What is the standard transfer fee for a Kitchen Solvers franchise?
Kitchen_Solvers Franchise · 2025 FDDAnswer from 2025 FDD Document
l amounts owed to us or any of our affiliates or your suppliers have been paid in full; - c. you are not in default under any provision of this Agreement; - d. the assignee has completed the training program required of new franchisees; - e. you or the assignee has paid $5,000 as a transfer fee. If the transferee is a person or entity that was referred to us as a potential franchisee by a broker organization under terms tha
Source: Item 22 — Contracts (FDD page 49)
What This Means (2025 FDD)
According to Kitchen Solvers' 2025 Franchise Disclosure Document, the standard transfer fee is $5,000. However, this is just one of several conditions that Kitchen Solvers may impose for a franchise transfer to be approved.
Other conditions include ensuring the assignee signs an agreement to assume the franchisee's obligations or signs the current franchise agreement, which may have different terms and increased fees. The franchisee must also ensure all debts related to the business are paid, and they are not in default of any agreement provisions. The assignee must complete the training program for new franchisees, and both the franchisee and any personal guarantors must execute a general release in favor of Kitchen Solvers and comply with the non-compete covenant.
Furthermore, if Kitchen Solvers is required to pay a referral fee to a broker organization because the transferee was referred by them, the franchisee is responsible for covering the total broker referral fee before the transfer can occur. These conditions ensure that any transfer maintains the standards and financial integrity of the Kitchen Solvers franchise system.