What must a Bambu franchisee do if the information in the Statement of Ownership changes?

According to Bambu's 2025 Franchise Disclosure Document, a franchisee must promptly provide Bambu with written notification if the information contained in the Statement of Ownership changes during the term of the Franchise Agreement. Additionally, the franchisee must comply with the transfer provisions outlined in Article 17 of the agreement.

This means that if there are any changes to who owns or controls the Bambu shop, such as through the addition or removal of partners, a change in the ownership percentage, or any other alteration to the ownership structure, the franchisee is obligated to inform Bambu in writing without delay.

Furthermore, because the franchisee must comply with Article 17, this may involve seeking Bambu's approval for the transfer of ownership, which could include providing detailed information about the proposed transfer, ensuring the transferee meets Bambu's requirements, and potentially executing new agreements. This ensures that Bambu maintains control over who operates and owns its franchised locations and that any changes align with their standards and policies.