What is the transfer fee required by Black Bear Diner for a franchise transfer?
Black_Bear_Diner Franchise · 2025 FDDAnswer from 2025 FDD Document
365 days after Franchisor has approved the site for the Franchised Restaurant, Franchisor has the right to terminate the Franchise Agreement immediately on notice without any need for a cure opportunity.
5.6 Relocation
Franchisee may, with the prior written approval of the Franchisor, relocate the Approved Location if the proposed new location does not compete with any Black Bear Diner restaurant operated by Franchisor or any other Black Bear Diner franchisee and the proposed new location is within the Franchisee's Protected Area. The new location of the Franchised Restaurant, including the real estate and the building, must comply with all applicable provisions of this Agreement and with the Franchisor's then-cur
Source: Item 23 — RECEIPT (FDD pages 56–243)
What This Means (2025 FDD)
Based on the 2025 Black Bear Diner Franchise Disclosure Document, the document does not explicitly state the transfer fee required for a franchise transfer. However, it does mention a Relocation Fee of $5,000 that a franchisee must pay if they relocate their restaurant.
While the FDD does not specify a transfer fee, it does outline various other fees that franchisees may encounter, such as the initial franchise fee, weekly royalty fees, and marketing fund contributions. These fees are essential to consider when evaluating the overall cost of investing in a Black Bear Diner franchise.
Prospective franchisees should inquire directly with Black Bear Diner's franchise development team to obtain precise details regarding the transfer fee and any other associated costs related to transferring a franchise. Understanding all potential fees is crucial for making an informed decision and ensuring financial preparedness.