What fees are associated with the transfer of an Amorino franchise?
Amorino Franchise · 2025 FDDAnswer from 2025 FDD Document
- (10) You or the transferee shall have paid the amount specified as the "Transfer Fee" in the Data Sheet plus the reimbursement of our reasonable costs and expenses incurred in connection with the transfer (including legal fees), including our costs to obtain background checks on the transferee and its Principals.
You agree that you shall reimburse us for our reasonable costs and expenses (including legal fees) incurred in connection with the transfer even if the transfer is not ultimately completed.
Source: Item 22 — CONTRACTS (FDD pages 80–81)
What This Means (2025 FDD)
According to Amorino's 2025 Franchise Disclosure Document, when transferring a franchise, you must pay a transfer fee and reimburse Amorino for reasonable costs and expenses, including legal fees and background check costs for the transferee and their Principals. This fee is specified in the Data Sheet. Even if the transfer is not completed, you are still responsible for reimbursing Amorino's costs and expenses.
Before a transfer can occur, several conditions must be met. All monetary and other obligations to Amorino and its affiliates must be current and fully satisfied. The franchisee must be in full compliance with all agreements with Amorino and its suppliers. Amorino must receive a completed "Amorino Transfer Disclosure Form," a copy of the proposed transfer agreements, including sale terms, and the lease agreement at least 30 days before the proposed transfer. Amorino must also determine that the sale terms will not negatively affect the franchised business's viability.
The transferee must meet Amorino's standards for education, management, and business acumen, possess good moral character, business reputation, and credit rating, and have the aptitude and financial resources to operate the store. Both the transferring franchisee and their owners must sign a release of all claims against Amorino. The transferee must execute Amorino's current franchise agreement, which may have different terms than the original agreement, and complete Amorino's initial training program. All owners must sign a reaffirmation of confidentiality and non-competition obligations with Amorino. The store must also comply with Amorino's current standards, or the transferee must present an acceptable remodeling plan for approval.