What must a Floyds 99 franchisee do to notify the franchisor of an offer to purchase their rights?

According to Floyds 99's 2025 Franchise Disclosure Document, if a franchisee wishes to transfer their rights under the Franchise Agreement, any interest in it, or any part or portion of any business entity that owns it, or all or a substantial portion of the assets of the Floyds 99 Shop, they must first grant Floyds 99 a 90-day right of first refusal. This gives Floyds 99 the option to purchase the rights, interest, or assets on the same terms and conditions as those in the written offer the franchisee received from a proposed purchaser.

This right of first refusal is subject to additional terms and conditions outlined in the Franchise Agreement. The franchisee must provide Floyds 99 with a written notice of the proposed transfer, including all terms and conditions of the offer. This allows Floyds 99 to evaluate the offer and decide whether to exercise its right to purchase the franchise on those terms.

This clause is a standard practice in franchising, allowing the franchisor to maintain control over who enters the system and ensuring brand consistency. It also protects the franchisor's investment in the brand and its relationships with other franchisees. For a prospective Floyds 99 franchisee, this means that selling the franchise isn't as simple as accepting an offer; the franchisor has the first opportunity to buy it themselves.