What understanding regarding economic and business risks associated with operating the Bumper Man Franchise is required of the franchisee?
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 business factors that exist at the |
| time of opening of the Franchise may change. |
| No employee or other person speaking on behalf of Franchisor made any |
| statement or promise to You or anyone else regarding the amount of money |
| You may earn in operating the Franchise that is contrary to, or different from, |
| the information contained in the FDD. |
| No employee or other person speaking on behalf of Franchisor made any |
| statement or promise to You or anyone else concerning the total revenues the |
| Franchise may generate that is contrary to, or different from, the information |
| contained in the FDD. |
| No employee or other person speaking on behalf of Franchisor made any |
| statement or promise to You or anyone |
Source: Item 22 — CONTRACTS (FDD page 45)
What This Means (2025 FDD)
According to Bumper Man's 2025 Franchise Disclosure Document, franchisees must acknowledge their understanding of the economic and business risks associated with operating a Bumper Man franchise. This includes understanding that the success or failure of the franchise depends significantly on the franchisee's skills and abilities, business acumen, the designated area, local market conditions, competition, interest rates, the economy, inflation, and other economic and business factors. Furthermore, franchisees must acknowledge that these economic and business factors can change over time.
Prior to opening their Bumper Man franchise, franchisees must have discussed or had the opportunity to discuss these economic and business risks with a professional advisor, such as an attorney or accountant. This requirement ensures that franchisees are aware of the potential challenges and uncertainties involved in operating the franchise.
Bumper Man also requires franchisees to acknowledge that no employee or representative of Bumper Man has made any statements or promises regarding potential earnings or revenues that contradict the information provided in the FDD. This is to ensure that franchisees are making informed decisions based on the official disclosures rather than relying on potentially misleading verbal assurances.