factual

When is the Cicis Area Development Agreement transfer fee due?

Cicis Franchise · 2025 FDD

Answer from 2025 FDD Document

------------------| | Transfer Fee – Area Development Agreement | $7,500, plus our expenses, which we estimate to be between $500 - $1,000

Source: Item 6 — OTHER FEES (FDD pages 14–21)

What This Means (2025 FDD)

According to Cicis's 2025 Franchise Disclosure Document, the Area Development Agreement transfer fee is $2,500, plus expenses. This fee is due upon application for the transfer. This means that if a Cicis area developer decides to sell or transfer their development rights to another party, they will need to pay Cicis this fee at the time they submit their request for approval of the transfer.

The fee covers Cicis's administrative costs and expenses associated with reviewing and processing the transfer application. The estimated expenses range from $500 to $1,000. These expenses likely include legal and accounting fees incurred by Cicis to assess the potential new area developer's qualifications and financial stability.

It is important for prospective Cicis area developers to understand this fee and factor it into their financial planning if they anticipate potentially transferring their development rights in the future. The fee is non-refundable, regardless of whether the transfer is ultimately approved. Therefore, developers should carefully consider the likelihood of approval before submitting their application and paying the fee.

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.