What fee must a Bumble Roofing franchisee pay to extend their rights to operate the Roofing Business?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
ccessor Franchise Fee (defined below) instead of the Initial Franchise Fee and the Successor Term will be no less than five years, as described above.
- (g) Franchisee pays Franchisor the successor franchise fee equal to the greater of $5,000 or 25% of the then existing Initial Franchise Fee as described in the Franchisors then existing Franchise Agreement ("**Succes
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, a franchisee must pay a Successor Franchise Fee to extend their rights to operate the roofing business for an additional term. This fee is the greater of $5,000 or 25% of the then-current Initial Franchise Fee. This fee is due when the franchisee signs the Successor Franchise Agreement.
To qualify for a Successor Term, the Bumble Roofing franchisee must meet several conditions. These include resolving any breaches of the agreement, avoiding multiple breaches in the year before the initial term expires, providing timely written notice of intent to extend, staying current on all payments, meeting the then-current qualifications for new or renewing franchisees, and executing the Successor Franchise Agreement and related agreements.
It is important to note that the terms and conditions in the Successor Franchise Agreement may differ significantly from the original agreement. Additionally, Bumble Roofing may modify the franchisee's territory at the time of renewal to align with the company's current standards for protected areas. This could mean the franchisee may need to execute multiple successor agreements if their original territory now encompasses more than one protected territory under the new standards.