What is the condition for Bigfoot Forestry to collect transfer fees from Washington franchisees?
Bigfoot_Forestry Franchise · 2025 FDDAnswer from 2025 FDD Document
ment agreement (unless we, in our sole discretion, instruct you to assign this Agreement to the transferee) except that: (i) the Term shall be the Term remaining under this Agreement; (ii) the transferee need not pay a separate development fee; and (iii) the Development Schedule and Development Territory shall be the same Development Schedule and Development Territory specified in this Agreement (modified to reflect the development obligations satisfied prior to the Transfer);
- (e) you or the transferee pay us a $10,000 transfer fee (in addition to the transfer fee, you must reimburse us for any commission we pay our broker if our broker finds the transferee);
- (f) you assign all Franchise Agreements to the transfer
Source: Item 23 — RECEIPT (FDD pages 42–162)
What This Means (2025 FDD)
According to Bigfoot Forestry's 2025 Franchise Disclosure Document, before a transfer of a franchise in Washington or any other location can be approved, both the franchisee and the proposed transferee must meet several conditions. These conditions include the franchisee and transferee paying Bigfoot Forestry a $10,000 transfer fee.
In addition to the transfer fee, the franchisee must reimburse Bigfoot Forestry for any commission they pay their broker if their broker finds the transferee. The franchisee must also assign all Franchise Agreements to the transferee according to the transfer provisions outlined in each Franchise Agreement, which includes paying any transfer fee imposed under each agreement.
Furthermore, the franchisee and their owners must sign a General Release, and Bigfoot Forestry must choose not to exercise their right of first refusal. Finally, both the transferring owner and the transferee must satisfy all other conditions that Bigfoot Forestry reasonably requires for approval of the transfer. These stipulations apply universally to all franchise transfers, not just those in Washington.