What is the amount of the transfer evaluation fee that Sunoco reserves the right to charge for an Aplus franchise?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
his Agreement, unless prohibited by the laws of the state wherein Franchisee resided, with such choice of law provision being applicable only for this Section 18.6. During such one hundred ei
Source: Item 23 — RECEIPT (FDD pages 68–302)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, Sunoco reserves the right to charge a transfer evaluation fee. This fee is $1,000.
This fee covers a portion of Sunoco's expenses when evaluating the franchise application of a proposed transferee or assignee. In simpler terms, if an Aplus franchisee wants to sell or transfer their franchise to someone else, Sunoco may charge this fee to help cover the costs of reviewing the potential new franchisee's application.
It's important for prospective franchisees to understand that this fee is not guaranteed; Sunoco only reserves the right to charge it. However, franchisees should be prepared to pay this amount if they decide to sell their Aplus franchise in the future. This is a fairly standard practice in franchising, as franchisors typically want to ensure that any new franchisees meet their standards and have the financial resources to operate the business successfully.