When is the balance of the on-site training fee for a Buona franchise due?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
trained by Franchisors, Franchisor will make this opportunity available to Franchisee provided training space is available in a regularly scheduled class. For each such additional manager, Franchisee will pay the thencurrent fee for this additional training.
- 8.3 On-Site Opening Assistance. One or more of Franchisor's representatives will provide on-site training and opening assistance to Franchisee and Franchisee's managers and employees prior to and immediately following the date of the opening of the Franchised Business. The length of the on-site training will be as Franchisor deems necessary for the proper opening and initial period of operation of the Franchised Business. Franchisee will pay an on-site training fee in the amount of the then-current daily fee for each of Franchisor's representatives that provide the on-site training plus the travel expenses incurred by Franchisor's representative in conducting the on-site training. Franchisee will pay a non-refundable o
Source: Item 22 — CONTRACTS (FDD page 78)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, a franchisee is required to pay a non-refundable deposit of $20,000 upon the execution of the Franchise Agreement. This deposit is part of the on-site training fee. The remaining balance of the on-site training fee is due upon completion of the on-site training, as determined by Buona. This balance is also non-refundable.
In practical terms, this means a prospective Buona franchisee needs to budget not only for the initial $20,000 deposit but also for the remaining on-site training fees. The total cost will depend on the daily rate for Buona's representatives and their travel expenses. Since the balance is due upon completion of the training, franchisees should ensure they have sufficient funds available at that time.
It's important to note that both the initial deposit and the balance of the on-site training fee are non-refundable. This highlights the need for careful consideration before signing the Franchise Agreement. Franchisees should clarify with Buona what factors determine the completion of on-site training to avoid any potential disputes regarding the timing of the final payment. Understanding the full scope of these costs is crucial for financial planning and ensuring a smooth launch of the franchise.