What business experience, aptitude, assets, and financial resources must a proposed Bumper Man transferee possess?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
- (ii) The proposed transferee (and its direct and indirect owners): (1) have sufficient business experience, aptitude , assets and financial resources to operate the Bumper Business; (2) are individuals that meet Franchisor's then-applicable Standards for Bumper Business franchisees;
Source: Item 23 — RECEIPTS (FDD pages 45–180)
What This Means (2025 FDD)
According to the 2025 Bumper Man Franchise Disclosure Document, a proposed transferee must demonstrate sufficient business experience, aptitude, assets, and financial resources to successfully operate the Bumper Man business. The transferee must also meet Bumper Man's standards for franchisees.
Specifically, the proposed transferee must satisfy Bumper Man's minimum net worth, liquid asset, equity/debt ratio, and credit score requirements. They must submit a complete and accurate franchise application and pay all applicable fees. Passing all background checks is also mandatory, and the transferee must not have any felony convictions or other crimes that could adversely affect Bumper Man's marks or system.
Additionally, the transferee cannot be involved in a competitive business and must cooperate with due diligence requests from Bumper Man. These conditions ensure that the transferee is capable, financially stable, and committed to upholding the standards and reputation of the Bumper Man franchise.