What is the deadline for completing the sale of a Zoomin Groomin franchise after receiving a Third-Party Offer?
Zoomin_Groomin Franchise · 2025 FDDAnswer from 2025 FDD Document
If we do not exercise our Rights of First Refusal within fifteen (15) days, then you may transfer the Franchised Business or ownership interest according to the Third-Party Offer, provided that you:
- i. satisfy the conditions in Section 7.2 entitled Transfer by You; and
- ii. complete the sale within ninety (90) days from the day on which you received the Third-Party Offer.
If you do not conclude the proposed sale transaction within the 90-day period, the Right of First Refusal granted to us will continue in full force and effect.
Source: Item 9 — 01. Financial Statements and Exhibits. (FDD pages 68–156)
What This Means (2025 FDD)
According to the 2025 Zoomin Groomin Franchise Disclosure Document, if Zoomin Groomin does not exercise its Right of First Refusal within fifteen days of receiving a Third-Party Offer from the franchisee, the franchisee has 90 days from the day they received the Third-Party Offer to complete the sale of the Franchised Business or ownership interest.
However, the franchisee must also satisfy the conditions outlined in Section 7.2, entitled "Transfer by You." If the sale is not concluded within this 90-day period, Zoomin Groomin's Right of First Refusal remains in effect, meaning the franchisee would need to re-offer the business to Zoomin Groomin if they wish to sell at a later date.
This clause ensures that Zoomin Groomin has the first opportunity to buy back a franchise before it is sold to a third party, maintaining control over its brand and network. For a franchisee, it's crucial to adhere to the timelines to avoid complications and potential legal issues, and to be aware that failure to complete the sale within the specified timeframe will reinstate Zoomin Groomin's right of first refusal.