What happens if a Bumble Roofing franchisee fails to pay amounts due to affiliates?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
- (d) Franchisee is current in its payment obligations to Franchisor, Franchisor's Affiliates, and Franchisee's trade creditors;
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, failing to meet payment obligations to Bumble Roofing's affiliates can impact a franchisee's ability to extend their franchise term. Specifically, to qualify for a Successor Term, a franchisee must be current in their payment obligations to Bumble Roofing, its affiliates, and their trade creditors.
This requirement means that if a Bumble Roofing franchisee has outstanding debts to any of Bumble Roofing's affiliates, they may not be eligible to renew their franchise agreement for an additional term. The decision to grant a Successor Term is at Bumble Roofing's discretion, and meeting all requirements does not guarantee an extension.
This condition underscores the importance of maintaining good financial standing with Bumble Roofing and its related entities. A prospective franchisee should carefully consider the potential impact of any financial difficulties on their ability to continue operating their Bumble Roofing franchise beyond the initial term.