Does the Bojangles franchisor's consent to a transfer need to be reasonable?
Bojangles Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisor shall have the right and option, exercisable within thirty (30) days after receipt of all documentation necessary, in Franchisor's sole but reasonable opinion, to evaluate the terms
Source: Item 23 — RECEIPTS (FDD pages 82–573)
What This Means (2025 FDD)
According to Bojangles's 2025 Franchise Disclosure Document, when a franchisee seeks to transfer any interest in their restaurant, the franchise agreement, or the franchise rights, Bojangles, as the franchisor, has the option to purchase the franchisee's interest. To initiate this process, the franchisee must provide Bojangles with all the terms of the proposed transfer in writing at least 60 days before the intended transfer date.
Bojangles then has 30 days after receiving all necessary documentation to evaluate the terms of the proposed transfer. The franchisor can then exercise its right to purchase the seller's interest on the same terms and conditions offered by the third party, excluding any finder's or broker's fees that the third party would otherwise be obligated to pay.
Bojangles's consent to a transfer needs to be reasonable in their sole opinion. The Franchise Disclosure Document states that Bojangles will evaluate the terms in its "sole but reasonable opinion".