What is the Bumble Roofing successor franchise fee?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
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| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Transfer Fee | Greater of 20% of then-current Franchise Fee or $10,000. | 50% due at the time the request to transfer is made. |
Source: Item 6 — OTHER FEES (FDD pages 19–24)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, the successor franchise fee is the greater of 25% of the then-current franchise fee or $5,000 per territory. This fee is due upon executing the then-current successor Franchise Agreement.
In practical terms, this means that if a franchisee chooses to renew their franchise agreement for another term, they will need to pay this successor fee. The actual amount will depend on Bumble Roofing's franchise fee at the time of renewal and the number of territories the franchisee operates. For example, if the then-current franchise fee is $40,000, 25% of that would be $10,000, which is greater than $5,000, so the franchisee would pay $10,000 per territory.
Successor fees are common in franchising, as they compensate the franchisor for the continued use of the brand, system, and support. Franchisees should factor this potential cost into their long-term financial planning when considering renewing their Bumble Roofing franchise agreement.