Where in Appendix A of the Azal Coffee franchise agreement can I find the amount of the Initial Franchise Fee?
Azal_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
D. Initial Franchise Fee; Transfer Fee . You are not required to pay the initial franchise fee specified in Section 4.1 of the Franchise Agreement. In lieu of the initial franchise fee, you (or the Seller) must pay a transfer fee in the amount of $ The transfer fee is payable on or before the signing of this Addendum.
Source: Item 22 — CONTRACTS (FDD page 51)
What This Means (2024 FDD)
According to Azal Coffee's 2024 Franchise Disclosure Document, the initial franchise fee is addressed in an addendum to the franchise agreement, specifically for franchisees acquiring an existing Azal Coffee store. Instead of paying the standard initial franchise fee outlined in Section 4.1 of the Franchise Agreement, these franchisees pay a transfer fee.
The exact amount of the transfer fee is not specified in this excerpt but is indicated by a blank space "$ " within the document. This transfer fee is due upon signing the addendum.
This information is located in 'Item 22: Contracts' of the FDD, which includes addenda that modify the standard franchise agreement for specific situations like the transfer of an existing franchise. A prospective franchisee should carefully review this addendum to understand the financial obligations when purchasing an existing Azal Coffee location, and should confirm the exact transfer fee amount with the franchisor.