What is the minimum prior written notice a Bambu franchisee must provide to Bambu of a proposed transfer?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
Provision by Franchisee of written notice to Bambu 30 days prior to the proposed effective date of the transfer, such notice to contain information reasonably detailed to enable Bambu to evaluate the terms and conditions of the proposed transfer, an which at a minimum includes a written offer from the proposed transferee.
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 effective date of a transfer. This notice must contain detailed information that allows Bambu to evaluate the terms and conditions of the proposed transfer, including a written offer from the potential transferee.
This 30-day notice period allows Bambu to assess the proposed transfer, evaluate the transferee's qualifications, and exercise its right of first refusal. Bambu will evaluate the proposed transferee based on the same criteria used for new franchisees. The transferee may also need to complete the training program.
It's important to note that Bambu also has a 30-day right of first refusal to purchase the franchisee's rights, interest, or assets under the same terms and conditions as the proposed transfer. This right of first refusal period runs concurrently with the period Bambu has to approve or disapprove the proposed transfer. Any material change in the terms of the proposed transfer is considered a separate offer, giving Bambu a new 30-day right of first refusal.