Under what circumstances might Bambu grant an extension to the opening deadline?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
You must open your shoppe within one year after signing the Franchise Agreement. However, we may agree, in our sole discretion, to an extension of these deadlines upon a showing that you are making a diligent effort in obtaining a Franchised Location and opening the shoppe. If you fail to open your shoppe within one year, in our sole discretion, you may be required to pay us the monthly Royalty Fee and Marketing and Technology Fee. No contractual limit exists on the time it takes us to approve or disapprove your proposed location. However, we typically take no more than 10 business days to approve or disapprove your proposed location, and we may extend the deadline for opening your shoppe when circumstances beyond your reasonable control delay the site selection and approval process. (Sections 5.1, 5.8 and 7.1.b of the Franchise Agreement; Section 3.3 of the MUD Agreement.)
Source: Item 11 — Franchisor's Assistance, Advertising, Computer Systems, and Training (FDD pages 28–38)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, franchisees are generally required to open their shoppe within one year of signing the Franchise Agreement. However, Bambu may grant an extension if circumstances warrant it.
Specifically, Bambu may agree to an extension if the franchisee demonstrates a diligent effort in securing a Franchised Location and opening the shoppe. Additionally, the document states that Bambu may extend the deadline for opening the shoppe when circumstances beyond the franchisee's reasonable control delay the site selection and approval process.
It's important to note that if a franchisee fails to open their Bambu shoppe within one year, Bambu has the sole discretion to require the franchisee to pay the monthly Royalty Fee and Marketing and Technology Fee, even if the store is not yet open. This highlights the importance of diligent effort and communication with Bambu during the site selection and opening process.