When is the initial franchise fee due for a Bumper Man franchise?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
| To Whom | ||
|---|---|---|
| Type of | Method of | |
| Amount | When Due | Payment is to |
| Expenditure | Payment | be Made |
| $50,000 | Lump sum Upon signing Franchise Agreement | Us |
| Initial Franchise Fee | ||
| (1) |
Source: Item 6 — OTHER FEES (FDD pages 12–15)
What This Means (2025 FDD)
According to Bumper Man's 2025 Franchise Disclosure Document, the initial franchise fee of $50,000 is due in a lump sum upon signing the Franchise Agreement. This fee is paid directly to Bumper Man.
This means that a prospective Bumper Man franchisee must have $50,000 available at the time they sign the agreement to secure their franchise. This is a standard practice in franchising, as the initial fee covers Bumper Man's initial costs of setting up the franchise and providing initial training and support.
It is important to note that, as stated in the notes, payments are non-refundable unless otherwise noted. Therefore, a potential franchisee should carefully consider their decision before signing the Franchise Agreement and paying the initial franchise fee.