What is the condition regarding the terms of the transfer if Dermani Medspa elects not to exercise its rights?

Based on the 2025 Dermani Medspa Franchise Disclosure Document, the company has the "right of first refusal" to purchase and acquire a franchised business under various circumstances. However, the management team does not currently plan to exercise this right of first refusal.

This means that while Dermani Medspa technically has the option to buy back a franchise under certain conditions, the current intention of the company is not to do so. For a prospective franchisee, this could indicate a greater degree of autonomy in operating their Dermani Medspa location, as the likelihood of the franchisor intervening to repurchase the business appears low.

However, it is important for a potential franchisee to understand the specific circumstances under which Dermani Medspa could exercise its right of first refusal. These circumstances are detailed more fully in the Franchise Disclosure Document, but are not specified in this excerpt. A franchisee should clarify these conditions to fully understand their implications. For example, it would be prudent to ask what specific events (e.g. franchisee death/incapacity, failure to meet performance metrics, or an unsolicited offer from a third party) would trigger Dermani Medspa's right to first refusal, and what formula or process would be used to determine the purchase price.