What is included in the definition of 'Gross Revenues' for a Bumble Roofing franchise?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
- As used in this chart, the term "Gross Revenues" means amounts derived from all products or services sold from or through your Franchise (across all Territories), including any sale of products or services made for cash or credit, or partly for cash and partly for credit, less refunds. "Gross Revenues" also includes the fair market value of any services or products received by you in barter or in exchange for services and products.
Gross Revenues are deemed received by the franchisee at the time the services or products are delivered or at the time the sale takes place, whatever occurs first, regardless if final payment has actually been received by the franchisee.
Source: Item 6 — OTHER FEES (FDD pages 19–24)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, 'Gross Revenues' encompass all income derived from products and services sold through the franchise, spanning all territories. This includes sales made for cash or credit, whether fully or partially paid.
Furthermore, the definition extends to the fair market value of any services or products received in barter or exchange for other services and products. This means that if a Bumble Roofing franchisee engages in a transaction where they receive goods or services instead of cash, the equivalent cash value of those goods or services must be included in their reported Gross Revenues.
The FDD clarifies that Gross Revenues are considered received at the time the services or products are delivered or when the sale occurs, whichever happens first. This is regardless of whether the franchisee has actually received final payment. This definition is important because Bumble Roofing uses Gross Revenues to calculate royalty fees and other payments due to the company.