When is the transfer fee due for an All States M.E.D. franchise?
All_States_M_E_D Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Transfer Fee | $15,000 | Before transfer completed | No charge if Franchise Agreement transferred to an entity you control. The amount of this fee is subject to applicable state law. FA 18.2(h). |
Source: Item 6 — OTHER FEES (FDD pages 12–16)
What This Means (2024 FDD)
According to All States M.E.D.'s 2024 Franchise Disclosure Document, the transfer fee is due before the transfer is completed. The standard transfer fee is $15,000. However, the amount of this fee is subject to applicable state law, so it could vary depending on the location of the franchise.
It is important to note that the transfer fee is not charged if the Franchise Agreement is transferred to an entity that the franchisee controls. This provides some flexibility for franchisees who may want to restructure their business ownership without incurring additional fees.
Prospective franchisees should be aware of these conditions and consider them when planning for the future of their All States M.E.D. franchise. Understanding the circumstances under which a transfer fee is required can help in making informed business decisions and avoiding unexpected costs.