When is the Apricot Lane transfer fee of $30,000 due?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks* |
|---|---|---|---|
| Transfer Fee | $30,000 | Prior to transfer of the franchise or a controlling interest in it | Not applicable to assignment of your interest to a corporation majority- owned by you |
Source: Item 6 — OTHER FEES (FDD pages 11–14)
What This Means (2025 FDD)
According to Apricot Lane's 2025 Franchise Disclosure Document, the transfer fee is $30,000. This fee is due prior to the transfer of the franchise or a controlling interest in the franchise.
However, this transfer fee is not applicable if you are assigning your interest to a corporation majority-owned by you. This means that if you transfer your franchise to a corporation that you control, you will not have to pay the $30,000 transfer fee.
Transfer fees are common in franchising and are intended to compensate the franchisor for their time and expenses in approving a new franchisee. The fee covers the costs associated with reviewing the new franchisee's qualifications, providing training, and updating the franchise agreement. Franchisees should consider the timing and amount of this fee when planning for a potential sale or transfer of their Apricot Lane franchise.