What does the Face Foundrie Transfer Fee cover?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Remarks (See Note 1) | ||
|---|---|---|---|---|
| TRANSFER FEE | $10,000 or such greater amount to cover our reasonable costs and expenses associated with the transfer. If you transfer an Area Development Agreement, we reserve the right to charge you a transfer fee of an amount equal to our then-current Franchise Fee for each Franchised Facial Bar that remains to be developed and opened in order to satisfy the Development Schedule, but not less than fifty percent (50%) of the Area Development Fee paid. | Before the consummation of the transfer or sale. | Payable when, and if, you transfer or sell your franchise. No transfer fee will be charged if you transfer your franchise to a corporation, limited liability company or other entity which you control. There are other conditions to transfer. |
Source: Item 6 — OTHER FEES (FDD pages 15–22)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, the transfer fee covers the franchisor's costs and expenses associated with the transfer of a franchise. The standard transfer fee is $10,000, but this amount may increase to cover Face Foundrie's reasonable costs and expenses.
If a franchisee transfers an Area Development Agreement, Face Foundrie reserves the right to charge a transfer fee equal to the then-current Franchise Fee for each Franchised Facial Bar that remains to be developed and opened to satisfy the Development Schedule. However, this fee will not be less than fifty percent (50%) of the Area Development Fee paid.
The transfer fee is payable before the transfer or sale of the franchise is consummated. Notably, a transfer fee is not charged if the franchise is transferred to a corporation, limited liability company, or other entity controlled by the franchisee, provided other conditions to transfer are met.