When is the Bumble Roofing successor franchise fee due?
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 due upon executing the then-current successor Franchise Agreement. The fee is the greater of 25% of the then-current franchise fee or $5,000 per territory.
This means that if a franchisee chooses to renew their franchise agreement with Bumble Roofing, they will need to pay this fee at the time they sign the new agreement. The actual amount will depend on Bumble Roofing's current franchise fee at that time and the number of territories the franchisee operates.
Successor fees are common in franchising as they compensate the franchisor for the continued use of the brand, system, and intellectual property. Franchisees should factor this cost into their long-term financial planning when considering renewing their Bumble Roofing franchise agreement.