Changes of Ownership

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If you are selling your business to a new owner and are looking to have that reflected in Wodify, please reach out to support@wodify.com with the new owner's name and email address so we can start this process for you.

Here are the two options for a change of ownership: 

  1. A business is selling to a new owner and keeping the same physical location and the same environment (SUGGESTED OPTION).
  2. A business is selling to a new owner and keeping the same physical location but will be setting up an entirely new Wodify environment. 

 

A business is selling to a new owner and keeping the same physical location and the same environment (SUGGESTED OPTION).

 

With this option, the new owner will need to:

  1. Sign a new Wodify Terms of Service Agreement
  2. If you are a legacy customer, the new owner can add a new credit card or payment method under Business > Payment & Billing. This will be the payment method used to pay Wodify going forward. If you are not a legacy customer, reach out to support@wodify.com to update the payment information for the account.
  3. Contact the merchant provider to ensure that all revenue is deposited into the correct account going forward or switch to Wodify Payments (recommended).
  4. Enroll and complete Wodify Blueprint Training (recommended).

With this option, the new owner will NOT need to: 

  • Re-assign client plans
  • Work with Wodify to transfer clients into a new environment
  • Pay the $150 setup fee for a new environment
  • Re-enter client payment information 

 


A business is selling to a new owner and keeping the same physical location but will be setting up an entirely new Wodify environment. 

In this scenario, Wodify will: 

  • Charge a $150 setup fee to the new owner

  • Provide a link to enroll and complete Wodify Blueprint Training (recommended).
  • Build a new environment with class schedule, client plan templates, branding, and merchant information
  • Manually transfer clients on an agreed-upon date
  • Transfer payment information- Wodify will need a firm date as to when you would like to stop billing in the current environment and resume billing in the new environment
  • Hold a training call for the new owner to review re-assigning client plans
  • Deactivate the original environment once the last Wodify invoice is successfully paid
  • Disable your automatic billing from the old environment on a pre-determined date, which will most likely be the go-live date for the new environment

In this scenario, Wodify will NOT:

  • Re-assign client plans
  • Provide the new owner admin access to the previous environment
  • Export reports or information from the previous environment
  • Stop any payments from processing in the old environment
  • Re-create waivers or contracts in the new environment
  • Add or re-create retail products in the new environment
  • Disable any existing settings, including website integrations, SMS messaging, mass emails, automated emails, memberships
  • Be responsible for any unpaid invoices prior to the go-live date of the new environment
  • Be responsible for any failed transactions that do not attempt to re-run once the processor information has been removed from the original environment

Once clients have been transferred, the new owner will need to:

  • Re-assign client plans
  • Have clients sign new waivers and membership contracts
  • Re-create retail products 

 Here are some recommended help articles to take a look at when making these changes:

If you need any additional assistance with a change of ownership, feel free to reach out to us at support@wodify.com or via Priority Live Chat in your admin account (Promote only).

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