What is the amount of the non-refundable on-site training fee deposit required when signing the Buona Franchise Agreement?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
ainbow Express franchise.
On-Site Training Fee Deposit
You must pay us an on-site training fee for the on-site assistance that we will provide you at your restaurant location before and around the time of the opening of the Buona Business. When you sign the Franchise Agreement, you must pay a non-refundable on-site training fee deposit in the amount of $20,000. The nonrefundable balance of the on-site training fee will be pai
Source: Item 5 — INITIAL FRANCHISE FEE (FDD pages 14–15)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, franchisees must pay a non-refundable on-site training fee deposit of $20,000 when signing the Franchise Agreement. This fee covers the on-site assistance Buona provides at the restaurant location before and around the time of opening.
The remaining balance of the on-site training fee is due after the training is complete and the Buona restaurant has opened for business. This deposit is non-refundable, meaning that under most circumstances, the franchisee will not receive this money back, even if they do not proceed with opening the restaurant.
Franchise agreements commonly include non-refundable fees to cover the franchisor's initial expenses and efforts in setting up a new franchisee. The $20,000 non-refundable on-site training fee deposit should be considered carefully by prospective Buona franchisees, as it represents a significant upfront investment that is not recoverable.