What is the transfer fee for a controlling interest in a Benihana franchise?

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| NAME OF FEE                              | AMOUNT                                                                                        | DUE DATE                                          | REMARKS                                                                                                                                                                                                                                                                                                                                                                                                                    |
|------------------------------------------|-----------------------------------------------------------------------------------------------|---------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Local Advertising Spend               | 2% of Gross Sales                                                                             | As incurred                                       | You must expend not less than 2% of Gross Sales for local print, radio, digital and television and/or billboard display advertising and local marketing and promotion.                                                                                                                                                                                                                                   |
| Audit (1)                                | Cost of audit plus 18% interest on the underpayment from the date of underpayment | As Incurred                                       | 18% interest is due on all past due amounts. Audit costs are payable only if audit shows 3% or more understatement of Gross Sales in any report.                                                                                                                                                                                                                                                            |
| Transfer (1)                             | \$10,000 (for controlling interest) / \$1,000 for non controlling interest           | Prior to consummation of transfer           | Payable on sale or transfer of interest in franchise.                                                                                                                                                                                                                                                                                                                                                                   |
| Successor Franchise Agreement Fee (1) | 20% of the then current franchise fee                                                      | On signing of Successor Franchise Agreement | Non-Refundable                                                                                                                                                                                                                                                                                                                                                                                                             |
| Interest, Costs & Attorneys' Fees     | Lump Sum                                                                                      | As Incurred                                       | If any payment is overdue, you must pay to us, in addition to the overdue amount, interest on the overdue amount of 18% per annum, or the maximum rate of interest permitted by law, whichever is less. In any legal actions between the parties, we can recover any amount due or in default, with interest, and the costs of the action, including reasonable attorneys' fees. |
| Indemnification                          | Will vary depending on circumstances                                                       | As Incurred                                       | You must pay to us all costs, losses, damages, expenses, claims, demands, and liabilities that we incur directly or indirectly from, as a result of, or related to the construction, operation, condition, use or occupancy of the Restaurant.                                                                                                                                                  |
| Insurance                                | Cost of insurance plus 5%                                                                  | As Incurred                                       | If you do not pay your insurance premiums for any insu

Source: Item 6 — OTHER FEES (FDD pages 18–21)

What is the transfer fee for a controlling interest in a Benihana franchise?

Answer from 2024 FDD Document

What This Means (2024 FDD)

NAME OF FEE	AMOUNT	DUE DATE	REMARKS
Local Advertising Spend	2% of Gross Sales	As incurred	You must expend not less than 2% of Gross Sales for local print, radio, digital and television and/or billboard display advertising and local marketing and promotion.
Audit (1)	Cost of audit plus 18% interest on the underpayment from the date of underpayment	As Incurred	18% interest is due on all past due amounts. Audit costs are payable only if audit shows 3% or more understatement of Gross Sales in any report.
Transfer (1)	$10,000 (for controlling interest) / $1,000 for non controlling interest	Prior to consummation of transfer	Payable on sale or transfer of interest in franchise.
Successor Franchise Agreement Fee (1)	20% of the then current franchise fee	On signing of Successor Franchise Agreement	Non-Refundable
Interest, Costs & Attorneys' Fees	Lump Sum	As Incurred	If any payment is overdue, you must pay to us, in addition to the overdue amount, interest on the overdue amount of 18% per annum, or the maximum rate of interest permitted by law, whichever is less. In any legal actions between the parties, we can recover any amount due or in default, with interest, and the costs of the action, including reasonable attorneys' fees.
Indemnification	Will vary depending on circumstances	As Incurred	You must pay to us all costs, losses, damages, expenses, claims, demands, and liabilities that we incur directly or indirectly from, as a result of, or related to the construction, operation, condition, use or occupancy of the Restaurant.
Insurance	Cost of insurance plus 5%	As Incurred	If you do not pay your insurance premiums for any insu