How much is the Transfer/Assignment Fee under the Franchise Agreement for a Cinnaholic franchise?
Cinnaholic Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Transfer/Assignment Fee under Franchise Agreement | One half the then current initial franchise fee at the time of the Transfer/Assignment plus expenses | Before the consummation of the transfer or sale | Payable when, and if, you transfer or sell your franchise. There are other conditions to transfer (see Item 17 of this Disclosure Document). |
Source: Item 6 — OTHER FEES (FDD pages 13–17)
What This Means (2025 FDD)
According to Cinnaholic's 2025 Franchise Disclosure Document, the Transfer/Assignment Fee under the Franchise Agreement is one half of the then-current initial franchise fee at the time of the transfer or assignment, plus expenses. This fee is payable before the consummation of the transfer or sale, and is required when a franchisee transfers or sells their franchise. Item 17 of the FDD contains other conditions related to the transfer.
For a prospective Cinnaholic franchisee, this means that if they decide to sell their franchise in the future, they will need to pay Cinnaholic a transfer fee. The exact amount of this fee will depend on what the initial franchise fee is at the time of the transfer. In addition to the fee, the franchisee is also responsible for covering any expenses associated with the transfer.
It's important for franchisees to carefully review Item 17 of the Cinnaholic FDD to understand all the conditions and requirements for transferring their franchise. This will help them avoid any surprises or delays when they decide to sell their business. Franchisees should also factor in this potential transfer fee when making financial projections for their Cinnaholic franchise.