What is the transfer fee for assigning 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, a transfer fee is required when a franchisee transfers their business. Specifically, the franchisee must pay the amount specified as the "Transfer Fee" in the Data Sheet, in addition to reimbursing Amorino for reasonable costs and expenses, including legal fees, incurred during the transfer process. This reimbursement also covers Amorino's costs to obtain background checks on the transferee and its Principals. Even if the transfer is not completed, the franchisee is still responsible for reimbursing Amorino's costs and expenses.
In the event that an individual franchisee wishes to transfer their interest to a Business Entity for operational convenience, they must first obtain Amorino's consent. To gain this consent, the franchisee must provide certain documents and evidence that the Business Entity meets specific requirements.
Prospective Amorino franchisees should carefully review the Data Sheet within the FDD to understand the exact transfer fee amount. They should also factor in potential legal and administrative costs associated with the transfer, regardless of whether the transfer is ultimately completed. Understanding these costs is crucial for financial planning and decision-making related to selling or transferring the franchise in the future.