What happens if the price and terms of payment are too burdensome for the transferee of a Deck Medic franchise?

According to Deck Medic's 2024 Franchise Disclosure Document, the franchisor must approve the material terms and conditions of the transfer. Deck Medic must determine, using their reasonable business judgement, that the price and terms of payment are not so burdensome that they would be detrimental to the future operations of the franchise by the new transferee.

This means that Deck Medic has the right to reject a transfer if they believe the financial terms agreed upon between the franchisee and the potential buyer are unrealistic or unsustainable. This protects the Deck Medic system by ensuring that new owners are set up for success and can meet their financial obligations to the franchisor.

As a prospective franchisee, it's important to understand that any sale of your Deck Medic franchise is contingent on the franchisor's approval of the financial terms. This clause gives Deck Medic significant control over who can buy your franchise and the terms of the sale. Franchisees should discuss potential exit strategies with Deck Medic to fully understand the franchisor's expectations regarding transfer terms.