factual

What Software Agreement transfer fee must a Brain Balance franchisee's transferee pay to the company?

Brain_Balance Franchise · 2025 FDD

Answer from 2025 FDD Document

n, accounting, legal, and/or other expenses of COMPANY in connection with the assignment and transfer.

  • (f

Source: Item 22 — CONTRACTS (FDD pages 70–72)

What This Means (2025 FDD)

According to Brain Balance's 2025 Franchise Disclosure Document, a franchisee's transferee must pay a Software Agreement transfer fee. This fee is set at $2,500. This fee is in addition to other requirements for the transfer to be approved.

Other conditions that must be met for Brain Balance to approve the sale include the franchisee paying a $10,000 transfer fee to Brain Balance, as well as paying any outstanding monies owed to the company. The proposed transferee must also meet the standards for new franchisees at the time of the transfer.

This means that if a Brain Balance franchisee decides to sell their franchise, the potential buyer will need to account for this $2,500 software transfer fee, on top of other fees and requirements, as part of the overall cost of acquiring the franchise. This fee contributes to the franchisor's revenue and covers costs associated with transferring the software license and agreement to the new franchisee.

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.