What is the nonrefundable transfer fee required by Chicken Guy?
Chicken_Guy Franchise · 2025 FDDAnswer from 2025 FDD Document
oses. Chicken Guy, without any liability to Developer or the proposed transferee, has the right, in its reasonable business discretion, to communicate and counsel with
Source: Item 23 — RECEIPTS (FDD pages 50–286)
What This Means (2025 FDD)
According to Chicken Guy's 2025 Franchise Disclosure Document, a franchisee must pay a nonrefundable transfer fee of $10,000 when transferring their franchise. This fee covers Chicken Guy's costs for reviewing the transfer application.
It is important to note that this fee is nonrefundable, meaning that even if the transfer is not approved, the franchisee will not receive the $10,000 back. This highlights the importance of carefully considering all aspects of a potential transfer before submitting an application and paying the fee.
Chicken Guy may also require the transferee to complete development training programs, adding another potential cost to the transfer process. The franchisor's discretion in approving transfers and the associated fees are standard practices in the franchise industry, designed to protect the brand and ensure that new franchisees meet their standards.