Who is responsible for paying the $7,500 transfer fee for a Floyds 99 franchise?

According to the 2025 Floyds 99 Franchise Disclosure Document, if a franchisee wishes to transfer their franchise to someone else, either the franchisee or the proposed transferee is responsible for paying a $7,500 transfer fee.

This fee is one of the conditions that must be met for the transfer to be approved by Floyds 99. Other conditions include ensuring that neither the proposed transferee nor their affiliates operate a competitive business and that the franchisee agrees to abide by the post-termination covenant not to compete.

It is important for prospective franchisees to understand all the conditions and costs associated with transferring a franchise, as these can significantly impact the value and liquidity of their investment. Franchisees should carefully review the transfer provisions in the franchise agreement and consult with legal and financial advisors to fully understand their rights and obligations.