When are transfer fees collectable for a Bumble Roofing franchise transfer?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
Transfer fees are collectable to the extent that they reflect the franchisor's reasonable estimated or actual costs in effecting a transfer.
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 43–45)
What This Means (2025 FDD)
According to the 2025 Bumble Roofing Franchise Disclosure Document, transfer fees are collectable to the extent that they reflect the franchisor's reasonable estimated or actual costs in effecting a transfer. This means that Bumble Roofing can only charge a transfer fee that covers the expenses they incur during the transfer process.
This provision protects franchisees from excessive or arbitrary transfer fees. It ensures that the fees charged are directly related to the costs Bumble Roofing incurs for things like reviewing the new franchisee's qualifications, updating records, and providing any necessary training or support during the transfer.
Prospective franchisees should inquire about what specific costs are included in the transfer fee and how Bumble Roofing calculates these costs. This will help ensure transparency and prevent any unexpected charges during a franchise transfer.