What financial resources 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.
- (iii) The transferee and its owners as specified by Franchisor will complete the Initial Training.
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 financial resources to operate the Bumper Man business. Specifically, the transferee (and their direct and indirect owners) must possess sufficient business experience, aptitude, assets, and financial resources.
In addition to financial resources, the proposed transferee must meet Bumper Man's standards for franchisees. These standards include satisfying minimum net worth, liquid asset, equity/debt ratio, and credit score requirements. The transferee must also submit a complete and accurate franchise application and pay all applicable fees.
Furthermore, the transferee must complete and pass all background checks, have no felony convictions or other crimes that may adversely affect the Bumper Man brand, and have no previous claims against another franchisor. They must also not be engaged in a competitive business and must cooperate with due diligence requests made by Bumper Man.