What is the minimum length of the additional term offered by Bumble Roofing upon renewal?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section in Franchise Agreement or Other Agreement | Summary |
|---|---|---|
| a. Length of the Franchise Term | Section 3 of Franchise Agreement | Franchise Agreement: 7 years. |
| b. Renewal or extension of the term | Section 3 of Franchise Agreement | If you wish to do so, and you satisfy all of the preconditions to obtaining a Successor Franchise, we will offer you the right to obtain an additional term of for a period of time equal to our then-current initial term (but no less than 5 years). |
| c. Requirements for franchisee to renew or extend | Section 3 of Franchise Agreement | Renewal means obtaining the right to operate the Business for another term. Requirements to renew include: sign our then-current successor franchise agreement ("Successor Franchise Agreement") for the Successor Term, and this new Franchise Agreement may have materially different terms and conditions (including, e.g. higher royalty and advertising contributions) from the Franchise Agreement that covered your original term, be current in all payments, not have committed 2 breaches in the 12 months before the end of the term, sign release, pay renewal fee, meet our qualifications for new and renewing franchisees, provide notice, upgrade the computer system and vehicle, and provide proof of current licenses, insurance and permit. |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 43–45)
What This Means (2025 FDD)
According to the 2025 Bumble Roofing Franchise Disclosure Document, the initial franchise term is 7 years. If a franchisee meets all the requirements for a Successor Franchise, Bumble Roofing will offer an additional term. This additional term will be equal to the then-current initial term, but will not be less than 5 years.
To renew their franchise with Bumble Roofing, franchisees must sign the then-current successor franchise agreement, which may include materially different terms and conditions such as higher royalty and advertising contributions. Franchisees must also be current on all payments, not have committed two breaches in the 12 months before the end of the term, sign a release, pay a renewal fee, meet the qualifications for new and renewing franchisees, provide notice, upgrade the computer system and vehicle, and provide proof of current licenses, insurance, and permits.
It is important for prospective Bumble Roofing franchisees to understand that the terms of the renewal agreement can change, potentially impacting profitability. Franchisees should carefully review the requirements for renewal and consider the potential for increased costs or altered obligations when making their initial investment decision.