Under what circumstances is a transfer fee required for a Bens Soft Pretzels franchise transfer?
Bens_Soft_Pretzels Franchise · 2025 FDDAnswer from 2025 FDD Document
- C. Transfer Fee. You must pay to us a transfer fee in the amount of 50% of our thencurrent initial franchise fee. The transfer fee is nonrefundable even if, for any reason, the proposed transfer does not occur.
Source: Item 22 — CONTRACTS (FDD pages 46–47)
What This Means (2025 FDD)
According to the 2025 Bens Soft Pretzels Franchise Disclosure Document, a transfer fee is required when a franchisee transfers their franchise. The transfer fee is 50% of the then-current initial franchise fee. This fee must be paid to Bens Soft Pretzels.
It is important to note that the transfer fee is nonrefundable, regardless of whether the proposed transfer is completed. This means that if the transfer falls through for any reason, the franchisee will not receive a refund of the transfer fee.
In addition to the transfer fee, Bens Soft Pretzels also requires that certain conditions are met before a transfer can be approved. These conditions include the assignee meeting the current requirements for a Bens Soft Pretzels franchise, all outstanding amounts owed to Bens Soft Pretzels being paid, and the franchisee providing all required reports. The franchisee, owners, and guarantors must also sign a general release of all claims. The assignee must also comply with training requirements.