What is the Bumble Roofing transfer fee?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
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| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Transfer Fee | Greater of 20% of then-current Franchise Fee or $10,000. | 50% due at the time the request to transfer is made. This amount is non-refundable. The balance is due at the closing of the transfer | See Note 6. |
| Audit | Cost of the audit plus related expenses, provided that the costs of the audit are only due if an irregularity of greater than 5% is discovered in any reported amount, or if reports are not submitted as required. | As incurred | We have the right under the Franchise Agreement to examine certain records including without limitation your financials, bank statements and tax returns. If an examination of these records reveals a discrepancy of more than 5% the full amount of the audit's actual costs will be charged in addition to any unpaid amounts discovered and other remedies as permitted under the Agreement. |
Source: Item 6 — OTHER FEES (FDD pages 19–24)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, the transfer fee is the greater of 20% of the then-current franchise fee or $10,000. This fee is charged when a franchisee sells or transfers their franchise to a new owner.
50% of the transfer fee is due when the franchisee requests to transfer the franchise, and this portion is non-refundable. The remaining balance of the transfer fee is due at the closing of the transfer.
Notably, Bumble Roofing will waive the transfer fee if the franchise is transferred to a member of the franchisee's immediate family, such as a spouse or child. This could be a significant benefit for franchisees planning to pass their business on to family members. Franchisees should be aware of these costs and conditions when considering selling their Bumble Roofing franchise.