Is a transfer fee required for a transfer of the Bw Premier Collection Distribution Agreement?
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 17 — Renewal, Termination, Transfer, and Dispute Resolution (FDD pages 41–44)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, a transfer fee is required to transfer or assign the Distribution Agreement. The fee is $10,000, and it is due upon receipt of the statement. This means that if a franchisee decides to sell their Bw Premier Collection franchise to another party, they will need to pay this fee to Bw Premier Collection.
This transfer fee is a standard practice in the franchise industry. It is intended to cover the franchisor's costs associated with reviewing and approving the transfer, as well as updating their records. The fee may also compensate the franchisor for the potential loss of revenue if the new franchisee is not as successful as the original franchisee.
Prospective franchisees should consider this transfer fee when evaluating the overall cost of investing in a Bw Premier Collection franchise. It is important to factor in this expense when projecting potential profits and returns on investment. Franchisees should also inquire about the conditions under which a transfer is permitted and the criteria that Bw Premier Collection uses to evaluate potential transferees.