What is the Franchise Agreement Transfer Fee for a Big Air Trampoline Park franchise?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Franchise Agreement Transfer Fee† | $10,000 | Before acceptance of transfer | Payable before you transfer your Franchise to a third party. No fee is charged to an individual or partnership franchisee that transfers its rights to a corporation controlled by the same interest holders. |
Source: Item 6 — OTHER FEES (FDD pages 10–15)
What This Means (2025 FDD)
According to Big Air Trampoline Park's 2025 Franchise Disclosure Document, the Franchise Agreement Transfer Fee is $10,000. This fee is payable before you transfer your franchise to a third party. However, the FDD specifies that no transfer fee is charged to an individual or partnership franchisee that transfers its rights to a corporation controlled by the same interest holders.
This means that if you decide to sell your Big Air Trampoline Park franchise to someone else, you will need to pay Big Air Trampoline Park $10,000 before the transfer can be completed. This fee likely covers the franchisor's administrative costs associated with reviewing and approving the transfer, as well as updating their records. It is a fairly standard fee in the franchise industry.
However, if you are simply changing the legal structure of your business (for example, from a sole proprietorship to a corporation) and the ownership remains the same, you will not be required to pay this transfer fee. This exception is beneficial for franchisees who may want to incorporate their business for liability or tax purposes without incurring additional costs. It is important to note that the transfer fee is payable before the transfer is accepted, so franchisees should factor this cost into their financial planning when considering a sale.