Until what event are initial fees and payments deferred for Bumble Roofing franchisees in Maryland?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
Based upon the franchisor's financial condition, the Maryland Securities Commissioner has required a financial assurance. Therefore, all initial fees and payments owed by franchisees shall be deferred until the franchisor completes its pre-opening obligations under the franchise agreement.
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, the Maryland Securities Commissioner has mandated a financial assurance due to the franchisor's financial condition. As a result, Bumble Roofing defers all initial fees and payments owed by franchisees in Maryland. This deferral lasts until Bumble Roofing fulfills its pre-opening obligations as outlined in the franchise agreement.
For a prospective Bumble Roofing franchisee in Maryland, this means they will not have to pay the initial franchise fee or any other initial payments until Bumble Roofing has completed all of its responsibilities to prepare the franchisee to open their business. These pre-opening obligations could include site selection assistance, training, providing operations manuals, and other forms of support necessary to launch the franchise.
This deferral of fees provides a significant benefit to new franchisees, reducing their upfront financial burden and risk. It ensures that Bumble Roofing is incentivized to provide the promised pre-opening support in a timely and effective manner before receiving the franchisee's initial investment. However, it is important for potential franchisees to carefully review the franchise agreement to fully understand what constitutes Bumble Roofing's pre-opening obligations and to confirm that these obligations are indeed met before any fees become due.