What is the Aira Fitness transfer fee associated with transferring the franchise?

According to Aira Fitness's 2025 Franchise Disclosure Document, the transfer fee 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 franchise in the future. The fee could be either a fixed amount ($5,000) or a potentially larger amount, depending on what the initial franchise fee is at the time of the transfer if the buyer is not already an Aira Fitness franchisee. This could impact the profitability of selling the franchise.

It's also important to note that any attempted transfer without prior written consent from Aira Fitness, or that doesn't comply with the terms of the franchise agreement, will be considered void. In such cases, Aira Fitness has the right to either terminate the agreement or collect from the franchisee and guarantors a transfer fee equal to two times the standard transfer fee. This highlights the importance of adhering to the proper transfer procedures outlined in the franchise agreement.

Additionally, in the event of death, disability, or incapacitation of an owner, the heir or successor-in-interest must apply for consent to continue as an owner, 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 will be payable to Aira Fitness, and Aira Fitness will not have a right of first refusal.