What is the condition regarding transfer fees collectible by Punch King Fitness in Washington?

According to Punch King Fitness's 2024 Franchise Disclosure Document, the Washington Addendum addresses conditions regarding transfer fees. However, the provided excerpts do not contain the specific language of the Washington Addendum regarding transfer fees. The excerpts do contain general information about transferability of the franchise agreement.

The standard franchise agreement for Punch King Fitness typically allows the franchisor to transfer or assign its rights and obligations to another party. The franchisee agrees to sign any documents needed to complete this transfer. The franchise agreement also outlines the conditions under which a franchisee can transfer their interest in the franchise, which usually requires the franchisor's consent.

Because the specific conditions and fee amounts related to franchise transfers in Washington are not detailed in the provided excerpts, prospective franchisees should carefully review the full Washington Addendum in Item 22 of the FDD and discuss any questions with Punch King Fitness. It is important to understand all costs and conditions associated with transferring a franchise before signing the agreement.