Is the $10,000 transfer fee applicable in the State of Washington for a Crave Cookies franchise transfer?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
or any reason it sees fit. Accordingly, Franchisee shall neither conduct nor undergo a Transfer without providing Crave Cookies Franchising at least 60 days prior notice of the proposed Transfer, and without obtaining Crave Cookies Franchising's consent. In granting any such consent, Crave Cookies Franchising may impose conditions, including but not limited to the following:
Source: Item 22 — CONTRACTS (FDD page 47)
What This Means (2025 FDD)
According to Crave Cookies's 2025 Franchise Disclosure Document, the standard $10,000 transfer fee is waived for franchise transfers within the State of Washington. However, even in Washington, Crave Cookies is still entitled to collect broker fees and any other out-of-pocket costs they incur during the transfer process. This means that while the franchisee avoids the flat $10,000 fee, they may still be responsible for covering other expenses associated with the transfer.
This exception to the transfer fee could make transferring a Crave Cookies franchise in Washington State more financially appealing compared to other states. Potential buyers might find this a more attractive opportunity, as it lowers the initial costs associated with taking over an existing franchise. However, franchisees should still be prepared to cover broker fees and other potential costs, which could vary depending on the specifics of the transfer.
It is important for prospective franchisees in Washington to understand exactly what constitutes 'broker fees and other out-of-pocket costs.' They should seek clarification from Crave Cookies regarding the types of expenses that fall under this category to accurately estimate the total cost of a franchise transfer. This will help avoid any unexpected financial burdens during the transfer process and ensure a smoother transition.