What is the transfer fee for a Counselor Realty franchise, and when is it due?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
ement or policies of such person or entity, by contract or otherwise.
- 9.2 Other Conditions to Transfer. You must apply for our consent by submitting written notice of the pending transfer, with a complete application, signed by you and by the proposed transferee, and payment of the transfer fee, at least 60 days before the proposed transfer date. The transfer fee is $2,000 and applies to all transfers (excluding transfers described in, and in accordance with, the second to last sentence of Section 9.1). We may specifically withhold consent if: (i) you do not pay all amounts you owe to Counselor or its affiliates or to your suppliers; (ii) you (or the transferee) do not complete the repair, maintenance or upgrade of the Business' facility, fixtures, equipment, and signage to then-current System standards; or (iii) all shareholders or owne
Source: Item 22 — CONTRACTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, a franchisee must pay a transfer fee of $2,000 when transferring their franchise. This fee applies to all transfers except those described in the second to last sentence of Section 9.1 of the franchise agreement, which involve certain ownership interest transfers that do not result in a change of control.
The FDD specifies that the transfer fee must be paid when the franchisee submits a written notice of the pending transfer along with a complete application signed by both the franchisee and the proposed transferee. This submission must occur at least 60 days before the proposed transfer date.
Counselor Realty may withhold consent for the transfer if the franchisee has not paid all amounts owed to Counselor Realty or its affiliates, or to their suppliers. Consent may also be withheld if the franchisee (or the transferee) has not completed necessary repairs, maintenance, or upgrades to the business's facilities to meet the current system standards, or if all shareholders or owners of the transferee do not execute the guaranty of the new agreement. These conditions ensure that the franchise maintains its standards and financial obligations during the transfer process.