How is the 'Appraised Value' of Acquired Assets determined for a Bigfoot Forestry franchise?

According to Bigfoot Forestry's 2025 Franchise Disclosure Document, the 'Appraised Value' of Acquired Assets is defined as the fair market value of the assets the franchisor wishes to purchase. These assets are to be assessed by independent appraisers.

This definition is relevant if Bigfoot Forestry exercises its option to purchase a franchisee's business and/or its assets upon termination or expiration of the franchise agreement. The franchisor must notify the franchisee of the specific assets it wishes to purchase, referred to as the 'Acquired Assets', within 20 days after the termination or expiration date.

For a prospective franchisee, this means that if Bigfoot Forestry decides to buy back the business, the value of the assets will be determined by an independent appraisal to reflect fair market value. This process aims to ensure an unbiased valuation of the assets being acquired, which could include equipment, vehicles, and other tangible items used in the operation of the Bigfoot Forestry business.