Must a proposed transferee for a Bumper Man franchise submit a franchise application?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
- (2) The proposed transferee (and its direct and indirect owners):
- (i) have sufficient business experience, aptitude, assets and financial resources to operate the Bumper Business;
- (ii) are individuals of good character and otherwise meet Franchisor's thenapplicable Standards for Bumper Man franchisees, including without limitation: (A) the proposed transferee must satisfy Franchisor's minimum net worth, liquid asset, equity/debt ratio and credit score requirements; (B) the proposed transferee must submit a complete and accurate franchise application and payment of all applicable fees; (C) the proposed transferee must complete and pass all background checks; (D) there must not be any felony convictions or other crimes of proposed transferee that may adversely affects the Marks, the System or the Franchisor, and there must not be a pleading of no contest to any other of these by the proposed transferee; (E) there have been no previous claims by the proposed transferee against another franchisor or affiliate; (F) the operation or ownership of the Bumper Business or proposed transferee's entity will not violate any contracts with any third party; and (G) the proposed transferee must not have a pattern or practice of litigiousness;
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 must submit a complete and accurate franchise application as part of the transfer requirements. Specifically, the proposed transferee must meet Bumper Man's standards for franchisees. These standards include submitting a franchise application and paying all applicable fees.
In addition to submitting a franchise application, the proposed transferee must satisfy Bumper Man's minimum net worth, liquid asset, equity/debt ratio, and credit score requirements. 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. The transferee cannot have previous claims against another franchisor or affiliate and must not have a pattern or practice of litigiousness.
These requirements ensure that the proposed transferee is qualified to operate the Bumper Man franchise and will maintain the standards of the Bumper Man system. The franchisor also needs to ensure that the transfer will not violate any contracts with any third party. These stipulations are typical in franchising to protect the brand and ensure the continued success of the franchise system.