What specific information about the proposed transferee is Bambu entitled to request?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
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- Subsections (d) and (e) of Section 17.2 are deleted in their entirety and the following provision is substituted in their place:
- d. Provision by Franchisee of no less than 30 days' prior written notice to Bambu of the proposed transfer, such notice to contain: (1) the proposed transferee's name and address; (2) copies of all agreements related to such sale, transfer or assignment; (3) the proposed transferee's application to become the successor franchisee, including all information requested by Bambu and sufficient to assess the proposed transferee's business experience, aptitude and financial qualification; and (4) all other information reasonably requested by Bambu as part of its transfer approval process, it being acknowledged that Bambu shall evaluate the proposed transferee for approval based on the same criteria currently being used to assess new and renewing franchisees of Bambu.
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, if a franchisee wants to transfer their franchise, Bambu is entitled to request specific information about the proposed transferee. Bambu needs this information to assess whether the proposed transferee has sufficient business experience, aptitude, and financial qualifications. The information helps Bambu ensure that the new franchisee will be able to successfully operate the Bambu franchise.
Specifically, the franchisee must provide no less than 30 days' prior written notice to Bambu of the proposed transfer. This notice must include the proposed transferee's name and address, copies of all agreements related to the sale, transfer, or assignment, and the proposed transferee's application to become the successor franchisee. The application must include all information requested by Bambu to assess the proposed transferee's business experience, aptitude, and financial qualifications.
Bambu will evaluate the proposed transferee using the same criteria it uses to assess new and renewing franchisees. This ensures that the standards for franchise ownership remain consistent. Additionally, Bambu can request any other information reasonably required as part of its transfer approval process. This broad clause allows Bambu to gather any additional details it deems necessary to make an informed decision about the transfer.