Under what circumstances is a Byrider Franchisee exempt from paying the Transfer Fee?

According to Byrider's 2025 Franchise Disclosure Document, an assignee is not obligated to pay an Initial Franchise Fee when the assignee is an immediate family member of the franchisee (or the transferring owner), and the assignee executes the company's then-current form of franchise agreement and related documents. However, the terms and conditions in the new franchise agreement may differ significantly from the original agreement.

This exemption from the Initial Franchise Fee applies specifically to transfers within the immediate family. This can be a significant benefit for Byrider franchisees looking to pass the business on to their children or other close relatives, as it reduces the financial burden associated with the transfer. However, it's important to note that the new franchise agreement executed by the assignee may have different terms, potentially affecting the financial obligations, operational requirements, or other aspects of the franchise.

Prospective franchisees should carefully consider the implications of these differing terms and seek legal counsel to understand the full extent of their rights and obligations under the new agreement. This ensures that both the transferring franchisee and the assignee are fully aware of the changes and can make informed decisions regarding the transfer of the Byrider franchise.