What is the transfer fee for a Bumble Roofing franchise, and when is it due?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
ccessor Franchise Fee (defined below) instead of the Initial Franchise Fee and the Successor Term will be no less than five years, as described above.
- (g) Franchisee pays Franchisor the successor franchise fee equal to the greater of $5,000 or 25% of the then existing Initial Franchise Fee as described in the Franchisors then exist
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to the 2025 Bumble Roofing Franchise Disclosure Document, a franchisee who is extending their franchise term will pay a Successor Franchise Fee. This fee is the greater of $5,000 or 25% of the then-existing Initial Franchise Fee.
This Successor Franchise Fee is due and payable to Bumble Roofing at the time of signing the Successor Franchise Agreement. This means that franchisees need to be prepared to pay this fee when they formally agree to extend their franchise term.
It is important to note that the Successor Franchise Agreement may contain materially different terms and conditions than the original agreement. Therefore, franchisees should carefully review the new agreement before signing and paying the Successor Franchise Fee to ensure they understand the updated terms of the franchise.