What is the relocation fee for a Baya Bar franchise?
Baya_Bar Franchise · 2024 FDDAnswer from 2024 FDD Document
If, during the term of the Franchise Agreement, you wish to relocate your Shop, or if the Shop is damaged or destroyed and cannot be repaired within 60 days, you must submit to us in writing the materials we require to consider your request, including information concerning the proposed new location for the Shop. You must also meet certain other requirements, such as being in compliance with the Franchise Agreement, the location meets our then-current requirements for a Baya Bar Shop and is located within your Designated Territory, and you must sign our then-current form of Franchise Agreement. If we permit you to relocate, you will not pay a new initial franchise fee when you sign the new Franchise Agreement, but you must pay our relocation fee.
Source: Item 12 — TERRITORY (FDD pages 36–40)
What This Means (2024 FDD)
According to Baya Bar's 2024 Franchise Disclosure Document, if a franchisee wishes to relocate their shop, or if the shop is damaged or destroyed and cannot be repaired within 60 days, they must submit a written request to Baya Bar with information concerning the proposed new location. To relocate, the franchisee must be in compliance with the Franchise Agreement, the new location must meet Baya Bar's current requirements, and the franchisee must sign the then-current form of the Franchise Agreement.
If Baya Bar permits the relocation, the franchisee will not have to pay a new initial franchise fee when signing the new Franchise Agreement. However, the franchisee is required to pay Baya Bar's relocation fee.
It is important for a prospective franchisee to inquire about the amount of the relocation fee, as this information is not specified in this section of the FDD. Understanding this fee is crucial for financial planning in the event that relocation becomes necessary during the franchise term.