factual

What do the Operating Assets loaned by Bumper Man consist of?

Bumper_Man Franchise · 2025 FDD

Answer from 2025 FDD Document

  • (3) Loan you a set of the Bumper Man tools and equipment that you will need to perform Bumper Man bumper repairs and related services as well as an iPad mini or tablet and printer for invoicing ("Operating Assets"). (Franchise Agreement – Section 6(e)).

Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 22–27)

What This Means (2025 FDD)

According to the 2025 Bumper Man Franchise Disclosure Document, as part of the pre-opening obligations, Bumper Man will loan franchisees certain operating assets. These operating assets consist of the tools and equipment needed to perform bumper repairs and related services. Additionally, Bumper Man will loan an iPad mini or tablet and printer for invoicing purposes.

This loan of operating assets is a significant benefit for new Bumper Man franchisees. It reduces the initial investment required to start the business, as franchisees do not need to purchase these items outright. The inclusion of an iPad mini or tablet with pre-loaded software streamlines the invoicing process and facilitates communication with Bumper Man for billing purposes.

However, franchisees should be aware that this is a loan, not a gift. The FDD does not specify the terms of the loan or what happens to these assets if the franchise agreement is terminated. It would be prudent for prospective franchisees to clarify these details with Bumper Man before signing the franchise agreement. Understanding the obligations related to the loaned equipment is crucial for managing the financial aspects of the franchise.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.