When must the initial franchise fee be paid to Bumper Man if paying in a lump sum?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
IAL FEES**
You must pay us an Initial Franchise Fee of $50,000 when you sign the Franchise Agreement. Most franchisee operators pay in a lump sum. However, for qualified candidates who meet our credit criteria, we may accept one half ($25,000) of the Initial Franchise Fee upon execution of the Franchise Agreement and the second half of the Initial Franchise Fee at the date we specify in the financing agreement. See Item 10 for an explanation of financing terms.
We will refund part of the Initial Franchise Fee if we determine in our sole discretion that you have not satisfactorily completed initial training, less our costs and expenses in providing training and support to you (which costs and expenses will not exceed $15,000). Other than this single exception, the Initial Franchise Fee is fully earned by us upon receipt and non-r
Source: Item 5 — INITIAL FEES (FDD page 12)
What This Means (2025 FDD)
According to Bumper Man's 2025 Franchise Disclosure Document, the initial franchise fee of $50,000 is due when you sign the Franchise Agreement, assuming you are paying in a lump sum. However, the FDD notes that qualified candidates who meet Bumper Man's credit criteria may be eligible to finance a portion of the initial franchise fee.
For those who qualify for financing, Bumper Man may accept half ($25,000) of the initial franchise fee upon execution of the Franchise Agreement. The remaining half would then be paid at a date specified in a financing agreement. This financing option can make the initial investment more manageable for some franchisees.
It is important to note that a portion of the initial franchise fee covers the cost of the initial set of tools and supplies that Bumper Man will loan to you. Additionally, Bumper Man may refund part of the initial franchise fee if they determine that you have not satisfactorily completed initial training, although they will deduct their costs and expenses for providing training and support, up to a maximum of $15,000. Otherwise, the initial franchise fee is fully earned upon receipt and is non-refundable.