Where can I find the number of shoppes that Bambu grants the franchisee the right to develop?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
h shoppes under the terms and conditions contained in this MUD Agreement.
The parties therefore agree as follows:
1. GRANT OF DEVELOPMENT RIGHTS
- 1.1. Development Area. Bambu grants to Franchisee the right to develop and establish the number of shoppes described in the Addendum using Bambu's Marks and Bambū system in the geographic area described in the Addendum attached hereto (the "Development Area"). Except pursuant to Section 4.1 below, Bambu shall not establish, nor shall it license any other party to establish, shoppes using the Marks and Bambū system anywhere within the Development Area for so long as this MUD Agreement is in effect. Notwithstanding the foregoing, there may be existing Franchise Agreements in effect as of the date of this MUD Agreement under which Bambu has granted rights to third parties to operate Bambū shoppes in the Development Area (the "Existing Shoppes"). Franchisee agrees and acknowledges that the Franchise Agreements for such Existing Shoppes may remain in effect, and nothing in this MUD Agreement shall prevent, prohibit, or restrict the operations of such Existing Shoppes. Bambu may renew the Franchise Agreements or enter into successor Franchise Agreements for such Existing Shoppes.
- 1.2. Franchisor's Reservation of Rights.
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, the number of shoppes a franchisee has the right to develop can be found in the Addendum to the Multi-Unit Development Agreement. Specifically, Section 1.1 states that Bambu grants the franchisee the right to develop the number of shoppes described in the Addendum within a defined geographic area, also detailed in the Addendum.
This agreement ensures that, with some exceptions, Bambu will not establish or license others to establish Bambu shoppes within the franchisee's Development Area as long as the Multi-Unit Development Agreement is in effect. However, the agreement acknowledges the possible existence of 'Existing Shoppes' operating under prior franchise agreements, which will not be affected by the new agreement. Bambu retains the right to renew or enter into successor agreements with these Existing Shoppes.
Furthermore, Section 3.1 clarifies that the franchisee must adhere to a development schedule, also found in the Addendum, which outlines the number of shoppes to be developed, including the initial shoppe under the concurrently executed Franchise Agreement. Compliance with this development schedule is critical, and the franchisee must maintain continuous operation of at least the number of shoppes specified in the schedule. Prospective franchisees should carefully review the Addendum to understand their development obligations and timelines.