When does interest begin to accrue on non-payment of fees to Bumper Man?

According to Bumper Man's 2025 Franchise Disclosure Document, interest on unpaid fees begins to accrue from the date of non-payment. This means that if a franchisee fails to pay any fees owed to Bumper Man on time, interest charges will start accumulating immediately from the due date.

This policy is fairly standard in franchising, as it incentivizes franchisees to make timely payments. The specific interest rate is not mentioned in this section of the FDD, so prospective franchisees should inquire about the exact rate Bumper Man charges on overdue amounts to fully understand the potential financial implications of late payments. Knowing the interest rate will allow a franchisee to calculate the true cost of any delayed payments and factor that into their financial planning.

In addition to interest, Bumper Man also charges a $150 late fee per late notice. Franchisees should be aware of both the interest accrual and the late fee policy to avoid incurring unnecessary expenses. It is important to maintain good financial management practices to ensure all payments are made on time and to understand the full cost of any potential delays.