What is the minimum operating period required before a Bambu franchisee can transfer their rights?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee shall not transfer its rights under this Agreement or any interest in it, or any part or portion of any business entity that owns it or all or a substantial portion of the assets of the Bambū shoppe, unless: (1) the shoppe has already opened for business and has been operating for at least 30 days; and (2) Franchisee obtains Bambu's written consent and complies with all of the following requirements:
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, a franchisee must operate their Bambu shop for a minimum of 30 days before being eligible to transfer their franchise rights. This requirement ensures that the shop has been open for business and has some operational history before a transfer can occur.
In addition to the 30-day operating period, the franchisee must obtain Bambu's written consent and comply with several other requirements to complete the transfer. These include paying all outstanding amounts owed to Bambu or its affiliates, ensuring the proposed transferee completes the required training program, and having the transferee execute a new Franchise Agreement and related documents.
These conditions are typical in franchising, as franchisors like Bambu want to ensure that any new franchisee meets their standards and is fully trained to operate the business. The new agreement may have terms that differ from the original agreement. The transferee will not be required to pay an additional initial franchise fee.