Can an affiliate of B Bops exercise the right of first refusal?
B_Bops Franchise · 2025 FDDAnswer from 2025 FDD Document
Company (or any affiliate of Company designated by Company) shall have the right and option, exercisable by written notice to Franchisee or such partner, shareholder or member thereof within thirty (30) days of the date of receipt by Company of a copy of such offer, to purchase the Franchise or such partner's, shareholder's or member's ownership interest in Franchisee for the price and on the same terms and conditions contained in such offer.
Franchisee agrees to submit to Company such information regarding the operation of the Franchise as the Company may reasonably request in order to assist Company in determining whether to exercise its option.
In the event Company (or any affiliate thereof) exercises its right of first refusal, closing of the transaction shall occur within one hundred twenty (120) days from the acceptance of such offer, unless otherwise agreed by the parties.
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to B Bops's 2025 Franchise Disclosure Document, B Bops, or any affiliate designated by B Bops, has the right to exercise the right of first refusal. If a franchisee intends to sell their franchise, they must first obtain a written offer from a proposed purchaser and submit an exact copy of the offer to B Bops.
B Bops (or its affiliate) then has 30 days from the date of receipt of the offer to decide whether to purchase the franchise on the same terms and conditions as the offer. B Bops may request information regarding the operation of the franchise to assist in making this determination.
If B Bops (or its affiliate) exercises its right of first refusal, the closing of the transaction must occur within 120 days from the acceptance of the offer, unless otherwise agreed upon by both parties. If B Bops does not exercise its right, the franchisee may proceed with the transfer to the proposed purchaser, subject to obtaining B Bops's prior written consent.