Are there any restrictions on who a Buns On Fire franchisee can sell to?
Buns_On_Fire Franchise · 2025 FDDAnswer from 2025 FDD Document
In addition to the requirements of this Article, Franchisee must promptly ("promptly" being herein defined as within fifteen (15) days of receipt of an offer to buy) give Franchisor additional written notice whenever Franchisee has received a bona fide offer from a third party to buy Franchisee's business franchised hereunder. Franchisee must also give Franchisor written notice simultaneously with any offer to sell the Franchised Business made by, for, or on behalf of Franchisee. The purpose of this Subsection is to enable Franchisor to comply with any applicable state or federal franchise disclosure law or rules. Franchisee agrees to indemnify and hold Franchisor harmless for Franchisee's failure to comply with this Subsection.
Source: Item 16 — RESTRICTIONS ON WHAT THE FRANCHISEE MAY SELL (FDD pages 40–41)
What This Means (2025 FDD)
According to the 2025 Buns On Fire Franchise Disclosure Document, a franchisee must provide written notice to Buns On Fire when they receive an offer from a third party to buy the franchise. This notice must be given within 15 days of receiving the offer.
Additionally, the franchisee must notify Buns On Fire simultaneously with any offer to sell the franchised business made by, for, or on behalf of the franchisee. This requirement enables Buns On Fire to comply with any applicable state or federal franchise disclosure laws or rules. The franchisee agrees to indemnify and hold Buns On Fire harmless if they fail to comply with this notification requirement.
These stipulations ensure that Buns On Fire is informed of potential sales and can adhere to legal requirements, but they do not explicitly restrict who a franchisee can sell to, provided the required notifications are given.