When is the renewal fee due for a Bumper Man franchise?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date |
|---|---|---|
| Renewal Fee | The greater of 3% of the then current initial franchise fee and $1,000 | 6 months before expiration of term of Franchise Agreement. |
Source: Item 6 — OTHER FEES (FDD pages 12–15)
What This Means (2025 FDD)
According to Bumper Man's 2025 Franchise Disclosure Document, the renewal fee is due 6 months before the expiration of the franchise agreement. The renewal fee is the greater of 3% of the then-current initial franchise fee or $1,000.
For a prospective Bumper Man franchisee, this means planning ahead for the renewal well in advance. It's crucial to understand the initial franchise fee at the time of renewal, as the 3% calculation is based on that current fee, not the original fee paid when the franchise was initially purchased.
Budgeting for the larger of the two amounts (3% of the initial franchise fee or $1,000) six months before the agreement expires is essential for a smooth renewal process. Failing to pay on time could jeopardize the franchisee's ability to continue operating under the Bumper Man brand.