What are the transfer and training fees associated with an assignment to a new franchisee for Amorino?

According to Amorino's 2025 Franchise Disclosure Document, a transfer of the franchise to a new franchisee requires payment of a transfer fee as specified in the Data Sheet. The transferring franchisee or the new transferee is responsible for this fee. In addition to the transfer fee, the transferring franchisee or transferee must reimburse Amorino for reasonable costs and expenses incurred during the transfer process. These expenses include legal fees and the costs associated with conducting background checks on the transferee and their Principals. Even if the transfer is not completed, the transferring franchisee is still responsible for reimbursing Amorino for these costs.

Furthermore, the transferee is required to complete Amorino's then-current initial training program to the franchisor's satisfaction. The FDD does not specify the exact cost of this training program in the context of a transfer. However, it does state that for additional training programs Amorino may require, the franchisee must pay Amorino for the reasonable cost of providing the Additional Training (currently up to $400 per day) and to pay all related costs and expenses, including salary, travel, lodging, and dining costs for all individuals who participate in the training.

Prospective franchisees should note that the transferee must meet Amorino's educational, managerial, and business standards, possess a good moral character, business reputation, and credit rating, and have the aptitude and ability to conduct the Franchised Business. The transferee must also have adequate financial resources and capital to operate the store and reside or be based near the store. The new franchisee will also need to execute Amorino's then-current form of franchise agreement, which may have materially different terms than the original agreement, including different royalty fees and advertising obligations. The term of the new agreement will be the remaining term of the original agreement at the time of transfer, without any rights of renewal.

In summary, transferring an Amorino franchise involves a transfer fee (amount specified in the Data Sheet), reimbursement of Amorino's costs, completion of the initial training program by the transferee, and adherence to Amorino's standards for new franchisees. A prospective franchisee should clarify the exact amount of the transfer fee and the costs associated with the initial training program during the transfer process with Amorino.