What is the transfer fee required by 7 Brew before the transfer's proposed effective date?

According to 7 Brew's 2025 Franchise Disclosure Document, a transfer fee of $10,000 is required before the transfer's proposed effective date. This fee must be paid either by the franchisee (the seller) or the transferee (the buyer).

In addition to the transfer fee, the transferee must agree to repair or replace operating assets and upgrade the 7 Brew store to meet the then-current standards for new locations. This includes potential upgrades to the physical structure of the store. The timeframe for these repairs and upgrades will be specified by 7 Brew following the transfer's effective date.

Furthermore, the franchisee (and their transferring owners) must sign a general release, in a form satisfactory to 7 Brew, releasing any and all claims against 7 Brew and its affiliates. The franchisor must also determine that the purchase price, payment terms, and required financing will not adversely affect the transferee's operation of the store. These conditions ensure that the new franchisee is financially stable and committed to upholding the 7 Brew brand standards.

Franchisees should carefully consider these transfer requirements, as they can significantly impact the overall cost and feasibility of selling their 7 Brew franchise. It is important to factor in the transfer fee, potential upgrade costs, and legal considerations when planning a transfer.