What is the Transfer fee for an Aunt Millies Bakeries franchise, and when is it due?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Transfer1 | 2% of sale | Prior to consummation of | To cover administrative activities we undertake |
| price | transfer to anyone | in connection with the transfer |
Source: Item 6 — OTHER FEES (FDD pages 13–15)
What This Means (2025 FDD)
According to Aunt Millies Bakeries's 2025 Franchise Disclosure Document, the transfer fee is 2% of the sale price. This fee is due prior to the consummation of the transfer to anyone.
The transfer fee covers the administrative activities that Aunt Millies Bakeries undertakes in connection with the transfer. This means that if a franchisee decides to sell their Aunt Millies Bakeries franchise to a new owner, they will be required to pay Aunt Millies Bakeries 2% of the total selling price before the transaction is finalized.
Transfer fees are a common aspect of franchising, designed to compensate the franchisor for their time and expenses in vetting and approving a new franchisee. The fee helps Aunt Millies Bakeries ensure that any new franchisee meets their standards and is properly integrated into the system. Franchisees should factor this cost into their financial planning when considering selling their franchise.