What training is required of the transferee-franchisee by Batteries Plus Bulbs, and is there a fee?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
The transferee-franchisee successfully completes the initial training program required of new franchisees and pays Franchisor the then-current resale training fee;
Source: Item 22 — Contracts (FDD page 80)
What This Means (2025 FDD)
According to Batteries Plus Bulbs' 2025 Franchise Disclosure Document, a transferee-franchisee must successfully complete the initial training program that is required of all new franchisees. The transferee-franchisee is also responsible for paying the then-current resale training fee to Batteries Plus Bulbs. This condition is part of the requirements that must be met for a franchise to be transferred.
This means that if you are looking to buy an existing Batteries Plus Bulbs franchise from a current franchisee, you will need to undergo the same initial training as someone starting a new franchise. This ensures that all franchisees, whether new or transferees, operate the business according to Batteries Plus Bulbs' standards. The FDD does not specify the length, content, or location of this training, only that it must be completed.
In addition to completing the training, you will also have to pay a resale training fee, the amount of which is not specified in this excerpt but is described as the 'then-current' fee. This fee likely covers the cost of the training program and ensures that Batteries Plus Bulbs is compensated for providing the training to the new franchisee. A prospective franchisee should inquire about the specific amount of this fee and the details of the training program during their due diligence.
It is important to note that the FDD excerpt does not detail the specifics of the initial training program, such as its duration, location, or content. A prospective franchisee should ask Batteries Plus Bulbs for more information about the training program and the resale training fee to fully understand the requirements and costs associated with becoming a transferee-franchisee.