What are the business experience, aptitude, assets, and financial resources requirements for a proposed Certified Technician for a Bumper Man franchise?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
The proposed Certified Technician: (1) has sufficient business experience, aptitude, assets and financial resources to operate the Bumper Business; (2) meets Franchisor's then-applicable standards for Bumper Business franchisees set forth in the Manual; (3) and each of the Persons holding a direct or indirect Equity Interest in Certified Technician (if Certified Technician is an Entity) is not engaged and will not engage in the operation or ownership of a business offering bumper repair services or any competitor of Bumper Man, and will engage only in the operation of the Bumper Business; and (4) will cooperate with reasonable due diligence requests made by Franchisor promptly thereafter and if additional time is reasonably needed, then prior to the proposed Commencement Date.
Source: Item 23 — RECEIPTS (FDD pages 45–180)
What This Means (2025 FDD)
According to the 2025 Bumper Man Franchise Disclosure Document, a proposed Certified Technician must meet certain criteria related to business experience, aptitude, assets, and financial resources. Specifically, the Certified Technician must have sufficient business experience, aptitude, assets, and financial resources to operate the Bumper Business.
In addition to these requirements, the proposed Certified Technician must also meet Bumper Man's then-applicable standards for Bumper Business franchisees, as outlined in the Manual. These standards likely include minimum net worth, liquid asset, equity/debt ratio, and credit score requirements. The Certified Technician must also complete and pass all required background checks and cannot have any felony convictions or a pattern of litigiousness.
Prospective Bumper Man franchisees should carefully review the Franchise Agreement and the Manual to fully understand the specific requirements for a Certified Technician. It is important to ensure that any proposed Certified Technician meets these standards to avoid potential issues with Bumper Man. Franchisees should also inquire about the specific financial thresholds and other qualifications that Bumper Man will use to evaluate potential Certified Technicians.