What happens if Fly To Fit Franchise does not exercise its right of first refusal?

According to Fly To Fit's 2024 Franchise Disclosure Document, if Fly To Fit Franchise chooses not to exercise its right of first refusal regarding a proposed transfer of the franchise, the franchisee is then permitted to proceed with the transfer. However, this transfer remains subject to all other terms and conditions outlined in the franchise agreement.

This means that even if Fly To Fit waives its right to buy the franchise back itself, the franchisee must still meet all other requirements for transferring the business to a new owner. These requirements could include ensuring the proposed new owner meets Fly To Fit's standards, receives adequate training, and complies with all system standards.

In essence, Fly To Fit's decision not to exercise its right of first refusal only removes one potential obstacle to the transfer. The franchisee must still navigate the remaining stipulations in the franchise agreement to successfully complete the transfer.