What is the Floors To Go transfer fee?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks(1) |
|---|---|---|---|
| Transfer Fee | $5,000 | At Time of Transfer | This fee is non- refundable. |
Source: Item 6 — OTHER FEES (FDD pages 12–14)
What This Means (2025 FDD)
According to the 2025 Floors To Go Franchise Disclosure Document, the transfer fee is $5,000. This fee is due at the time of the transfer and is non-refundable. This means that if a franchisee decides to sell their Floors To Go franchise to another party, they will be required to pay Floors To Go $5,000 for the transfer to be approved.
Transfer fees are common in franchising and are intended to cover the franchisor's administrative costs associated with reviewing and approving the transfer of ownership. These costs can include legal fees, training costs for the new franchisee, and the time spent evaluating the potential new franchisee to ensure they meet Floors To Go's standards. The non-refundable nature of the fee means that even if the transfer is not approved, the franchisee will not receive the $5,000 back.
Prospective Floors To Go franchisees should consider this transfer fee as part of their overall investment and operating costs. It is important to understand the conditions under which a transfer might occur and to factor this potential expense into their financial planning. While $5,000 may not be a substantial amount compared to the initial franchise fee and other startup costs, it is still a significant expense that should be taken into account when making decisions about the future of the franchise.