diff --git a/README.md b/README.md
index cb5378c3..558f3d37 100644
--- a/README.md
+++ b/README.md
@@ -79,9 +79,11 @@ Usage: crm [OPTIONS] COMMAND [ARGS]...
   Command line interface for conda recipe management commands.
 
 Options:
-  --help  Show this message and exit.
+  -v, --verbose  Enables verbose logging (for commands that use the logger).
+  --help         Show this message and exit.
 
 Commands:
+  bump-recipe         Bumps a recipe file to a new version.
   convert             Converts a `meta.yaml` formatted-recipe file to the new
                       `recipe.yaml` format.
   graph               Interactive CLI for examining recipe dependency graphs.
diff --git a/conda_recipe_manager/commands/README.md b/conda_recipe_manager/commands/README.md
index e8b768b9..4c5d3b15 100644
--- a/conda_recipe_manager/commands/README.md
+++ b/conda_recipe_manager/commands/README.md
@@ -27,6 +27,50 @@ to unique error cases.
 
 # List of Tools
 
+## `bump-recipe`
+This tool takes an existing recipe file and "bumps" it to target a new software version.
+
+As of writing, this tool can automatically update:
+- The `/build/number` field
+- The package version number (either by canonical `version` variable or `/package/version` field)
+- Any applicable `sha-256` fields in the `/source` section
+
+If a network request is required to perform a modification, this script will use a retry-with-a-back-off mechanism to
+recover in the event of a network failure.
+
+If the recipe only needs to increment the `/build/number` field, `--build-num` flag can be used.
+
+### Usage
+```sh
+Usage: crm bump-recipe [OPTIONS] RECIPE_FILE_PATH
+
+  Bumps a recipe to a new version.
+
+  RECIPE_FILE_PATH: Path to the target recipe file
+
+Options:
+  -b, --build-num             Bump the build number by 1.
+  -d, --dry-run               Performs a dry-run operation that prints the
+                              recipe to STDOUT and does not save to the recipe
+                              file.
+  -t, --target-version TEXT   New project version to target. Required if
+                              `--build-num` is NOT specified.
+  -i, --retry-interval FLOAT  Retry interval (in seconds) for network
+                              requests. Scales with number of failed attempts.
+                              Defaults to 30 seconds
+  --help                      Show this message and exit.
+```
+
+### Example
+Upgrade the `types-toml` feedstock from version `0.10.8.6` to `0.10.8.20240310`.
+```sh
+crm bump-recipe -t 0.10.8.20240310 types-toml-feedstock/recipe/meta.yaml
+```
+Only increment the `/build/number` field.
+```sh
+crm bump-recipe --build-num types-toml-feedstock/recipe/meta.yaml
+```
+
 ## `convert`
 This tool converts one or more recipe files from the V0 recipe format to the
 [V1 recipe format](https://github.com/conda/ceps/blob/main/cep-14.md).