What is the minimum successor franchise fee for a Bumble Roofing franchise?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
ccessor Franchise Fee (defined below) instead of the Initial Franchise Fee and the Successor Term will be no less than five years, as described above.
- (g) Franchisee pays Franchisor the successor franchise fee equal to the greater of $5,000 or 25% of the then existing Initial Franchise Fee as described in the Franchisors then exist
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, a franchisee seeking to extend their franchise term must pay a successor franchise fee. This fee is the greater of $5,000 or 25% of the then-current initial franchise fee. Therefore, the minimum successor franchise fee that a Bumble Roofing franchisee would pay is $5,000.
This fee is due when the franchisee signs the Successor Franchise Agreement. It's important to note that the successor agreement may contain terms and conditions that are materially different from the original agreement.
As a practical matter, franchisees should be prepared to pay at least $5,000 to renew their franchise. They should also carefully review the terms of the new franchise agreement to understand any changes in their obligations or the franchisor's requirements.