When a Bambu franchisee provides notice of a proposed transfer, what information about the proposed transferee must be included?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
-
- Subsections (d) and (e) of Section 17.2 are deleted in their entirety and the following provision is substituted in their place:
- 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.
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, a franchisee must provide written notice to Bambu at least 30 days before a proposed transfer. This notice must include specific information about the potential transferee.
The required information includes the proposed transferee's name and address, copies of all agreements related to the sale, transfer, or assignment, and the proposed transferee's application to become the successor franchisee. This application must contain all information requested by Bambu to assess the transferee's business experience, aptitude, and financial qualifications.
Additionally, the franchisee must provide any other information reasonably requested by Bambu as part of its transfer approval process. Bambu will evaluate the proposed transferee using the same criteria it uses to assess new and renewing franchisees. This ensures that any new franchisee meets Bambu's standards for business acumen and financial stability.