For Bumble Roofing, are Royalty Fees payable during any Interim Period?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
- 5.4 The Royalty Fees shall be payable to Franchisor on or before the 5th day of each month and shall be payable through the entire Initial Term of this Agreement and any Interim Period.
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, Royalty Fees are indeed payable during any Interim Period. The franchise agreement states that the franchisee must pay royalty fees throughout the entire Initial Term of the agreement and also during any Interim Period.
This means that even if there's a gap or transition period during the franchise term, Bumble Roofing franchisees are still obligated to pay the Royalty Fees. This could occur if the franchisee is negotiating a renewal, transferring ownership, or in other specific situations that create a temporary pause within the franchise agreement's term.
It is important for prospective franchisees to understand this obligation, as it impacts their financial planning and ongoing costs. Franchisees should clarify with Bumble Roofing the specific circumstances that might trigger an Interim Period and how Royalty Fees are calculated and paid during such times.