What is the Successor Franchise Fee that the Bumble Roofing franchisee shall pay?

According to Bumble Roofing's 2025 Franchise Disclosure Document, a franchisee seeking to extend their franchise term must pay a Successor Franchise Fee. This fee is the greater of $5,000 or 25% of the then-current Initial Franchise Fee. This fee is due when the Successor Franchise Agreement is signed.

To qualify for a Successor Term, the Bumble Roofing franchisee must meet several conditions. They must resolve any breaches of the agreement, avoid multiple breaches in the 12 months before the current term ends, provide timely written notice of their intent to extend, remain current on all payments, and meet the then-current qualifications for new or renewing franchisees. Additionally, the franchisee must execute the Successor Franchise Agreement, which may have different terms than the original agreement.

Bumble Roofing retains the right to modify the franchisee's territory upon renewal to align with current standards for new franchisees. This could involve adjusting the territory size based on population changes or different calculation methods. If the original territory now encompasses multiple protected territories under the new standards, Bumble Roofing may require the franchisee to execute multiple Successor Franchise Agreements to continue operating in the entire original area.

Prospective franchisees should note that the Successor Franchise Agreement may contain materially different terms and conditions than the original agreement. It is crucial to carefully review the new agreement to understand any changes in obligations, standards, or other requirements. Understanding the conditions for renewal and the potential changes in the franchise agreement is essential for long-term planning as a Bumble Roofing franchisee.