What expenses are included in Professional Fees for a Bumble Roofing franchise?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
fice because we anticipate that you will operate out of a home office.
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- Professional Fees includes the bookkeeping services fee ($350 a month per
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 45–50)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, Professional Fees include the bookkeeping services fee of $350 per month, as detailed in Item 6, along with estimates for tax preparation and legal expenses. This means that as a Bumble Roofing franchisee, you should anticipate these costs as part of your ongoing operational expenses. The $350 monthly bookkeeping fee is a fixed cost, while the amounts for tax preparation and legal expenses may vary depending on your specific needs and the complexity of your business operations.
The FDD provides a financial performance representation based on an affiliate-owned unit, where the Professional Fees totaled $6,000, representing 0.1% of revenue. This figure can serve as a benchmark for prospective franchisees, but it's important to recognize that actual expenses may differ based on individual circumstances and business decisions. For example, a new franchisee might incur higher legal fees during the initial setup phase compared to an established business.
Understanding the components of Professional Fees is crucial for accurate financial planning. Franchisees should budget not only for the mandatory bookkeeping services but also for potential tax and legal consultations. It is advisable to consult with financial and legal professionals to estimate these variable costs accurately for your specific situation. This proactive approach will help in managing cash flow and ensuring compliance with all regulatory requirements.