What is the assumed financing term for a vehicle for a Bumble Roofing franchise?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
ning program attendees.
- Equipment and Vehicles. We do not require that you purchase a vehicle if you already own a suitable one in good condition that meets our then-current standards and specifications and can be dedicated to the Roofing Business, however, you will be required to purchase the vehicle graphics and equipment package from us or our affiliates. If you do not already own a suitable vehicle, you must either lease or purchase one. The above estimates assume that you will lease or purchase a vehicle that meets our then-current standards and specifications, in addition to the required vehicle graphics and equipment to operate a single Franchise in a single territory. The high figure assumes you fund the entire purchase with cash at the highest end of the price range. The low figure assumes you finance with a 20% down payment as described below. As noted in Item 8 certain proprietary products, including vehicle wraps and graphics, certain services, equipment or tools required or developed in the future may be supplied solely by us. These estimates are based on a 20% down payment, with the remainder financed over a 60-month term, at an interest rate of 9% plus three months of payments. Your down payment, term and interest may vary. You must obtain the required initial equipment prior to commencing operations. The required initial equipment consists of one approved vehicle (currently Ford Maverick, Ford Ranger, or Ford F150) plus certain basic tools and equipment including but not limited to a ladder, roofing samples, pressure washer, drone, and ladder rack. If paid in full, your total required equipment cost will range from $46,423 to $79,434. Below, we have shown the total investment to make you aware of the overall costs. These numbers were calculated by using a range of $30,000 to $50,000 for the Ford Truck, plus $5,000 for the required graphics package, and up to $7,000 for various tools and equipment; the high amount includes an additional 12% buffer to account for ex
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 24–27)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, the estimated initial investment for equipment and vehicles assumes a financing term of 60 months. The document specifies that this estimate is based on a 20% down payment, with the remaining balance financed over this 60-month term at an interest rate of 9%.
For a prospective Bumble Roofing franchisee, this means that if you choose to finance a vehicle, the estimated costs provided in the FDD are calculated assuming a five-year repayment period. The FDD also indicates that the actual down payment, term, and interest rate may vary depending on individual circumstances and the lending policies of financial institutions. The estimates provided are based on financing a Ford truck, plus the required graphics package, tools, and equipment.
It's important to note that the FDD provides a range for the cost of the vehicle and equipment, and the financing terms are based on these estimates. The low end of the range for the total initial required equipment and vehicle is $46,423, with a $9,285 down payment and a financed amount of $37,138. The high end of the range is $79,434, with a $15,887 down payment and a financed amount of $63,547. The monthly financed amount at a 9% interest rate is estimated to be $771 on the low end and $1,320 on the high end.
Prospective franchisees should carefully consider these estimates and consult with financial institutions to determine the actual financing terms available to them. Factors such as creditworthiness and available collateral will influence the actual terms of the loan. Bumble Roofing also specifies that certain proprietary products, including vehicle wraps and graphics, may be supplied solely by them, which could impact the overall cost and financing needs.