factual
What options does Auntie Annes have to purchase an Auntie Annes business?
Auntie_Annes Franchise · 2024 FDDAnswer from 2024 FDD Document
| Provision | Section in Franchise Agreement | Summary |
|---|---|---|
| n. Our right of first refusal to acquire your business | FA: 16.8 | We can match any offer for your Shop or substantially all interests in your entity. |
| o. Our option to purchase your business | FA: 18.4 | We may purchase your Goods related to the Shop at the fair market value (exclusive of good will) and may purchase your Accepted Location if you own it or your interest in any lease. |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTIONS (FDD pages 86–91)
What This Means (2024 FDD)
According to Auntie Annes's 2024 Franchise Disclosure Document, Auntie Annes has two options to purchase an Auntie Annes business.
First, Auntie Annes has a right of first refusal to acquire your business. This means that Auntie Annes can match any offer that a franchisee receives for their shop or substantially all interests in their entity.
Second, Auntie Annes has the option to purchase your business. Auntie Annes may purchase the goods related to the shop at fair market value, excluding goodwill. They may also purchase the Accepted Location if the franchisee owns it, or the franchisee's interest in any lease.
Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only.
It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.