What is the transfer fee for a Mr. Sandless business if transferring a Mr. Sandless Business or a combination Mr. Sandless Business?
Mr_Sandless Franchise · 2025 FDDAnswer from 2025 FDD Document
cuments relevant to your Business;
- 21.3.7 Your execution (or your principals' execution, as applicable) of a general release, in a form prescribed by us, of all claims against us and our officers, directors, agents, and employees. Notwithstanding such release, you shall remain obligated under those provisions of this Agreement that exp
Source: Item 22 — CONTRACTS (FDD page 42)
What This Means (2025 FDD)
According to the 2025 Mr. Sandless Franchise Disclosure Document, the transfer fee for transferring a Mr. Sandless Business or a combination Mr. Sandless Business is $5,000 per owner, regardless of the number of businesses being transferred. This fee is payable to Mr. Sandless as part of the transfer process.
In addition to the transfer fee, the prospective buyer must also execute Mr. Sandless' then-current Single Unit Franchise Agreement and a personal guaranty if the buyer is a partnership, corporation, or limited liability company. Mr. Sandless must also approve all shareholders of a corporation transferee, or all members and managers of a limited liability company transferee.
Furthermore, the transfer is contingent upon the franchisee's execution of a general release of all claims against Mr. Sandless and its representatives. The buyer must also obtain all necessary permits and licenses for operating the business and comply with all applicable laws governing franchise transfers. Mr. Sandless also retains the right to ensure that the purchase price and terms of the proposed transfer do not negatively impact the buyer's ability to operate the business successfully and fulfill their obligations under the franchise agreement.
These conditions and fees are typical in franchising to ensure the continued quality and stability of the Mr. Sandless brand. Prospective franchisees should carefully consider these costs and requirements when planning to sell their Mr. Sandless franchise.