What information must a Bambu franchisee provide in a transfer notice?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
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- 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 the proposed transfer date. This notice must include specific information to enable Bambu to evaluate the transfer. The notice must 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. Bambu will evaluate the proposed transferee using the same criteria it uses for new and renewing franchisees.
This level of detail allows Bambu to thoroughly vet potential transferees, ensuring they meet the brand's standards for business acumen and financial stability. This protects the Bambu brand and the interests of other franchisees. The 30-day notice period gives Bambu ample time to conduct its evaluation and request any additional information needed.
It is important for prospective franchisees to understand these requirements, as failure to comply with them could delay or even prevent a transfer. Franchisees should maintain organized records of all agreements and be prepared to provide comprehensive information about the proposed transferee. This process is typical in franchising, as franchisors need to maintain control over who operates under their brand name.