factual

When is the Transfer Fee due for a Clear Pest Pros franchise transfer, and is it refundable?

Clear_Pest_Pros Franchise · 2025 FDD

Answer from 2025 FDD Document

  • a. our then-current Transfer Fee, as published in our Operations Manual. The Transfer Fee is due upon our preparation of the required transfer documentation (consent to transfer and assignment agreement and/or preparation of transferee's franchise agreement), and is non-refundable at such time;

Source: Item 22 — CONTRACTS (FDD pages 67–68)

What This Means (2025 FDD)

According to Clear Pest Pros' 2025 Franchise Disclosure Document, the Transfer Fee is due when Clear Pest Pros prepares the required transfer documentation, such as the consent to transfer and assignment agreement, or the transferee's franchise agreement. Once the documentation is prepared, the Transfer Fee becomes non-refundable.

This means that a Clear Pest Pros franchisee looking to transfer their franchise will need to pay the Transfer Fee at the time the transfer documents are prepared by the franchisor. It is important to note that the fee is non-refundable once the documentation is prepared, regardless of whether the transfer is ultimately completed. This is a standard practice in franchising, as the franchisor incurs costs in preparing the documentation and assessing the potential transferee.

Prospective franchisees should be aware of this policy and factor it into their decision-making process when considering a franchise transfer. It would be prudent to confirm the exact amount of the Transfer Fee with Clear Pest Pros before initiating the transfer process, as the fee can vary. Additionally, understanding the criteria Clear Pest Pros uses to approve a transfer can help avoid situations where the fee is paid but the transfer is ultimately denied.

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.