When is the Bumble Roofing audit fee due?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Audit | Cost of the audit plus related expenses, provided that the costs of the audit are only due if an irregularity of greater than 5% is discovered in any reported amount, or if reports are not submitted as required. | As incurred | We have the right under the Franchise Agreement to examine certain records including without limitation your financials, bank statements and tax returns. If an examination of these records reveals a discrepancy of more than 5% the full amount of the audit's actual costs will be charged in addition to any unpaid amounts discovered and other remedies as permitted under the Agreement. |
Source: Item 6 — OTHER FEES (FDD pages 19–24)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, the audit fee is due as incurred. However, the cost of the audit and related expenses are only due if an irregularity of greater than 5% is discovered in any reported amount, or if reports are not submitted as required.
Bumble Roofing has the right to examine certain records, including financials, bank statements, and tax returns, under the Franchise Agreement. If this examination reveals a discrepancy of more than 5%, the franchisee will be charged the full amount of the audit's actual costs. This is in addition to any unpaid amounts discovered and other remedies permitted under the agreement.
This means a Bumble Roofing franchisee will only be responsible for audit costs if they have significant discrepancies in their reporting or fail to submit reports as required. It is important for prospective franchisees to maintain accurate records and submit them on time to avoid potential audit fees.