To whom is the initial franchise fee for Bumper Man paid?
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) | ||
| $15,000 - $40,000 | As arranged Monthly payments over the life of the finance contract unless purchased outright (see note 5) | Lender, Dealership or Seller |
| Truck with Tonneau | ||
| Cover or Camper | ||
| Shell (2) | ||
| Computer $750 - $1,500 | As arranged As arranged | Vendor |
| Hardware, Software | ||
| (3) | ||
| $2,000 - $4,000 | As incurred As arranged | Transportation, Service, and Lodging Providers |
| Training-related | ||
| Expenses (4) | ||
| Telephone and $75 - $300 | As incurred Monthly | Vendors |
| Mobile Phone | ||
| $1,700 - $3,000 | As arranged As arranged; | Insurance |
| before opening | Broker | |
| Insurance (5) | ||
| To Whom | ||
| Type of Method of | ||
| Amount When Due | Payment is to | |
| Expenditure Payment | be Made | |
| $1,000 - $2,000 As incurred As arranged | Lawyers, Accountants, Governmental Authorities, other Professional Advisors | |
| Professional Fees; | ||
| Licenses | ||
| $2,500 - $4,000 As incurred As incurred | Suppliers, Phone Service Providers, Lenders | |
| Additional Funds-3 | ||
| months (6) | ||
| TOTAL(7) $73,025to $104,800 |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 15–18)
What This Means (2025 FDD)
According to Bumper Man's 2025 Franchise Disclosure Document, the initial franchise fee of $50,000 is paid to 'Us,' which refers to the franchisor, Bumper Man. This payment is due in a lump sum upon signing the Franchise Agreement.
Other expenses listed in Item 7 of the FDD are paid to different entities. For example, the cost for a truck with a tonneau cover or camper shell, estimated between $15,000 and $40,000, is paid to a lender, dealership, or seller, and is typically arranged through monthly payments over the life of a finance contract unless purchased outright. Computer hardware and software, estimated between $750 and $1,500, are paid to the vendor. Training-related expenses, ranging from $2,000 to $4,000, are paid to transportation, service, and lodging providers.
Insurance costs, estimated between $1,700 and $3,000, are paid to an insurance broker. Professional fees and licenses, ranging from $1,000 to $2,000, are paid to lawyers, accountants, governmental authorities, and other professional advisors. Additional funds for the first three months of operation, estimated between $2,500 and $4,000, are paid to suppliers, phone service providers, and lenders. Understanding to whom each payment is made is an important part of planning the initial investment for a Bumper Man franchise.