Is the Floors To Go transfer fee refundable?
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 non-refundable. If a franchisee decides to transfer their franchise to a new owner, Floors To Go charges a $5,000 transfer fee. This fee is due at the time of the transfer.
Because the transfer fee is non-refundable, a franchisee will not receive this money back, regardless of whether the transfer is completed or not. This is a standard practice in franchising, as the franchisor incurs administrative costs when reviewing and processing a transfer application, whether it is ultimately approved or denied.
Prospective Floors To Go franchisees should consider the non-refundable nature of this fee as part of their financial planning. If they anticipate needing to transfer their franchise in the future, they should be aware that they will not be able to recover the $5,000 transfer fee.