What is the transfer fee that a Bigfoot Forestry franchisee must pay to Bigfoot Forestry when transferring the agreement?
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, a franchisee who is transferring their agreement must pay a transfer fee of $10,000 to Bigfoot Forestry. In addition to this fee, the franchisee is responsible for reimbursing Bigfoot Forestry for any commission they pay to their broker if the broker is the one who found the transferee.
This transfer process is contingent upon several conditions being met. The franchisee must assign all Franchise Agreements to the transferee according to the transfer provisions outlined in each agreement. Both the franchisee and their owners are required to sign a General Release, which is Bigfoot Forestry's standard waiver and release of claims. Bigfoot Forestry must also choose not to exercise their right of first refusal, meaning they waive the opportunity to take over the franchise themselves before allowing the transfer. Finally, both the franchisee and the transferee must satisfy any other reasonable conditions that Bigfoot Forestry requires for approving the transfer.
It is important to note that a franchisee cannot transfer only a portion of their development rights; they must transfer all remaining rights. Furthermore, the consent to a transfer does not waive any claims Bigfoot Forestry may have against the transferor, nor does it relieve the transferee of the obligation to comply with all terms of the area development agreement. Franchisees should carefully consider these financial and legal implications before deciding to transfer their Bigfoot Forestry franchise.