What standards must the owners of the proposed transferee meet to operate a Bumper Man business?
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;
- (iii) 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
- (iv) 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. Franchisor may expand upon, and provide more details related to, the conditions for transfer and Franchisor's consent as described in this Section 16(c), and may do so in the Manual or otherwise in writing. Franchisor may, but is not obligated to, provide additional details regarding the transfer conditions and Franchisor's consent to Franchisee.
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 and their direct and indirect owners must meet several standards to operate a Bumper Man business. These standards ensure that the new owners have the necessary capabilities and integrity to maintain the brand's reputation and operational standards. The transferee must demonstrate sufficient business experience, aptitude, assets, and financial resources to successfully manage the Bumper Man business.
Additionally, the proposed transferee must meet Bumper Man's standards for franchisees, which include satisfying minimum net worth, liquid asset, equity/debt ratio, and credit score requirements. They must also submit a complete and accurate franchise application and pay all applicable fees. Background checks must be completed and passed, and there must be no felony convictions or other crimes that could adversely affect Bumper Man's marks or system. The transferee must also not have a history of claims against other franchisors and must not be involved in any activities that violate contracts with third parties or demonstrate a pattern of litigiousness.
Furthermore, the proposed transferee must not be engaged in or plan to engage in the operation or ownership of a competitive business, committing solely to the Bumper Man business. They must also cooperate with reasonable due diligence requests made by Bumper Man. These conditions ensure that the transferee is fully committed to the Bumper Man system and capable of upholding its standards. Bumper Man retains the right to expand upon these conditions in the Manual or in writing.