factual

Under what condition is the Transfer Fee applicable for a Canine Dimensions franchise?

Canine_Dimensions Franchise · 2025 FDD

Answer from 2025 FDD Document

Name of Fee Amount Due Date Remarks
Royalty 11% of Gross Sales or the Minimum Royalty ($250 per week), whichever is greater. (Note 2) Payable on Tuesday of each week, via ACH (Note 3) Royalty Fees are payable by automatic debit, and funds must be made available in your account for withdrawal. Royalties will be assessed after you have been operating for 30 days.
Internet Advertising $1,000 per month. Payable monthly on the st day of each month, via 1 ACH You must participate in our Internet marketing program (which we administer for you).
Transfer Fee $10,000, plus our reasonable attorneys' fees related to such transfer At the time of transfer Applicable only if you choose to transfer your Franchise Agreement. We will not charge a fee for a one-time transfer to a corporate entity formed by you for the convenience of ownership.
Additional Training $350 per day, plus the costs of transportation, lodging and meals 15 days after billing If you request additional training on-site (for you or for an additional owner), or if we determine that you would benefit from additional on-site training, you must pay our then current per diem rate per trainer, and reimburse our trainer's costs for providing the on-site training, including travel, lodging and meals.

Source: Item 6 — OTHER FEES (FDD pages 10–13)

What This Means (2025 FDD)

According to Canine Dimensions' 2025 Franchise Disclosure Document, a Transfer Fee of $10,000 plus reasonable attorney's fees is applicable if a franchisee chooses to transfer their Franchise Agreement. This fee is paid at the time of the transfer.

However, Canine Dimensions specifies an exception to this fee. A franchisee will not be charged a transfer fee for a one-time transfer to a corporate entity that they form for ownership convenience.

This is a fairly standard practice in franchising, as franchisors typically want to ensure they are compensated for the administrative and legal work involved in transferring a franchise to a new owner. The exception for transfers to a franchisee's own corporate entity is also common, as it is simply a change in ownership structure rather than a sale to an unrelated third party.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.