How long does Anago have to notify a subfranchisor of its intent to exercise its right of first refusal?
Anago Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisor will have 30 days from its receipt of a copy of the signed Offer to notify Subfranchisor of its intent to purchase the interests to be transferred on the same terms and conditions as set forth in the Offer.
If Franchisor elects to exercise its right of first refusal, it will have 60 days to close on the purchase.
If Franchisor declines or does not timely elect to exercise its right of first refusal, then the parties may proceed with the transfer only after receiving Franchisor's consent as described in paragraph (a) of this Section and in Section 7.3 below.
If, however, the transfer is not completed as and, on the terms, described in the Offer within 60 days of Franchisor's notice that it will not exercise its right of first refusal (or the expiration of Franchisor's right to exercise), Franchisor shall be afforded another 30 days to exercise its right of first refusal.
Source: Item 23 — RECEIPTS (FDD pages 62–298)
What This Means (2025 FDD)
According to Anago's 2025 Franchise Disclosure Document, if a subfranchisor intends to transfer their interests, Anago has 30 days from the receipt of a copy of the signed offer to notify the subfranchisor of its intent to purchase those interests under the same terms and conditions as the offer.
If Anago elects to exercise its right of first refusal, it then has 60 days to close on the purchase. Should Anago decline or not elect to exercise its right of first refusal within the initial 30-day period, the subfranchisor can proceed with the transfer after receiving Anago's consent.
However, if the transfer is not completed within 60 days of Anago's notice that it will not exercise its right of first refusal (or after the expiration of Anago's right to exercise it), Anago is given another 30 days to exercise its right of first refusal. This clause ensures Anago has multiple opportunities to step in and acquire the subfranchise if the initial transfer falls through or is delayed.