What is the current fee to transfer an Annex Brands franchise to an immediate family member?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee (1) | Amount | Due Date | Remarks |
|---|---|---|---|
| Transfer of franchise to immediate family member (11) | Currently, $750 | On or before the closing date of the transfer | If you transfer controlling ownership interest in the franchise to an immediate family member as defined in the franchise agreement. |
Source: Item 6 — OTHER FEES (FDD pages 24–32)
What This Means (2025 FDD)
According to Annex Brands' 2025 Franchise Disclosure Document, the current fee to transfer a franchise to an immediate family member is $750. This fee is due on or before the closing date of the transfer. This applies when a franchisee transfers controlling ownership interest in the franchise to an immediate family member, as defined in the franchise agreement.
It is important to note that the definition of "immediate family member" is specified in the franchise agreement, so prospective franchisees should review that section carefully to understand who qualifies under this definition. This fee is considerably less than the standard franchise transfer fee, which is 15% of the then-current non-discounted initial franchise fee.
This reduced fee for transfers to immediate family members can be a significant benefit for franchisees who plan to pass their business on to their children or other close relatives. It allows for a smoother and more affordable transition of ownership within the family. However, it is critical to comply with all requirements and deadlines to ensure the transfer is processed correctly and the reduced fee is applied.