What criteria does Bambu use to evaluate a proposed transferee?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee acknowledges that the proposed transferee shall be evaluated for approval by Bambu based on the same criteria as is then currently being used to assess new franchisees of Bambu and that such proposed transferee shall be provided, if appropriate, with such pre-transfer disclosures as may be required by state or federal law.
- d. Provision by Franchisee of no less than 30 days' prior written notice to Bambu of the proposed transfer, such notice to contain: (1) the proposed transferee's name and address; (2) copies of all agreements related to such sale, transfer or assignment; (3) the proposed transferee's application to become the successor franchisee, including all information requested by Bambu and sufficient to assess the proposed transferee's business experience, aptitude and financial qualification; and (4) all other information reasonably requested by Bambu as part of its transfer approval process, it being acknowledged that Bambu shall evaluate the proposed transferee for approval based on the same criteria currently being used to assess new and renewing franchisees of Bambu.
Franchisee acknowledges that prior to approving any transfer, Bambu may impose reasonable conditions on Franchisee and its purported transferee in addition to those conditions listed in Section 17.2.
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, the company evaluates a proposed transferee using the same criteria it uses to assess new franchisees. Bambu must receive sufficient information to assess the proposed transferee's business experience, aptitude, and financial qualifications.
To initiate a transfer, the franchisee must provide Bambu with written notice at least 30 days before the proposed effective date. This notice should include the proposed transferee's name and address, copies of all agreements related to the transfer, the transferee's application to become a successor franchisee (including all information requested by Bambu), and any other information reasonably requested by Bambu as part of its transfer approval process.
Bambu has 30 days from the date of the written notice to approve or disapprove the proposed transfer. The FDD states that Bambu may impose reasonable conditions on the franchisee and its transferee before approving any transfer, in addition to the conditions listed in Section 17.2 of the agreement.