Does Floors To Go have an option to purchase a franchisee's business?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section in Membership Agreement | Summary | |
|---|---|---|---|
| n. | Franchisor's right of f irst refusal to acquire franchisee's business | Not applicable | |
| o. | Franchisor's option to p urchase franchisee's business | Not applicable |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER, AND DISPUTE RESOLUTION (FDD pages 33–36)
What This Means (2025 FDD)
According to the 2025 Floors To Go Franchise Disclosure Document, Floors To Go does not have the option to purchase a franchisee's business. Item 17 outlines the terms for renewal, termination, transfer, and dispute resolution within the franchise agreement.
Specifically, the table within Item 17 details various provisions of the Membership Agreement. Provision 'n' addresses Floors To Go's right of first refusal to acquire a franchisee's business, which is marked as 'Not applicable,' indicating that Floors To Go does not retain this right. Similarly, provision 'o' concerns Floors To Go's option to purchase the franchisee's business, which is also marked as 'Not applicable.'
This means that as a franchisee, you are not obligated to sell your Floors To Go franchise back to the company. However, it's important to carefully review the entire Item 17 and the referenced sections of the Membership Agreement to fully understand the conditions under which a transfer of ownership can occur, including any requirements for franchisor approval or conditions related to death or disability.