According to the Aerus FDD, what does the transfer fee consist of?
Aerus Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee will pay, at the time of the request for Transfer, a Transfer Fee as described in Schedule 3 to reimburse Company for Company's reasonable expenses associated with reviewing the application to Transfer.
Source: Item 23 — Receipts (FDD pages 74–305)
What This Means (2025 FDD)
According to Aerus's 2025 Franchise Disclosure Document, a franchisee must pay a transfer fee at the time of requesting a transfer. This fee is detailed in Schedule 3 and is intended to reimburse Aerus for the reasonable expenses it incurs while reviewing the transfer application.
This means that if a franchisee decides to sell their Aerus franchise to someone else, they will be responsible for covering Aerus's costs associated with the transfer process. These costs likely include administrative and legal expenses related to reviewing the potential buyer's application and ensuring they meet Aerus's standards.
The FDD specifies that the exact amount and details of the transfer fee are found in Schedule 3. A prospective franchisee should carefully review Schedule 3 to understand the specific costs they might incur if they decide to transfer their franchise in the future. Understanding these costs is crucial for financial planning and assessing the overall profitability of the Aerus franchise.