What is the length of the initial term for a Bumble Roofing franchise agreement?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
3.1 This Agreement and the License granted shall continue for a period of seven years ("Initial Term"). This Initial Term shall begin on the date this Agreement is executed by Franchisor, subject, however, to termination in accordance with the provisions of this Agreement. When the Initial Term expires Franchisee shall have the option to extend its rights to operate the Roofing Business for one additional term equal to the length of Franchisor's then-current initial term as described in its then-current BUMBLE ROOFING® franchise agreement ("Successor Term"), provided Franchisor determines in its sole and absolute discretion that Franchisee has met all of the following requirements:
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to the 2025 Bumble Roofing Franchise Disclosure Document, the initial term of the franchise agreement is seven years. This means that a new franchisee will be granted the rights to operate a Bumble Roofing business for a period of seven years from the date the agreement is signed by the franchisor.
After the initial seven-year term, a franchisee has the option to extend their agreement for an additional term. The length of this additional term will be equal to the length of Bumble Roofing's then-current initial term, but it will be no less than five years.
However, this option to renew is not guaranteed. Bumble Roofing has the sole discretion to decide whether the franchisee has met specific requirements to be eligible for a renewal. These requirements include remedying any breaches of the agreement, maintaining timely payments, meeting the franchisor's qualifications for new or renewing franchisees, and executing a successor franchise agreement.