Under what circumstances does Fly To Fit have a right of first refusal to acquire my business?

According to Fly To Fit's 2024 Franchise Disclosure Document, Fly To Fit has a right of first refusal if a franchisee wants to transfer their business. This stipulation, detailed in the Franchise Agreement under Section 15.5, means that before a franchisee can sell or transfer their Fly To Fit franchise to a third party, they must first offer Fly To Fit the opportunity to purchase the business on the same terms.

This right of first refusal does not apply to transfers to a co-owner, spouse, sibling, or child. This exception allows for familial succession or business partner transitions without triggering Fly To Fit's intervention. However, any other potential buyer would first need to be vetted by Fly To Fit, giving them the option to buy the franchise themselves before it goes to an outside party.

For a prospective Fly To Fit franchisee, this clause means that exiting the business through a sale may involve an additional step. While it doesn't prevent a sale, it does give Fly To Fit control over who ultimately becomes the new owner, ensuring that the brand's interests are protected. Franchisees should consider this when planning their exit strategy, as it could potentially delay or alter the sale of their franchise.