Does Floyds 99 have the option to purchase a franchisee's business?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
tract signed, franchisee signs general release and noncompetition covenant. | | n. | Franchisor’s right of first refusal to acquire franchisee’s business | Section 8.4 | We can match any offer. | | o.
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 44–49)
What This Means (2025 FDD)
According to Floyds 99's 2025 Franchise Disclosure Document, Floyds 99 does not have the option to purchase a franchisee's business. The FDD outlines various provisions related to the franchise and development agreements, including termination conditions, transfer rights, and obligations upon termination or non-renewal.
Specifically, the tables in Item 17 detail the terms related to renewal, termination, transfer, and dispute resolution for both the Franchise Agreement and the Development Agreement. These tables list provisions such as the length of the franchise term, conditions for renewal, termination rights of both the franchisee and franchisor, and obligations upon termination or non-renewal.
Under the provision regarding the franchisor's option to purchase the franchisee's business, the tables state "Not Applicable" in both the Franchise Agreement and the Development Agreement sections. This indicates that Floyds 99 does not retain the option to purchase a franchisee's business, meaning franchisees may have more control over the sale of their business to a third party, subject to Floyds 99's right of first refusal.