When are the Royalty Fees payable to Bumble Roofing?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee's obligations to make the Royalty and the National Branding & Marketing Fee shall commence on the Operational Start Date, even if Franchisee has not yet begun operating its Business. 4. seasonal periods, if any: Abatement Period (if any): The Minimum Royalty Fees shall be abated during the following FRANCHISOR: BUMBLE ROOFING FRANCHISOR, LLC
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, the franchisee's obligation to pay royalty fees commences on the Operational Start Date. The Operational Start Date is defined as the earlier of (a) the date the franchisee begins operation of their business, or (b) six months from the Effective Date of the Franchise Agreement.
This means that a Bumble Roofing franchisee must begin paying royalty fees no later than six months after signing the Franchise Agreement, even if they have not yet opened their roofing business. This is a crucial point for prospective franchisees to consider in their financial planning, as they will need to factor in royalty payments even during the initial setup phase of their business.
It is important to note that the specific amount and calculation of the royalty fees are not detailed in this excerpt. A prospective franchisee should carefully review the full Franchise Agreement and related exhibits to understand the complete financial obligations, including the royalty fee structure, payment methods, and any potential abatements or adjustments.