Besides the administrative fee, what other fees are due in connection with a Bft franchise transfer?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
form of franchise agreement that will then govern the balance of the Term, or (b) this Agreement is assigned to and assumed by the proposed transferee; (4) the Studio and equipment must be upgraded, refurbished or repaired if Franchisor, in its sole discretion, decides it is necessary; (5) the transferee (a) completes (or has its Operating Principal complete) the Owner/Operator Module and has its Designated Manager complete the Designated Manager Training Program, and (b) has at least one (1) Authorized Instructor prior to reopening, and/or resuming the provision of Approve
Source: Item 23 — RECEIPTS (FDD pages 79–265)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, several fees and conditions beyond the administrative fee may apply when transferring a franchise. If a franchise broker is involved in the purchase of a Bft studio, the proposed transferee must pay Bft a sourcing fee of $30,000.
Additionally, the franchisee must meet several conditions to complete the transfer. These include signing a general release form, ensuring the studio and equipment are upgraded or refurbished if Bft deems it necessary, and ensuring the transferee completes the required training programs. All outstanding monies owed by the franchisee to Bft, its affiliates, and studio suppliers must be paid. There must not be any outstanding defaults on any agreements.
These requirements ensure that the Bft franchise remains in good standing and that the new franchisee is adequately prepared to operate the business. The $30,000 sourcing fee if a broker is used could significantly impact the overall cost of transferring the franchise. Prospective franchisees should carefully review these conditions and associated costs to fully understand the financial implications of transferring a Bft franchise.