Under what condition is the B Bops transfer fee waived due to death or disability?
B_Bops Franchise · 2025 FDDAnswer from 2025 FDD Document
3 The transfer fee must be paid in connection with any transfer of the Franchise as a whole or as a result of the transfer of any controlling ownership interest in the entity which owns the Franchise, except that payment of the fee is not required if: (i) you are a natural person and you transfer the Franchise to an entity of which you will be the majority owner and act as the principal executive; or (ii) the Franchise, or a controlling ownership interest in the entity owing the Franchise, must be transferred as a result of your death or disability. A transfer fee of $3,000 must also be paid under the Development Agreement in connection with any transfer of the development rights or any transfer of a controlling ownership interest in the entity which owns the development rights, subject to the same two exceptions noted above. See Item 17 of this disclosure document.
Source: Item 6 — OTHER FEES (FDD pages 14–18)
What This Means (2025 FDD)
According to B Bops's 2025 Franchise Disclosure Document, the transfer fee is waived if the franchise or a controlling ownership interest in the entity owning the B Bops franchise must be transferred as a result of the franchisee's death or disability.
Specifically, the standard transfer fee for a B Bops franchise is $3,000. This fee is generally required when transferring the franchise or a controlling ownership interest in the entity that owns the franchise. However, the FDD outlines exceptions to this rule.
One such exception is in the event of death or disability. If the transfer of the B Bops franchise or the controlling ownership interest is necessitated by the death or disability of the franchisee, the $3,000 transfer fee will be waived. This provision aims to ease the burden on the franchisee's estate or the disabled franchisee during difficult times.