What details must be included in the offer I obtain from a buyer when selling my Brightstar Care franchise?

According to Brightstar Care's 2025 Franchise Disclosure Document, if you decide to sell your franchise, you or the transferee must provide Brightstar Care with a copy of the executed purchase agreement. This agreement must include all supporting documents and schedules related to the proposed transfer. Additionally, the agreement must demonstrate the transferee's assumption of, and agreement to faithfully perform, all of your obligations under the existing Franchise Agreement.

This requirement ensures that Brightstar Care has complete visibility into the terms of the transfer and that the new franchisee is fully aware of and committed to upholding the responsibilities outlined in the original franchise agreement. It protects Brightstar Care's interests by ensuring the transferee is legally bound to maintain the standards and obligations of the franchise.

By mandating the inclusion of all supporting documents and schedules, Brightstar Care aims to prevent any misunderstandings or disputes that could arise from incomplete or ambiguous transfer agreements. This also allows Brightstar Care to assess the financial stability and operational capabilities of the proposed transferee, ensuring they are capable of fulfilling the obligations of the franchise agreement. Prospective franchisees should be aware of this requirement and ensure that all necessary documentation is meticulously prepared and included in the purchase agreement to facilitate a smooth transfer process.