When is the first 50% of the Transfer Fee due and payable to Bevaris Alliance?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
Transfer Fee. 50% of the then current initial franchise fee.
Source: Item 23 — RECEIPT (FDD pages 22–88)
What This Means (2024 FDD)
According to the 2024 Bevaris Alliance Franchise Disclosure Document, the definition of "Transfer Fee" is provided. The Transfer Fee is defined as 50% of the then-current initial franchise fee. However, the FDD excerpt does not specify when this transfer fee is due to Bevaris Alliance.
Because the FDD excerpt does not provide the due date for the transfer fee, prospective franchisees should inquire directly with Bevaris Alliance about the specific payment terms and conditions related to franchise transfers.
Understanding the timing of this payment is crucial for managing the financial aspects of a potential franchise transfer. This information will help a prospective franchisee plan for the costs associated with selling their franchise.