Is the business address of Bambu provided in Item 23 of the FDD?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 23: Receipts]
5. DEVELOPMENT OF FRANCHISED LOCATION
- 5.1 Approval of Franchised Location. Franchisee shall locate, within 90 days after the date of execution of this Agreement, a Franchised Location which is suitable for the operation of the Bambū shoppe and have it accepted by Bambu, provided that Bambu may extend this deadline in the event that Franchisee is making a diligent effort in obtaining a Franchised Location, as determined by Bambu in its discretion. Franchisee shall seek Bambu's approval of any site proposed as a Franchised Location, by submitting such site submittal information, including the address, site plan, terms sheet, and demographics and other reasonable materials requested by Bambu. Franchisee acknowledges and agrees that Bambu's review and acceptance of a site and any information provided by Bambu regarding the site does not constitute a representation or warranty of any kind, express or implied, as to the suitability of the site for a Bambū shoppe. If Bambu disapproves of any site proposed by Franchisee, Bambu will grant Franchisee an additional, reasonable period of time to obtain approval of a Franchised Location, as may be determined in Bambu's sole but reasonable business judgment.
- 5.2 Approval of Site Acquisition or Lease. Bambu will provide Franchisee assistance with the negotiation and review of a letter of intent for the lease, and the lease, for the Franchised Location, as Bambu determines appropriate in its discretion. Bambu's assistance will include suggestions and recommendations concerning the terms and conditions of the letter of intent and lease provisions. It ultimately is the responsibility of Franchisee to negotiate and accept the final terms of the lease and related documents. Franchisee must obtain Bambu's prior written approval before executing any letter of intent or lease for the Franchised Location. If Franchisee leases the Franchised Location, Franchisee shall ensure that the lease for the Franchised Location contains a use clause approved by Bambu and signage criteria that provides for adequate branding of the Bambū shoppe. While Bambu's assistance may include recommendations to protect Franchisee under the terms of the lease, Franchisee acknowledges that Bambu's involvement in the negotiation or approval of a lease for the Franchised Location is primarily for Bambu's benefit only and does not constitute a recommendation, endorsement or guarantee by Bambu of the suitability or profitability of the location, the lease. Franchisee should take all steps necessary to
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
Based on the 2025 FDD, Item 23 does not contain the business address of Bambu. Item 23 is titled "Receipts" and covers topics such as protection of marks, business records, reports, records and financial statements, development of franchised location, franchisee's business name, changes to the marks and Bambu system, insurance coverage, and other legal and operational aspects of the franchise.
Specifically, the item discusses the franchisee's responsibilities regarding site selection, compliance with Bambu's standards, and the use of approved bookkeeping systems. It also outlines Bambu's rights to access business records, make alterations to the franchised location for the protection of its marks, and modify the franchise agreement based on specific circumstances. The franchisee is responsible for obtaining necessary licenses and complying with applicable laws and regulations.
To find the business address of Bambu, a prospective franchisee should refer to Item 1 of the FDD, which typically includes the franchisor's identity, principal business address, and other pertinent information about the franchisor's background and experience. If the address is not located in Item 1, the prospective franchisee should ask the franchisor directly.