What page in the Byrider Franchise Agreement discusses the 'Transfer Fee'?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
Financed Sales Fee").
Bulk Sale of Accounts Fee. Franchisee shall pay to Company a fee equal to 1.90% of gross amounts of Byrider-originated consumer retail installment contracts sold to a third party ("Bulk Sale of Accounts Fee").
See Exhibit B for Franchisee's royalty category designation ("Royalty Category").
3.11 Transfer Fee. The term "Transfer Fee" shall mean Five Thousand ($5,000)
Dollars.
ARTICLE IV
GRANT OF BYRIDER FRANCHISE
4.1 Grant of Franchise and License. Subject to the terms and conditions herein, the Company hereby grants to the Franchisee, and the Franchisee hereby accepts from the Company, (A) a non-exclusive franchise to open and operate one Business and (B) a non-exclusive license to use the System and the Marks solely in connection with the operation of the Franchisee's Business. Termination or expiration of this Agreement shall constitute a termination of the foregoing franchise and license. The Company will not operate or grant a franchise for the operation of another Business, the physical premises of which is located within the protected territory described on Exhibit A hereof (t
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to the 2025 Byrider Franchise Disclosure Document, the Transfer Fee is mentioned in Item 23 Receipts. Specifically, section 3.11 defines the term "Transfer Fee" as Five Thousand ($5,000) Dollars. This definition appears within Article IV, which covers the Grant of the Byrider Franchise. The excerpt shows that this information can be found on page 103 of the FDD.
For a prospective Byrider franchisee, understanding the transfer fee is crucial if they plan to sell or transfer their franchise to another party. The defined fee of $5,000 will be due at the time of transfer. This fee likely covers Byrider's administrative costs associated with reviewing and approving the transfer, as well as updating their records.
It is important for potential franchisees to carefully review Article IV and Exhibit A to fully understand the conditions under which Byrider grants the franchise and the specifics of the protected territory. Knowing the transfer fee amount allows the franchisee to factor this cost into their long-term financial planning and exit strategy.