What is the Transfer Fee for a Zoomin Groomin franchise?
Zoomin_Groomin Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks | |--------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------|----------------------------------------------------------------------------------| | Transfer Fee (Note 6) | $5,000 | | Payable at closing | In the event of a transfer and for the protection of both buyer and seller, Zoomin Groomin will serve as the settlement agent on transfers of ownership. However, no Transfer Fee is required if you transfer your Outlet to an entity in which you are the majority owner, or if you transfer the Outlet to your child, parent, sibling, or spouse. In addition, prior to transfer, all outstanding amounts due to Zoomin Groomin must be paid.
Source: Item 6 — OTHER FEES (FDD pages 16–20)
What This Means (2025 FDD)
According to Zoomin Groomin's 2025 Franchise Disclosure Document, the standard transfer fee is $5,000, payable at the time of closing. This fee covers Zoomin Groomin's services as a settlement agent during the transfer process, which is intended to protect both the buyer and the seller.
However, the FDD outlines specific exceptions where the transfer fee is waived. A franchisee will not be charged a transfer fee if the franchise is transferred to an entity where the franchisee retains majority ownership. Similarly, no transfer fee is required if the franchise is transferred to a direct family member, including a child, parent, sibling, or spouse.
It's important to note that regardless of whether a transfer fee is applicable, all outstanding amounts owed to Zoomin Groomin must be paid in full before the transfer can be completed. This ensures that the franchise is in good financial standing before ownership changes. Franchisees should carefully review these conditions and plan accordingly when considering a transfer.