When is the Transfer Fee due for a Beauty Bungalows franchise?
Beauty_Bungalows Franchise · 2025 FDDAnswer from 2025 FDD Document
r your site selection efforts. | | Transfer Fee (Franchise Agreement) (Note 6) | $5,000 plus any broker fees associated with the transfer or sale, per location. | Prior to acceptance of transfer. You must pay us a $1,000 non refundable deposit due at the time of application. The remaining balance is due at the time of approval of the transfer. | Payable before you sell your franchise. | | Type of Fee | Amount | Due Date | Remarks | |-----------------------|--------------------------------------------------|------------------------------------------|----------------------------------------------------------------------------------| | Transfer Fee | $5,000 plus any | Prior to acceptance of | This fee is payable for each | | | | | location | | (Development | broker fees associated | transfer. You must | for which a franchise agreement has | | Agreement) | with the transfer or | pay us a $1,000 non | been signed under the ADA. | | (Note | | | | | 6) | sale. | refundable deposit | | | | | due at the time of | | | | | application. The | | | | | remaining balance is | | | | | due at the time of | | | | | approval of the | | | | | transfer.
Source: Item 6 — OTHER FEES (FDD pages 11–15)
What This Means (2025 FDD)
According to Beauty Bungalows's 2025 Franchise Disclosure Document, the Transfer Fee is due prior to the acceptance of the transfer. The fee is $5,000 plus any broker fees associated with the transfer or sale, per location.
Specifically, a Beauty Bungalows franchisee must pay a $1,000 non-refundable deposit at the time of application for the transfer. The remaining balance of the Transfer Fee is due at the time of approval of the transfer. This means that a franchisee looking to sell their Beauty Bungalows franchise will need to budget for these costs upfront as part of the transfer process.
It is important to note that in certain situations, a Beauty Bungalows franchisee may not be required to pay a transfer fee. According to Item 6, no Transfer Fee is required if you transfer your Beauty Bungalows Franchise to a corporation in which you are the majority stockholder, or if you transfer the Beauty Bungalows Franchise to your child, parent, sibling, or spouse.