Does Bambu advise potential franchisees to seek professional legal and financial advice before purchasing a Bambu shoppe?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
| A. | The following are true and correct: | |----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | 1. | Yes No I had a face-to-face meeting with a franchise marketing representative. If yes, the date of said meeting was: | | 2. | The date which I received the Franchise Disclosure Document about the Franchise. | | 3. | The date I received a fully completed copy (other than signatures) of the Franchise Agreement I later signed. | | 4. | The earliest date on which I signed the Franchise Agreement or any other binding document (not including the Receipt of Disclosure Document). | | 5. | The earliest date on which I delivered cash, check or | | | consideration to the franchise marketing representative or any other person. | | B. | In order to ensure that your decision to purchase a Bambū franchise from Bambu Franchising, LLC ("BFL") is based upon your own independent investigation and judgment, please complete and sign this Closing Acknowledgment. I confirm the following [please change, in handwriting, and initial any change necessary]: | | 1. | I have not received any information, either verbal or written, regarding the sales, revenues, earnings, income or profits of Bambū shoppes from any officer, employee, agent or area sales representative of BFL, except as set forth in Item 19 of BFL's Disclosure Document. | | 2. | I have not received any assurances, promises or predictions of how well my Bambū shoppe will perform financially from any officer, employee, agent or area sales representative of BFL, except as may be set forth in Item 19 of BFL's Disclosure Document. | | 3. | I have made my own independent determination that I have adequate working capital to develop, open and operate my Bambū shoppe. | | 4. | I acknowledge that BFL will give me written guidelines to assist me in locating a site for my shoppe, but I also understand that I am responsible for the final decision regarding the selection of a suitable site. | | 5. | I am not relying on any promises of BFL which are not contained in the Bambū franchise agreement. | there is no guarantee that it will be profitable.
- I understand that my investment in a Bambū shoppe contains substantial business risks and that
| 7. | I have been advised by BFL and its representatives to seek professional legal and financial advice in all matters concerning the purchase of my Bambū shoppe. |
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, Bambu advises potential franchisees to seek professional legal and financial advice. Specifically, the receipt includes an acknowledgement that the prospective franchisee has been advised by Bambu to seek professional counsel regarding the purchase of their Bambu shoppe.
This acknowledgement is part of a larger receipt that the prospective franchisee must sign, confirming they have received and reviewed the Franchise Disclosure Document. This receipt is an important legal document for both the franchisee and Bambu. It demonstrates that the franchisee was informed of the risks and responsibilities associated with the franchise before making a purchase.
By advising franchisees to seek outside counsel, Bambu aims to ensure that franchisees enter the agreement with a full understanding of its implications. Seeking legal and financial advice is a standard practice in franchising, as it helps protect the interests of both parties and minimizes potential disputes down the line. It is important for prospective franchisees to take this advice seriously and consult with qualified professionals before making a final decision.