What is the late fee charged by Bumper Man per Late Notice Issued?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
marizes certain provisions of the Franchise Agreement to which it is attached. In the event of a conflict in the terms of the Summary Page and the Franchise Agreement, the terms of the Franchise Agreement will control.
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Source: Item 23 — RECEIPTS (FDD pages 45–180)
What This Means (2025 FDD)
According to Bumper Man's 2025 Franchise Disclosure Document, a franchisee will be charged a late fee of $150 per Late Notice Issued. This fee applies when payments are not received by Bumper Man on or before the due date.
Bumper Man considers any payment not received on time as overdue, emphasizing that timely payments are critical to the franchise agreement. Failure to pay on time constitutes a material breach of the agreement.
The late fee is intended to cover the administrative and management costs that Bumper Man incurs when dealing with late payments and reports, and it is explicitly stated that this fee is not considered interest or a penalty.