If a Burros Fries franchisee transfers their franchise, what training costs will the transferee incur?
Burros_Fries Franchise · 2024 FDDAnswer from 2024 FDD Document
he transaction), in addition to the flat $10,000 fee described above, plus the amount of any broker fees that we are responsible for paying to third parties (does not include our employees);
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- Transferee must pay for and
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2024 FDD)
According to Burros Fries's 2024 Franchise Disclosure Document, a transferee must pay for and successfully complete the training programs required of new franchisees. The cost for this training is $300 per person per half day, plus expenses, and is subject to increase over time.
This means that if a franchisee decides to sell their Burros Fries franchise to a new owner, that new owner will need to undergo the same training as a brand new franchisee. This training ensures that the new owner is properly equipped to run the franchise according to Burros Fries's standards.
The cost of $300 per person per half day, in addition to expenses, could become a significant expense for the transferee, especially if the training program is extensive or if multiple people from the transferee's team need to be trained. It is important to note that these costs are subject to increase, so the actual cost at the time of transfer could be higher. A prospective transferee should clarify the full scope and duration of the required training, as well as the nature and estimated amount of any additional expenses, with Burros Fries before completing the transfer.