When is the balance of the 1-800-GOT-JUNK? transfer fee due?
1_800_Got_Junk Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 6: Other Fees]
Name of Fee Amount Due Date Remarks Transfer Fee $10,000 You are required to pay $2,500 upon announcing your intention to sell, and the balance upon transfer.
Source: Item 6 — Other Fees (FDD pages 11–17)
What This Means (2025 FDD)
According to 1-800-GOT-JUNK?'s 2025 Franchise Disclosure Document, the transfer fee is $10,000. A franchisee is required to pay $2,500 upon announcing their intention to sell their franchise. The balance of the transfer fee is due upon the transfer of the franchise.
For a prospective franchisee, this means that if they decide to sell their 1-800-GOT-JUNK? franchise in the future, they will need to pay a $10,000 transfer fee. The initial payment of $2,500 is due when they announce their intention to sell, with the remaining $7,500 due when the transfer is completed.
It is important for prospective franchisees to factor this transfer fee into their financial planning, as it represents a significant cost associated with selling the franchise. Understanding the timing of these payments can help franchisees manage their cash flow and ensure a smooth transfer process.