When is the Transfer Fee due for a Bw Premier Collection franchise?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Transfer Fee | $10,000. | Due and payable upon statement receipt. | Payable to transfer or assign the Distribution Agreement. |
Source: Item 6 — Other Fees (FDD pages 19–26)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, the Transfer Fee is due upon receipt of a statement. The Transfer Fee is $10,000 and is payable when a franchisee transfers or assigns their Distribution Agreement.
This means that if a Bw Premier Collection franchisee decides to sell their franchise to someone else, they will be required to pay Bw Premier Collection $10,000 at the time they receive the statement for the transfer. This fee covers Bw Premier Collection's administrative costs associated with the transfer process.
Transfer fees are a common practice in franchising. They are intended to compensate the franchisor for their time and expenses in approving the transfer and ensuring that the new franchisee meets their standards. Prospective Bw Premier Collection franchisees should factor this fee into their financial planning if they anticipate selling their franchise in the future.