Under the Bumper Man Franchise Agreement, what financial and other obligations must a franchisee understand?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
| You understand the information contained in the FDD. |
|---|
| You received and personally reviewed the Franchise Agreement and each |
| exhibit attached to it. |
| You received a copy of the Franchise Agreement with all material blanks fully |
| completed. |
| Date of Receipt: |
| You understand your financial and other obligations under the Franchise |
| Agreement. |
| You have discussed or have had the opportunity to discuss the economic and |
| business risks of owning and operating the Franchise with an attorney, |
| accountant or other professional advisor. |
| You understand the economic and business risks associated with operating the |
| Franchise. |
| You understand that You must satisfactorily complete the initial training before |
| Franchisor will allow your Franchise to open, or otherwise before Franchisor |
| will consent to a transfer of your Franchise. |
| You understand that the success or failure of the Franchise will depend in large |
| part upon your skills and abilities, business acumen, the Designated Area, the |
| local market for products under our trademarks, the local competition, interest |
| rates, the economy, inflation and other economic and business factors. You |
| further acknowledge that the economic and busi |
Source: Item 22 — CONTRACTS (FDD page 45)
What This Means (2025 FDD)
According to the 2025 Bumper Man Franchise Disclosure Document, a franchisee must acknowledge that they understand their financial and other obligations under the Franchise Agreement. This includes understanding the information contained in the FDD and reviewing the Franchise Agreement and its exhibits.
Before opening a Bumper Man franchise, franchisees must satisfactorily complete the initial training program. The success or failure of the franchise depends on the franchisee's skills and abilities, business acumen, the designated area, the local market, competition, interest rates, the economy, inflation, and other economic and business factors.
Furthermore, the document indicates that no employee or person on behalf of Bumper Man made statements or promises about projected profits or earnings that contradict the FDD. Franchisees also need to understand that they have not been granted any territorial rights other than what is specifically in the Franchise Agreement and that other Bumper Man franchised businesses may operate nearby as long as they are outside the designated area. Bumper Man and its affiliates retain the right to engage in the production, distribution, or sale of products and services under the Bumper Man name through other systems that may compete with the franchisee's business.