factual

Is a Bumble Roofing franchisee required to use a specific bookkeeping service?

Bumble_Roofing Franchise · 2025 FDD

Answer from 2025 FDD Document

  • (7) Professional Fees.

Estimated cost for professionals such as bookkeepers, accountants, and attorneys.

You are required to use our bookkeeping service.

You may incur professional fees depending on the scope of work performed, which may include legal and accounting fees to review franchise documents and costs of forming a separate legal entity.

This list is not exhaustive.

This amount will vary greatly depending on your specific needs and location.

Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 24–27)

What This Means (2025 FDD)

According to Bumble Roofing's 2025 Franchise Disclosure Document, franchisees are required to use the bookkeeping service designated by the company. This requirement is listed under 'Professional Fees' within the estimated initial investment section. The FDD also notes that the estimated cost for professional fees, including bookkeepers, accountants, and attorneys, ranges from $1,000 to $5,000.

This means that as a Bumble Roofing franchisee, you will not have the option to choose your own bookkeeping service and must use the one mandated by the franchisor. This ensures that all franchisees are using a standardized system for financial record-keeping, which can help with consistency and accuracy across the franchise system.

The FDD specifies that professional fees are 'as incurred,' meaning you will pay for these services as they are used. The estimated range of $1,000 to $5,000 covers various professional services, including legal and accounting fees, and the costs of forming a separate legal entity, if necessary. However, the exact amount will depend on the scope of work performed and your specific needs and location. It is important to factor in this ongoing cost when assessing the overall financial viability of the franchise.

Prospective franchisees should inquire about the specific bookkeeping services provided, the associated costs, and the reasons for requiring a specific service. Understanding the scope of services included and how they integrate with Bumble Roofing's overall financial management system is crucial for effective business operations.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.