What is the Craters & Freighters transfer fee if the transfer is to then-existing owners of the franchisee?
Craters_Freighters Franchise · 2025 FDDAnswer from 2025 FDD Document
isees and franchisee owners.
- 16.3.5 Training. The transferee and/or its management personnel have completed Franchisor's Initial Training Program to Franchisor's satisfaction.
- 16.3.6 Transfer Fee. Franchisee or the transferee has paid Franchisor a transfer fee ("Transfer Fee") in the amount of Fifteen Thousand
Source: Item 22 — CONTRACTS (FDD pages 49–50)
What This Means (2025 FDD)
According to the 2025 Craters & Freighters Franchise Disclosure Document, a transfer to then-existing owners of the franchisee is exempt from the standard transfer fee. Typically, Craters & Freighters charges a $15,000 transfer fee to cover the expenses they incur during the transfer process.
However, this fee is waived when the transfer occurs among the current owners of the franchise. This provision can be beneficial in situations such as restructuring ownership within the existing ownership group without incurring additional costs.
It is important to note that all other conditions for transfer must still be met, such as ensuring the franchisee and its owners are in full compliance with the franchise agreement, all outstanding payments are settled, and the transfer adheres to all applicable laws and regulations.