What is the late fee for a late notice from Bumper Man?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date |
|---|---|---|
| (4) Late Fees | $150 per late notice | Upon receipt of invoice. |
Source: Item 6 — OTHER FEES (FDD pages 12–15)
What This Means (2025 FDD)
According to Bumper Man's 2025 Franchise Disclosure Document, a franchisee will be charged $150 per late notice. This fee is due upon receipt of the invoice. It is important for prospective Bumper Man franchisees to understand and budget for this potential expense, as late payments can quickly add up and impact profitability.
Franchisees should ensure they have systems in place to manage invoices and payments promptly to avoid incurring these late fees. This could include setting up reminders, automating payments, or assigning responsibility for invoice management to a dedicated staff member. Understanding the due dates for all fees and adhering to them is crucial for maintaining a positive financial relationship with Bumper Man.
Furthermore, the FDD states that interest begins to accrue from the date of non-payment, although it does not specify the interest rate. Therefore, it is important to pay attention to all invoices and ensure timely payments to avoid late fees and accruing interest.