What fee must be paid to Aerus when requesting a transfer of interest in the franchise?
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 the 2025 Aerus Franchise Disclosure Document, a franchisee must pay a Transfer Fee at the time they request a transfer of interest in the franchise. The purpose of this fee is to reimburse Aerus for the reasonable expenses it incurs while reviewing the transfer application. The specific amount of the Transfer Fee is detailed in Schedule 3 of the franchise agreement.
This means that if a franchisee wants to sell their Aerus franchise to someone else, or transfer any ownership interest, they will be responsible for covering Aerus's costs to evaluate the potential new franchisee. These costs could include legal fees, administrative expenses, and the time Aerus personnel spend reviewing the application and the transferee's qualifications.
Since the exact amount of the transfer fee is not specified in this excerpt, prospective franchisees should carefully review Schedule 3 of the Aerus franchise agreement to understand the potential cost. It is important to factor this fee into any decision regarding the future sale or transfer of the franchise, as it will impact the overall financial outcome of such a transaction. Franchisees should also inquire whether the transfer fee is a flat amount or if it varies depending on the complexity of the transfer.