What is the standard transfer fee for a Petro Stopping Center franchise?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
be bound by all of the terms and conditions of this Agreement;
- (g) the transferee must have entered into our then-current form of franchise agreement and such other then-current ancillary agreements as we may require. The thencurrent form of franchise agreement may have significantly different provisions including a higher royalty fee and advertising contribution than that contained in this Agreement. The then-current form of franchise agreement will expire on the expiration date of this Agreement and will contain the same renewal rights, if any, as are available to you;
- (h) the transfer
Source: Item 14 — Other investments (FDD pages 131–208)
What This Means (2025 FDD)
According to Petro Stopping Center's 2025 Franchise Disclosure Document, the standard transfer fee is $45,000. This fee is paid to Petro Stopping Center to cover expenses they incur during the transfer process. These expenses include third-party costs and the training of the new franchisee or their Managing Owner in the Petro System and its standards.
However, the transfer fee can vary depending on the timing and nature of the transfer. If the transfer occurs before the first anniversary of the franchise's opening date, the transfer fee increases to $130,000. Conversely, if the transfer is among the franchisee's existing owners, the transfer fee is reduced to $10,000.
It's important to note that the transferee must also meet several conditions to be approved. These include agreeing to complete Petro Stopping Center's standard training program at their own expense, adhering to the franchise agreement's terms, and potentially upgrading the Petro Center to meet current standards. Additionally, both the current franchisee and the transferee must meet certain financial and operational requirements, and the franchisor must approve the transfer's terms.
Prospective franchisees should be aware of these transfer conditions and fees, as they can significantly impact the costs associated with selling or transferring a Petro Stopping Center franchise. Understanding these requirements is crucial for financial planning and decision-making throughout the franchise term.