When is the Dryject Internal Transfer fee due?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
| Name of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Internal Transfer | $500 | Before transfer is effected | See Note 5 below |
Source: Item 6 — OTHER FEES (FDD pages 14–18)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, the Internal Transfer fee of $500 is due before the transfer is effected. This means that if a franchisee who owns the franchise as an individual wants to transfer it to a business entity they control, Dryject will charge a $500 fee to cover their expenses related to the transfer, and this fee must be paid before the transfer is officially completed.
This fee is separate from the standard transfer fee, which is 40% of the then-current Initial Franchise Fee and applies when transferring to a third party. The internal transfer fee is specifically for transfers to a business entity controlled by the original franchisee. Dryject must approve the transfer, and there may be other conditions for approval.
It is important to note that if a Dryject franchisee begins the transfer process but does not complete it, and Dryject incurs costs and expenses in reviewing and documenting the proposed transfer, the franchisee must reimburse Dryject for these costs and expenses, regardless of whether the transfer is finalized. This highlights the importance of carefully considering and planning any transfer before initiating the process to avoid incurring unnecessary expenses.