How much is the Transfer Fee for Body20 if the transfer is not a Control Transfer?
Body20 Franchise · 2025 FDDAnswer from 2025 FDD Document
r franchise agreement pursuant to Section 2.2 (Successor Term), you will pay to us, instead of the franchise fee under such successor franchise agreement, a successor fee equal to 25% of such franchise fee (the "Successor Fee").
- 3.9 Transfer Fee. If a Control Transfer (as defined in Section 13.2 (Definition of Transfer)) occurs, you must pay us a transfer fee equal to 25% of t
Source: Item 23 — RECEIPT (FDD pages 74–251)
What This Means (2025 FDD)
According to Body20's 2025 Franchise Disclosure Document, the transfer fee for a transfer that is not a Control Transfer is $5,000. This fee is separate from the transfer fee for a Control Transfer, which is 25% of the then-current franchise fee for a new studio.
The franchisee must pay 50% of the $5,000 transfer fee when they provide notice of the proposed transfer. This initial payment is refundable if the transfer does not occur, although Body20 may deduct their actual costs and expenses related to the proposed transfer from the refund. The remaining 50% of the transfer fee is due when the transfer is completed.
It is important to note that this transfer fee is just one component of the requirements for transferring a Body20 franchise. The franchisee and the transferee must also meet other conditions specified by Body20 to obtain consent for the transfer. Prospective franchisees should carefully consider these costs and conditions when evaluating the potential resale of their Body20 franchise.