Who is responsible for paying the Transfer Fee to the Franchisor when transferring a Bumper Man franchise?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
- (vi) Franchisee or the transferee pays to Franchisor a Transfer Fee in
connection with the Transfer which includes the fee for Initial Training as required above.
Source: Item 23 — RECEIPTS (FDD pages 45–180)
What This Means (2025 FDD)
According to the 2025 Bumper Man Franchise Disclosure Document, either the franchisee or the transferee is responsible for paying the transfer fee to Bumper Man, Inc. in connection with the transfer of the franchise. The transfer fee includes the fee for the initial training of the new franchisee, as required by Bumper Man.
Specifically, the FDD states that before a transfer can occur, either the franchisee or the transferee must pay the transfer fee to Bumper Man. This fee is in connection with the transfer of the franchise and covers the cost of the initial training that the new franchisee must complete.
This means that a prospective Bumper Man franchisee looking to buy an existing franchise should clarify with the seller (the current franchisee) who is responsible for paying this fee. The transfer will not be approved until Bumper Man receives the transfer fee, so it is important to determine this early in the negotiation process.