Must all reports be submitted to the Bumper Man franchisor before a transfer can be approved?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 23: RECEIPTS]
only if the conditions set forth in this Section 16(d), as may be amended by Franchisor from time to time, are met prior to or concurrently with the proposed effective date of the Transfer:
- (i) Franchisee and its Principals have paid all Continuing Service Fees and all other amounts owed to Franchisor and its Affiliates, submitted all required Reports and other statements and data and otherwise are in full compliance with this Agreement as of the date of Franchisee's request for approval of the Transfer and as of the 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 franchisee must submit all required reports to the franchisor before a transfer of the franchise can be approved. Specifically, the franchisee must be in full compliance with the Franchise Agreement both at the time of requesting the transfer and on the effective date of the transfer. This includes submitting all required reports and other statements and data.
This requirement ensures that the Bumper Man franchisor has all necessary information to assess the financial and operational status of the franchise before a transfer. It protects the integrity of the Bumper Man system by ensuring that franchises are transferred in good standing.
For a prospective franchisee, this means that if they plan to sell their Bumper Man franchise, they must ensure all reports are up-to-date. Failure to do so could delay or even prevent the transfer. This is a fairly standard requirement in franchising, as franchisors typically want to ensure a smooth transition and maintain brand consistency.