What information must be included in the written notice to Bambu regarding a proposed franchise transfer?
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 franchise transfer. This notice must include specific information to allow Bambu to properly evaluate the transfer.
Initially, the written notice had to contain information detailed enough for Bambu to evaluate the terms and conditions, including a written offer from the proposed transferee. However, this requirement has been updated.
The updated requirements specify that the notice must now include: (1) the proposed transferee's name and address; (2) copies of all agreements related to the sale, transfer, or assignment; (3) the proposed transferee's application to become a successor franchisee, including all information requested by Bambu to assess their business experience, aptitude, and financial qualifications; and (4) 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 for new and renewing franchisees.
This level of detail ensures that Bambu can thoroughly assess the suitability of the proposed transferee and protect the integrity of the Bambu franchise system. Franchisees should ensure they gather all required documentation to avoid delays in the transfer process.