Can Bambu charge the franchisee its current rate for additional training beyond the three representatives covered by the transfer fee?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
The Transfer Fee covers the training for up to three representatives of transferee.
Bambu reserves the right to charge Franchisee its then current rate for training any additional representatives of transferee.
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, the transfer fee covers training for up to three representatives of the transferee. Bambu retains the right to charge its then-current rate for training any additional representatives of the transferee. This means that if the new franchisee wants more than three people trained as part of the transfer, they will have to pay an additional fee.
This policy has a direct financial implication for franchisees looking to transfer their franchise. The cost of training additional representatives can add to the overall expenses associated with the transfer. It is important for franchisees to factor in these potential training costs when negotiating the terms of the transfer with a potential buyer.
Prospective franchisees should inquire about the current training rates for additional representatives to accurately assess the potential costs. Understanding these costs upfront can help in making informed decisions about staffing and training needs during the transfer process. This is a fairly standard practice in franchising, as franchisors need to ensure that all personnel operating under the brand are properly trained, and it allows them to recoup the costs associated with providing that training.