What business experience must a proposed transferee have to operate a Bumper Man business?
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; (3) are not engaged and will not engage in the operation or ownership of a Competitive Business, 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 effective date of the Transfer.
Source: Item 23 — RECEIPTS (FDD pages 45–180)
What This Means (2025 FDD)
According to Bumper Man's 2025 Franchise Disclosure Document, a proposed transferee needs to have sufficient business experience, aptitude, assets, and financial resources to operate the Bumper Man business. The transferee must also meet Bumper Man's standards for franchisees at the time of the transfer.
These standards include satisfying minimum net worth, liquid asset, equity/debt ratio, and credit score requirements. The proposed transferee must also submit a complete and accurate franchise application and pay all applicable fees. They must also complete and pass all background checks and have no felony convictions or other crimes that may adversely affect Bumper Man's marks or system.
Additionally, the transferee must not have previous claims against another franchisor or affiliate and must not have a history of litigiousness. They also 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 and suitable to maintain the standards and reputation of the Bumper Man franchise.