What is the minimum amount for the Bumble Roofing successor franchise fee?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
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| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Transfer Fee | Greater of 20% of then-current Franchise Fee or $10,000. | 50% due at the time the request to transfer is made. |
Source: Item 6 — OTHER FEES (FDD pages 19–24)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, the successor franchise fee is the greater of 25% of the then-current franchise fee or $5,000 per territory.
This means that if a franchisee chooses to renew their franchise agreement, they will need to pay this successor fee. The actual amount will depend on the franchise fee at the time of renewal and the number of territories the franchisee operates.
For a prospective Bumble Roofing franchisee, it's important to understand that this fee is in addition to any other ongoing fees or royalties. Franchisees should factor this potential cost into their long-term financial planning. It is also important to note that the successor fee applies per territory, so franchisees with multiple territories will face a higher fee upon renewal.