What is the total transfer fee for a 1-800-GOT-JUNK? franchise?
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 total transfer fee for a franchise is $10,000. This fee is paid in two installments. The first payment of $2,500 is due when the franchisee announces their intention to sell the franchise. The remaining balance of $7,500 is due upon the completion of the transfer.
This transfer fee covers 1-800-GOT-JUNK?'s administrative costs associated with the transfer process. It is important for prospective franchisees to understand this fee, as it will impact their financial planning if they decide to sell their franchise in the future. The fee is uniformly imposed and payable to 1-800-GOT-JUNK?, and it is non-refundable.
Transfer fees are a common aspect of franchise agreements, designed to compensate the franchisor for their time and expenses in approving a new franchisee. The $10,000 transfer fee for a 1-800-GOT-JUNK? franchise is within the typical range for franchise systems, but it's crucial to factor this cost into any long-term financial projections.