Seller may access the lifetime capital gains exemption on qualifying shares. |
| Typical use for a Freshii location | The default for a single Freshii location changing hands. | Less common — occasionally used where an operator holds several locations under one company. |
The location's assets — kitchen equipment, leasehold improvements, inventory, and the benefit of the existing franchise agreement, subject to consent from the current Freshii franchisor.
The shares of the operating company that holds the location — everything it owns, and everything it owes.
Required for this specific location, and typically the pacing condition on the whole deal.
Required for the change of control itself — the franchisor reviews who is actually taking over the company.
The buyer typically signs a new, current-form agreement rather than stepping into the seller's original one.
The existing agreement generally stays in place, transferred along with the company that holds it.
Needs landlord consent to assign, timed alongside the franchisor's own approval.
Usually stays in place, unless the lease has its own change-of-control clause.
Buyer gets a stepped-up cost base on the assets purchased.
Seller may access the lifetime capital gains exemption on qualifying shares.
The default for a single Freshii location changing hands.
Less common — occasionally used where an operator holds several locations under one company.
We tell you which structure fits — before you sign anything.
No open-ended hourly surprises — the cost is confirmed in writing before any work begins.
| Type of work | Fee | How it's confirmed |
|---|---|---|
| Straightforward purchase or sale | Starting from $3,388.87 Our charges · taxes included | Confirmed in writing once we see the agreement. |
| Larger or more complex deal | Quoted to scope | Short call → fixed written quote before any work begins. |
| Searches, filings & third-party fees | At cost | Itemized on your invoice, not marked up. |
A single Freshii location changing hands between one buyer and one seller — a standalone or strip-mall unit with a straightforward lease and a standard consent process.
Start my file →An operator holding several Freshii locations, or Freshii alongside other Foodtastic-family brands, selling as one operating company — or a resale where the franchisor's right of first refusal needs 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.
Yes, in practice. Foodtastic now administers Freshii's franchise system, so the entity reviewing your application, approving the transfer, and signing your new agreement may not be the one named on the seller's original paperwork. We confirm the current franchisor entity and make sure your new agreement is signed with the right party before you close.
Both formats exist across Ontario, and the lease dynamics differ — a standalone or strip-mall unit negotiates directly with a landlord, while a food-court unit answers to the mall's own assignment rules and common-area requirements. We check which kind of premises you're actually buying into before you get attached to the deal.
Not necessarily. Ontario courts have read the resale-disclosure exemption narrowly, and franchisor involvement in the resale can be enough to trigger a full disclosure requirement anyway. Whether it applies to your deal gets confirmed early, not assumed from the word 'resale.'
It can step in and buy the location itself, on the same terms you negotiated, instead of letting your purchase proceed. It's a standard clause in most franchise systems, and it's built into the deal timeline from the start so it doesn't surprise you late.
It varies, but most systems expect training completed before or shortly after closing so the location isn't left without a qualified operator. We time your closing date around it rather than treating training as an afterthought.
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 Freshii or its franchisor.
Tell us about your Freshii resale — we'll point you the right way and confirm the cost in writing before any work begins.