What is the deadline for a Big Apple Bagels franchisee to pay the transfer fee?
Big_Apple_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
t. All of the following conditions must be met prior to or concurrently with the effective date of the transfer (unless otherwise specified):
- (1) the assignee, transferee or purchaser shall have been approved by Franchis
Source: Item 22 — CONTRACTS (FDD pages 86–87)
What This Means (2025 FDD)
According to Big Apple Bagels' 2025 Franchise Disclosure Document, a franchisee must pay the transfer fee of $5,000 before the transferee attends the required training program. This fee is not refundable, regardless of the circumstances.
This means that if a franchisee decides to sell their Big Apple Bagels franchise, they must remit the $5,000 transfer fee to Big Apple Bagels before the person buying the franchise (the transferee) begins their training. This is a prerequisite, and the training cannot commence until the fee is paid.
Since the $5,000 transfer fee is non-refundable, the franchisee will not get the money back even if the transfer does not go through. Therefore, the franchisee should ensure that the transfer is likely to proceed before paying the fee to Big Apple Bagels.