For what purpose does Sunoco charge the $1,000 transfer evaluation fee 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 charges a $1,000 transfer evaluation fee to cover a portion of their expenses when evaluating the franchise application of a proposed transferee or assignee. This fee is associated with the process of transferring the Aplus franchise to a new owner.
For a prospective Aplus franchisee, this means that if they decide to sell their franchise to someone else, the potential buyer will need to undergo an evaluation process by Sunoco. Sunoco charges this $1,000 fee to offset some of the costs they incur while reviewing the transferee's application and qualifications.
This fee is non-refundable and is intended to cover expenses related to assessing the suitability of the proposed new franchisee. It is important to note that this fee is separate from any other transfer fees that may be applicable, such as the $15,000 transfer fee mentioned in Section 18.2.8. The $1,000 fee specifically addresses the cost of evaluating the transferee's application.