factual

When is fifty percent (50%) of the Brightstar Care transfer fee due?

Brightstar_Care Franchise · 2025 FDD

Answer from 2025 FDD Document

Fifty percent (50%) of the transfer fee is due either upon listing the Agency for sale or, if the Agency is not formally listed for sale, before buyer attends Discovery Day. The balance is due when the transferee signs the franchise agreement.

Source: Item 22 — CONTRACTS (FDD pages 117–118)

What This Means (2025 FDD)

According to Brightstar Care's 2025 Franchise Disclosure Document, 50% of the transfer fee is due either when the agency is listed for sale, or if the agency is not formally listed for sale, before the buyer attends Discovery Day. The remaining balance of the transfer fee is due when the transferee signs the franchise agreement.

This means that a franchisee looking to transfer their Brightstar Care franchise will need to be prepared to pay half of the transfer fee upfront, either when they decide to list their agency for sale or before the potential buyer participates in Discovery Day. Discovery Day is an opportunity for potential buyers to learn more about the Brightstar Care franchise system and meet with the franchisor's team. This upfront payment demonstrates the seller's commitment to the transfer process and helps to cover Brightstar Care's costs associated with evaluating and approving the transfer.

Franchisees should factor this payment schedule into their financial planning when considering a transfer. It's important to note that the FDD does not specify the exact amount of the transfer fee in this section, but it does provide clarity on when the payments are due. Understanding these payment terms is crucial for a smooth and financially sound transfer process.

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.