On what page of the Bambu FDD can I find information about nonrefundable fees?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
- 12.6 Nonrefundable Fees.
Except as specifically contemplated in this Agreement, all fees once paid, shall be nonrefundable in all circumstances.
2. INITIAL FRANCHISE AND DEVELOPMENT FEES
2.1. Fees.
- (c) Other than to have applied the portions of the Development Fee to a portion of the initial franchise fee for subsequent Franchise Agreements as described in Section 2.1(b), all fees hereunder are nonrefundable once paid to Bambu and under no circumstances will Franchisee be entitled to a refund, return or rebate of any portion of initial franchise fees paid hereunder.
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, information regarding nonrefundable fees can be found on page 73 and page 122. Specifically, page 73 states that all fees are nonrefundable once paid, except as specifically contemplated in the agreement. Page 122 further clarifies that all fees under the MUD agreement are nonrefundable once paid to Bambu, with the exception of portions of the Development Fee that may be credited towards the initial franchise fee for subsequent shoppes.
This means that a prospective Bambu franchisee should carefully consider all fees before paying them, as they are generally nonrefundable. The initial franchise fee, development fee, transfer fee, and relocation fee are likely nonrefundable. It is important to understand the specific conditions under which a refund may be possible, as outlined in the Franchise Agreement.
Franchisees should pay close attention to the terms and conditions related to each fee, and seek clarification from Bambu regarding any uncertainties. Understanding the nonrefundable nature of these fees is crucial for making informed financial decisions and managing expectations throughout the franchise relationship. Franchisees should also note that Bambu has the right to set-off any amounts the franchisee may owe against any amounts Bambu might owe to the franchisee.