What is the transfer fee for an assignment or transfer of the Aira Fitness Development Agreement?

According to Aira Fitness's 2025 Franchise Disclosure Document, the transfer fee for an assignment or transfer of the Aira Fitness Development Agreement depends on whether the transferee is an existing Aira Fitness franchisee. If the transferee is an existing 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.

This means that a prospective Aira Fitness franchisee needs to consider the potential cost of transferring their development agreement. The fee could be either a fixed amount ($5,000) or a variable amount equal to the initial franchise fee at the time of the transfer, which could be significantly higher. This is a standard practice in franchising, as franchisors typically charge a fee to cover the costs associated with reviewing and approving the transfer, as well as to ensure that the new franchisee is qualified to operate the business.

It is important for a prospective franchisee to understand the conditions and requirements for transferring the Development Agreement, including obtaining Aira Fitness's consent, complying with training requirements, and executing necessary transfer documents and releases. Additionally, the transferee may need to execute the then-current form of franchise agreement if the transfer results in a change of control of the franchisee. A prospective franchisee should inquire about the current initial franchise fee to fully understand the potential transfer costs.