Under what circumstances is the Initial Franchise Fee waived for a Beverly Anns Cookie franchise?
Beverly_Anns_Cookie Franchise · 2025 FDDAnswer from 2025 FDD Document
ised Business.
- 16.4.3 Monetary Obligations. All of your monetary obligations to us and our affiliates have been paid in full and you and the Owners are in full compliance with the terms of this Franchise Agreement and all other agreements with us or our affiliate(s).
- 16.3.5 Compliance with Franchise Agreement. You have not violated any provision of this Franchise Agreement or any other agreement with us during both the 60-day period before you requested our consent to the transfer and the period between your request and the effective date of the transfer.
- 16.3.6 Training. The transferee has (or if the transferee is an Entity, its approved Managing Owner and any Franchise Manager have) successfully completed, or made arrangements to attend, the initial training program (and the transferee has paid us the training fee for each new person who must attend training).
- 16.3.7 Licenses and Permits. The transferee and its owners, to the extent necessary, have obtained all licenses and permits required by applicable law to own and operate the Franchised Business.
- 16.3.8 New Franchise Agreement. You must request
Source: Item 23 — RECEIPTS (FDD pages 57–235)
What This Means (2025 FDD)
According to the 2025 Beverly Anns Cookie Franchise Disclosure Document, the initial franchise fee is waived when an existing franchisee transfers their franchise to a new owner. Specifically, the new owner, or transferee, does not have to pay a separate initial franchise fee.
However, this waiver is conditional. The transferee must sign Beverly Anns Cookie's current form of franchise agreement and related documents. The term and successor terms of the agreement remain the same as the original agreement.
While the initial franchise fee is waived, the franchisee making the transfer is responsible for paying a transfer fee to Beverly Anns Cookie. This fee is either $7,500 if the transferee is an existing Beverly Ann's Cookie Truck franchisee, or $10,000 if the transferee is not a current franchisee, plus $1,000 for each piece of Additional Equipment transferred.