When a Bumble Roofing franchisee sells their business, what must they submit to the franchisor?
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 ("Successor Franchise Fee"), which is due and payable to Franchisor at the time of signing the Successor Franchise Agreement;
- (h) Franchisee executes a general release of all claims Franchisee may have against Franchisor, its officers, directors, members, shareholders, agents, Affiliates, and employees, whether in their corporate and/or individual capacities. This release shall include all claims arising under any federal, state, or local law, rule, or ordinance arising out of or concerning this Agreement (to the fullest extent permitted by law) and shall be in a form satisfactory to Franchisor;
- (i) Franchisee has upgraded the computer system and vehicle used in operations of the Business to Franchisor's then-current standards;
- (j) Franchisee has provided Franchisor wit
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to the 2025 Bumble Roofing FDD, a franchisee seeking to execute a Successor Franchise Agreement must fulfill several conditions. These include paying Bumble Roofing a successor franchise fee. This fee is the greater of $5,000 or 25% of the then-current initial franchise fee. This payment is due when signing the Successor Franchise Agreement.
Additionally, the franchisee must execute a general release of all claims against Bumble Roofing, its officers, directors, members, shareholders, agents, affiliates, and employees. This release covers all claims arising under any federal, state, or local law, rule, or ordinance related to the Franchise Agreement, to the fullest extent permitted by law, and must be in a form satisfactory to Bumble Roofing.
Furthermore, the franchisee is required to upgrade the computer system and vehicle used in the business to Bumble Roofing's current standards. They must also provide proof of current licenses, insurance, and any necessary permits to Bumble Roofing. Finally, the franchisee must meet any other conditions that Bumble Roofing reasonably requires at the time of the agreement.