Under what conditions will Bumble Roofing offer a successor franchise agreement?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section in Franchise Agreement or Other Agreement | Summary |
|---|---|---|
| a. Length of the Franchise Term | Section 3 of Franchise Agreement | Franchise Agreement: 7 years. |
| b. Renewal or extension of the term | Section 3 of Franchise Agreement | If you wish to do so, and you satisfy all of the preconditions to obtaining a Successor Franchise, we will offer you the right to obtain an additional term of for a period of time equal to our then-current initial term (but no less than 5 years). |
| c. Requirements for franchisee to renew or extend | Section 3 of Franchise Agreement | Renewal means obtaining the right to operate the Business for another term. Requirements to renew include: sign our then-current successor franchise agreement ("Successor Franchise Agreement") for the Successor Term, and this new Franchise Agreement may have materially different terms and conditions (including, e.g. higher royalty and advertising contributions) from the Franchise Agreement that covered your original term, be current in all payments, not have committed 2 breaches in the 12 months before the end of the term, sign release, pay renewal fee, meet our qualifications for new and renewing franchisees, provide n |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 43–45)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, a franchisee may be offered the right to obtain an additional franchise term if they meet certain preconditions. If a franchisee wishes to renew, Bumble Roofing will offer them the right to obtain an additional term for a period of time equal to the then-current initial term, but no less than 5 years, provided the franchisee satisfies all the preconditions to obtaining a Successor Franchise.
To renew the franchise, the franchisee must sign Bumble Roofing's then-current successor franchise agreement for the Successor Term. This new agreement may include materially different terms and conditions, such as higher royalty and advertising contributions, compared to the original franchise agreement. The franchisee must also be current on all payments owed to Bumble Roofing.
Additionally, the franchisee must not have committed two breaches of the agreement within the 12 months before the end of the current term. They must also sign a release, pay a renewal fee, and meet Bumble Roofing's qualifications for both new and renewing franchisees. These qualifications are not specified in this excerpt. Therefore, a prospective franchisee should inquire about the specific qualifications Bumble Roofing requires for renewal.