How long after receiving notice do I have to exercise my right to purchase a Caring Transitions territory?
Caring_Transitions Franchise · 2025 FDDAnswer from 2025 FDD Document
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Your franchise agreement does not give you any option, right of first refusal, or similar right to acquire additional franchises, but you may purchase a right of first refusal to purchase an additional franchise territory. The price for a right of first refusal is $3,000, which would be credited toward the initial franchise fee if you exercise the right of first refusal. A right of first refusal will give you the right to purchase a specific territory first if another prospective purchaser shows an interest in purchasing the territory within 1 year after you purchase the right of first refusal. You would have 7 calendar days after receipt of notice to exercise the right. Caring Transitions must receive the entire balance of the then current initial franchise fee for the right of first refusal territory by the seventh day after you receive the notice. A right of first refusal lasts for 1 year. The right of first refusal agreement is attached to this disclosure document as Exhibi
Source: Item 5 — INITIAL FEES (FDD pages 12–13)
What This Means (2025 FDD)
According to Caring Transitions's 2025 Franchise Disclosure Document, franchisees have a limited time to exercise their right of first refusal to purchase an additional territory. Specifically, if another prospective buyer shows interest in a territory within one year after a franchisee purchases the right of first refusal, the franchisee holding that right will receive a notice.
The franchisee then has a strict deadline of seven calendar days from the receipt of that notice to decide whether to exercise their right and purchase the territory. To complete the purchase, Caring Transitions must receive the full initial franchise fee for that territory within those same seven days.
This time-sensitive condition means a prospective Caring Transitions franchisee needs to be prepared to act quickly if they hold a right of first refusal and another buyer emerges. They should have financing options readily available to avoid missing the deadline and losing the opportunity to expand their business.