Must a proposed transferee of a Bambu franchise complete the Training Program?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee by will, declaration of or transfer in trust or under the laws of intestate succession.
- 17.2 Pre-Conditions to Franchisee's Transfer. 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:
- a. Payment of all amounts due and owing pursuant to this Agreement by Franchisee to Bambu or its affiliates or to third parties holding a security interest in any asset of the franchised business and Franchisee is otherwise in full compliance with this Agreement.
- b. Agreement by the proposed transferee to satisfactorily complete the Training Program described in this Agreement, which training may be completed by the transferee either prior to or immediately after assignment of this Agreement.
- c.
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, a proposed transferee must satisfactorily complete the Training Program. This requirement is a pre-condition for the transfer of a Bambu franchise. The training can be completed either before or immediately after the assignment of the Franchise Agreement.
In addition to completing the training program, the proposed transferee must also meet other conditions to be approved. Bambu will assess the proposed transferee's business experience, aptitude, and financial qualifications. The transferee must also execute a Franchise Agreement and any other required ancillary documents.
The transferor or transferee must also pay a transfer fee to Bambu, which covers training for up to three representatives of the transferee. Bambu retains the right to charge its then-current rate for training any additional representatives beyond the initial three. This ensures that the new franchise owner and their team are adequately trained to maintain Bambu's standards and operational procedures.