What is the transfer fee required by Monicals Pizza when transferring a franchise?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
nchise;
- 18.2.8 Franchisee, or the transferee, has paid to Franchisor a transfer fee in the amount of TEN THOUSAND DOLLARS ($10,
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
According to Monicals Pizza's 2025 Franchise Disclosure Document, a franchisee must pay a transfer fee of $10,000 to Monicals Pizza when transferring their franchise to a new owner. This fee must be paid either by the franchisee or the transferee.
In addition to the transfer fee, several other conditions must be met for the transfer to be approved. The transferee must agree to be bound by the current Franchise Agreement, execute a General Release of claims against Monicals Pizza, and provide written certification of all contracts between the franchisee and transferee. The transferee must also complete a training program similar to the initial training.
These conditions and the transfer fee ensure that the new franchisee is adequately prepared and committed to upholding the standards of the Monicals Pizza brand. It also protects Monicals Pizza from potential liabilities and ensures a smooth transition of ownership. Prospective franchisees should consider this fee and the associated requirements when planning for the future sale of their Monicals Pizza franchise.