factual
When is the second 50% of the Body20 transfer fee due?
Body20 Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| or our affiliates, we will disclose to you any required fees that you must pay, which will not exceed 115% of our and our affiliates' actual costs and expenses. | |||
| Product, Service, Supplier, and Service Provider Review | The greater of $1,000 or our and our affiliates' actual costs and expenses related to inspections or the testing the proposed product or evaluating the proposed service or service provider, including personnel and travel costs. | Upon demand | Payable if you wish to offer products or use any supplies, equipment, or services that we have not approved or wish to purchase from a supplier or service provider that we have not approved, whether or not we approve the item, service, supplier, or service provider. |
| Mystery Shopper Program | Currently, we do not charge you a mystery shopper program fee. | Upon demand | We may require you to participate in a mystery shopper service. If we engage the mystery shopping service on your behalf, you must pay us a fee that will not exceed 110% of our and our affiliates actual costs and expenses. Details of any program and fees will be included in the Manuals. |
| Successor Fee | 25% of the then-current franchise fee | Upon execution of successor franchise agreement | Payable if you are qualify for, and enter into, a successor term. |
| Transfer Fee Under the Franchise Agreement | 25% of the then-current franchise fee for any transfer resulting in a change of control; $5,000 for any other transfer. | 50% due when you provide us notice of the proposed transfer and 50% when the transfer closes | Payable to us if you transfer any interest in your Franchise Agreement, entity, or Studio. A "Control Transfer" occurs if there is a transfer of (i) any interest in the Franchise Agreement, (ii) the Studio or substantially all of its assets, (iii) more than 20% of the ownership interests in you, or (iv) any interests that result in a change in control of your entity. See Item 17.k for the definition of "transfer." If the transfer does not close, we will refund the 50%, less our actual costs and expenses related to the propo |
Source: Item 6 — OTHER FEES (FDD pages 19–26)
What This Means (2025 FDD)
According to Body20's 2025 Franchise Disclosure Document, the transfer fee is payable to Body20 if a franchisee transfers any interest in their Franchise Agreement, entity, or Studio. The timing of the transfer fee payment is split into two installments.
The first 50% of the transfer fee is due when the franchisee provides Body20 with notice of the proposed transfer. The second 50% of the transfer fee is due when the transfer closes.
However, if the transfer does not close, Body20 will refund the initial 50% payment, less their actual costs and expenses related to the proposed transfer. No transfer fee is due for transfers upon the death, incapacity, or bankruptcy of any Owner.
Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only.
It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.