What is the estimated useful life of Bumble Roofing's franchise agreements?

According to Bumble Roofing's 2025 Franchise Disclosure Document, the estimated useful life of the franchise agreements is 7 years. This means that Bumble Roofing amortizes the value associated with its franchise agreements over a 7-year period.

For a prospective franchisee, this information is relevant because it relates to how Bumble Roofing accounts for its franchise agreements as intangible assets. The value of these agreements is amortized on a straight-line basis, which affects the company's financial statements.

Additionally, Bumble Roofing evaluates whether changes have occurred that would require a revision of the remaining estimated useful life of the franchise agreements. This evaluation ensures that the financial reporting accurately reflects the value and lifespan of these intangible assets. This is a standard accounting practice to ensure the intangible assets are appropriately valued on the company's balance sheet.