When is the Bumble Roofing transfer fee due?
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 th |
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 due in two installments. Fifty percent of the fee is due at the time the franchisee requests to transfer the franchise, and this initial payment is non-refundable. The remaining balance of the transfer fee is due upon the closing of the transfer.
The transfer fee is the greater of 20% of the then-current franchise fee or $10,000. This means a prospective Bumble Roofing franchisee needs to be prepared to pay a significant portion of this fee upfront when seeking approval for a transfer. The non-refundable nature of the initial 50% payment means that if the transfer does not proceed for any reason, that portion of the fee will not be returned.
It is important for a potential Bumble Roofing franchisee to understand the timing and non-refundable nature of the transfer fee, as it can impact their financial planning if they decide to sell their franchise in the future. Franchisees should also note that Bumble Roofing will waive the transfer fee if the franchise is transferred to a member of the franchisee's immediate family (i.e., spouse or child).