What section of the Bambu FDD discusses financial performance data and use?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
- 16.6 Financial Performance Data and Use.
Franchisee shall submit to Bambu current financial statements and other reports as Bambu may request to evaluate or compile research and performance data on any operational aspect of its Bambū shoppe.
Bambu may also pull this data from other reports and information provided by Franchisee hereunder.
Franchisee authorizes Bambu to utilize this information to prepare a financial performance representation, to release this information as necessary to substantiate any financial performance representation made by Bambu, to share such information in summary form as Bambu deems necessary or desirable to share with other franchisees at any annual convention or other franchise business meetings, or in any other manner and with any other parties that Bambu deems appropriate without obtaining any further written consent of Franchisee.
All financial information transmitted by Franchisee to Bambu pursuant to this Agreement shall be owned by Bambu as part of the
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to the 2025 Bambu Franchise Disclosure Document, section 16.6, titled "Financial Performance Data and Use," discusses financial performance data. This section stipulates that franchisees must submit current financial statements and other reports as requested by Bambu to evaluate and compile research and performance data related to the Bambu shop's operational aspects.
Bambu is also permitted to extract data from reports and information provided by the franchisee. The franchisee authorizes Bambu to use this information to prepare financial performance representations, release information to substantiate any financial performance representation made by Bambu, and share information in summary form with other franchisees or other parties as Bambu deems appropriate, without needing further consent from the franchisee.
The FDD indicates that all financial information transmitted by the franchisee to Bambu becomes the property of Bambu as part of the Business Records, with no obligation on Bambu's part to account to the franchisee for its use and exploitation. This means that Bambu has broad rights to use the financial data provided by franchisees for various purposes, including compiling performance data and sharing it within the franchise system.