Does the Bumper Man franchisee have to pay all amounts owed to the franchisor's affiliates before a transfer?

According to Bumper Man's 2025 Franchise Disclosure Document, a franchisee must meet specific conditions before transferring their franchise. One of these conditions is that the franchisee and its principals must have paid all Continuing Service Fees and all other amounts owed to Bumper Man and its affiliates. They must also have submitted all required reports, statements, and data, and otherwise be in full compliance with the Franchise Agreement as of the date of the request for transfer approval and as of the effective date of the transfer.

This requirement ensures that Bumper Man franchisees are up-to-date on all financial and reporting obligations before a transfer can proceed. This protects Bumper Man and its affiliates from potential financial losses or compliance issues that could arise from a transfer involving a franchisee who is not in good standing.

For a prospective Bumper Man franchisee, this means understanding that any outstanding debts or unsubmitted reports could delay or prevent a franchise transfer. It is crucial to maintain accurate records, submit reports on time, and promptly address any financial obligations to Bumper Man and its affiliates to ensure a smooth transfer process should they decide to sell their franchise in the future.