When is the Ledgers Transfer Fee applicable?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
are responsible for any travel related expenditures such as lodging, meals and transportation. Additionally, we may require that you obtain materials for use in your business. You will be responsible for any materials charg
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers's 2025 Franchise Disclosure Document, a $5,000 transfer fee is required when a franchisee wishes to transfer ownership of their rights under the Franchise Agreement. This fee also applies if a franchisee transfers a majority of the ownership of the agreement or the ownership of an entity holding the agreement.
In the event of the death or incapacity of the franchisee, the executor, personal representative, or guardian has 60 days to seek a transfer of rights under the agreement and must complete the transfer within six months. To complete the transfer, they must pay all monies owed to Ledgers, including the transfer fee, and sign the current transfer and release form.
Notably, the transfer fee is not charged when transferring interest within a franchisee's existing entity, provided that only the percentage ownership changes and not the identity of the owners. In this case, the franchisee must notify Ledgers in writing with details of the new ownership structure, and all individuals involved must sign the required amendment and release forms or Franchisee Agreement.