Is purchasing a vehicle mandatory for a Bumble Roofing franchise?

aining program attendees.

• Equipment and Vehicles. We do not require that you purchase a vehicle if you already own a suitable one in good condition that meets our then-current standards and specifications and can be dedicated to the Roofing Business, however, you will be required to purchase the vehicle graphics and equipment package from us or our affiliates. If you do not already own a suitable vehicle, you must either lease or purchase one. The above estimates assume that you will lease or purchase a vehicle that meets our then-current standards and specifications, in addition to the required vehicle graphics and equipment to operate a single Franchise in a single territory. The high figure assumes you fund the entire purchase with cash at the highest end of the price range. The low figure assumes you finance with a 20% down payment as described below. As noted in Item 8 certain proprietary products, including vehicle wraps and graphics, certain services, equipment or tools required or developed in the future may be supplied solely by us. These estimates are based on a 20% down payment, with the remainder financed over a 60-month term, at an interest rate of 9% plus three months of payments. Your down payment, term and interest may vary. You must obtain the required initial equipment prior to commencing operations. The required initial equipment consists of one approved vehicle (currently Ford Maverick, Ford Ranger, or Ford F150) plus certain basic tools and equipment including but not limited to a ladder, roofing samples, pressure washer, drone, and ladder rack. If paid in full, your total required equipment cost will range from $46,423 to $79,434. Below, we have shown the total investment to make you aware of the overall costs. These numbers were calculated by using a range of $30,000 to $50,000 for the Ford Truck, plus $5,000 for the required graphics package, and up to $7,000 for various tools and equipment; the high amount includes an additional 12% buffer to account for extra expenses or inflation.

The vehicles must each have Global Positioning System ("GPS") tracking system. The monthly cost per vehicle is approximately $30.00 to $35.00 per vehicle. This estimate assumes three months of service. GPS allows you to monitor efficiencies in your business.

(5) Insurance. Before you open for business, you must purchase and maintain at your sole cost and expense the insurance coverage that we specify. You must comply with all state minimums when obtaining insurance. Your costs will vary depending on the market, location and size of your Roofing Business, the amount of coverage you select, your insurance carrier and other factors. We set minimum insurance requirements for Roofing Businesses, but we recommend that you seek the advice of an independent risk management professional and/or insurance broker to determine the additional coverage you should have in place for your Roofing Business.

• (6) Computer, Phone and Technology Systems. We require you to purchase computer systems and software meeting our minimum specifications for use in your Franchise. This estimate includes the cost of the software packages, your office computer, a tablet computer, a telephone, a printer/scanner machine, and a Smartphone.

Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 24–27)