factual

Are there any transfer fees mentioned in Item 6 for a Crisp & Green franchise?

Crisp_Green Franchise · 2024 FDD

Answer from 2024 FDD Document

Type of Fee (1) Amount Due Date Remarks
believe that you have failed adequately to address or resolve any customer complaints, we may, without your consent, resolve any complaints to our satisfaction and charge you an amount sufficient to cover our reasonable costs and expenses in resolving the customer complaint.
Additional Cure Our cost and expense if we take any action to cure any default by you under the Franchise Agreement, including costs of collection for unpaid amounts Upon demand Due only if you are in default under your Franchise Agreement, in which case you must reimburse us for the additional expenses we incur (including reasonable attorneys' fees) as a result of your default and to enforce and terminate your Franchise Agreement if necessary.
Expenses and
Collection Costs
Damages upon Will vary under the circumstances 15 days after termination See Note 3.
Termination
Securities Offering Our actual expenses Upon demand Payable only if you propose to engage in a public or private securities offering, to reimburse us for our reasonable costs and expenses (including legal and accounting fees) to evaluate your proposed offering.
Tax Assessment Our actual expenses Upon demand Payable only if there is a sales tax, gross receipts tax, or similar tax or assessment (other than income tax) imposed against us with respect to any payments you make to us under the Franchise Agreement.

Source: Item 6 — OTHER FEES (FDD pages 15–22)

What This Means (2024 FDD)

According to the 2024-2025 Crisp & Green Franchise Disclosure Document, Item 6 outlines various fees a franchisee may encounter, but it does not explicitly list a transfer fee. The table in Item 6 details several fees, including those for additional cure expenses, damages upon termination, securities offerings, and tax assessments.

Specifically, the table mentions that if Crisp & Green takes action to cure any default by the franchisee under the Franchise Agreement, the franchisee must reimburse Crisp & Green for these expenses, including attorney's fees. Additionally, if the Franchise Agreement is terminated due to the franchisee's default, the franchisee will be responsible for damages, the amount of which will vary depending on the circumstances. These damages are due 15 days after termination.

Furthermore, if a franchisee proposes a public or private securities offering, they are responsible for reimbursing Crisp & Green for the costs associated with evaluating the offering. Similarly, the franchisee is liable for any sales tax, gross receipts tax, or similar tax imposed on Crisp & Green related to payments made under the Franchise Agreement. However, there is no mention of a fee associated with transferring the franchise to a new owner. A prospective franchisee should clarify with Crisp & Green whether a transfer fee exists and under what conditions it is applied, as this is not detailed in Item 6.

Disclaimer: This information is extracted from the 2024 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.