Transferring ownership of a Gracie Barra School requires compliance with organizational policies and legal processes to ensure a smooth transition. This involves notifying GB North America, completing a qualification process for the new owner, and updating access to the GB Members CRM Software and Bambora Billing Account.
Contents:
- Transfer of Ownership with an Existing GB Members School CRM
- Transfer of Ownership that needs to Migrate to GB Members
1. Transfer of Ownership with an Existing GB Members School CRM
Notify GB North America
Before proceeding with any ownership transfer, follow these steps:
- Contact GB North America at schooldev@graciebarra.com.
- Complete the qualification and vetting process, including background checks for potential buyers.
- Non-compliance with this process may result in the termination of the Franchise Agreement.
- Once the transfer is approved, immediately provide the new owner with a GB Members CRM user account. Refer to: How to | Manage User Accounts
Transfer of Bambora Billing Account
Ownership transfer includes updating the Bambora Billing Account, Gracie Barra’s 3rd Party Billing Provider for processing transactions in GB Members. The underwriting team will assess case-by-case scenarios where the same MID (Merchant ID) is retained. The following conditions must be met:
- The new owner must complete a new online application.
- Provide legal documents for entity changes, such as:
- Articles of Amendments
- Purchase Agreements
- Merger and Acquisition Agreements
-
Submit written acknowledgment from the old owner confirming the business transition. The acknowledgment must clearly state:
- Date of transition
- Business name
- Parties involved
👉 Acknowledgment Template: Available in GB Connect.
2. Transfer of Ownership that needs to Migrate to GB Members
Data Migration Process
- Contact northamerica@graciebarra.com to initiate migration.
- Ensure all membership agreements, billing details, and student records are properly transferred.
- Confirm the new owner’s GB Members CRM account is fully operational.
Verification and Final Steps
- Cross-check all migrated data for accuracy.
- Schedule a 1-on-1 consultation Book Here
**Tip:**
- Complete ownership transfer in advance to avoid service interruptions.
- Avoid using different legal entities in the same account without prior approval.
- Keep all legal documents on file to ensure compliance.
Conclusion:
Following the outlined steps, owners can seamlessly transfer school ownership while ensuring operational continuity and compliance. For further questions or assistance, refer to the FAQs or contact support.
FAQs:
Q1: How long does the ownership transfer process take?
A1: The process varies but typically takes 2-4 weeks, depending on the vetting and approval timeline.
Q2: Can I keep the same billing account under a different owner?
A2: Only if the underwriting team approves an exception and all legal requirements are met.
Q3: Who should I contact for software-related questions?
A3: Reach out to northamerica@graciebarra.com or use the question mark icon to submit a ticket to us in GB Members.
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Need Assistance?
For further assistance or clarifications, please contact northamerica@graciebarra.com
You can also schedule a 1-1 consultation: https://graciebarra.link/gbmembers-consultation