factual
What does the Red Wagon Club Successor Franchise Fee cover?
Red_Wagon_Club Franchise · 2024 FDDAnswer from 2024 FDD Document
reof each month. See Note 3. |
| Type of Fee1 | Amount | Due Date | Remarks |
|---|---|---|---|
| Transfer Fee | 75% of then-current Initial Franchise Fee | At time of transfer | Applies to a transfer of your RWC Business' ownership, possession, or control, or substantially all of its assets. This fee covers our assessment of transferee's qualifications, training, and early support. See Item 17. |
Source: Item 6 — OTHER FEES (FDD pages 13–17)
What This Means (2024 FDD)
According to Red Wagon Club's 2024 Franchise Disclosure Document, the Successor Franchise Fee is $2,500. This fee is due at the time a franchisee elects to obtain a Successor Franchise. The fee covers the administrative costs that Red Wagon Club incurs when granting a Successor Franchise. This Successor Franchise allows the franchisee to continue operating their Red Wagon Club business for an additional term, as further detailed in Item 17 of the FDD.
Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only.
It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.