Is there a transfer fee associated with transferring an Aira Fitness franchise?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
Transfer Fee.
If the transferee is an existing AIRA FITNESS franchisee, you must pay us a transfer fee equal to Five Thousand Dollars ($5,000); if the transferee is not an existing AIRA FITNESS franchisee, you must pay us a transfer fee equal to our then-current initial franchise fee.
- D.
Death, Disability or Incapacity.
If any individual who is an Owner dies or becomes disabled or incapacitated and the decedent's or disabled or incapacitated person's heir or successor-in-interest wishes to continue as an Owner, such person or entity must apply for our consent under Section 12.B, comply with the training requirements of Section 7.B, pay the transfer fee, if applicable, under Section 12.C, and satisfy the transfer conditions under Section 12.C, as in any other case of a proposed transfer, all within one hundred eighty (180) days of the death or event of disability or incapacity.
If the transferee of the decedent or disabled or incapacitated person is the spouse or child of such person, the transfer conditions in Section 12.C will apply; provided no transfer fee will be payable to us and we will not have a right of first refusal as stated in Section 12.E.
Any attempted transfer by you without our prior written consent or otherwise not in compliance with the terms of this Agreement will be void and will provide us with the right to elect either to default and terminate this Agreement or to collect from you and the guarantors a transfer fee equal to two times the transfer fee provided for in Section 12.C.
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, a transfer fee is required to transfer a franchise. If the transferee is an existing Aira Fitness franchisee, the transfer fee is $5,000. If the transferee is not an existing Aira Fitness franchisee, the transfer fee is equal to the then-current initial franchise fee.
In the event of death, disability, or incapacitation of an owner, the heir or successor must apply for consent, comply with training requirements, and pay the transfer fee, if applicable, within 180 days. However, if the transferee is the spouse or child of the deceased or disabled person, no transfer fee is payable, and Aira Fitness will not have the right of first refusal.
Additionally, any attempted transfer without prior written consent from Aira Fitness or not in compliance with the agreement terms will be considered void. In such cases, Aira Fitness has the right to either terminate the agreement or collect a transfer fee equal to two times the standard transfer fee.