Is the Afuri Ramen Dumpling transfer fee a fixed amount, or can it vary?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
n default in any way under the Franchise Agreement or any other agreement between it and Franchisor.
- G. Transferee will pay for and complete to Franchisor's exclusive satisfaction the training programs now required of new franchisees. [Transferee has completed to Franchisor's satisfaction the training programs now required of new franchisees.] [Transferee has demonstrated to Franchisor's satisfaction sufficient ability to successfully operate the franchise]. Franchisee or Transferee have submitted to Franchisor, u
Source: Item 23 — Receipts (FDD pages 50–189)
What This Means (2024 FDD)
According to the 2024 Afuri Ramen Dumpling Franchise Disclosure Document, the transfer fee is not a fixed amount. The document states that the franchisee or transferee must submit a transfer fee to Afuri Ramen Dumpling upon the execution of the agreement, but the amount is left blank as "$---".
In addition to the transfer fee, the franchisee may also have to pay Afuri Ramen Dumpling a percentage commission on the gross transfer price, excluding the price of real property. The amount of this commission is also left blank as "$---" in the agreement.
This suggests that the transfer fee and commission are variable and may be determined on a case-by-case basis. A prospective franchisee should inquire with Afuri Ramen Dumpling about how the transfer fee and commission are calculated and what factors influence the final amount.