When becoming a Buona franchisee, what are you and your owners affirming regarding the information provided in applications and financial statements?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
- 16.1 You and your Owners affirm that all information you have given to us in any and all applications, financial statements and other submissions is true, complete and accurate in all respects, with you expressly acknowledging that we are relying upon the truthfulness, completeness and accuracy of such information.
Source: Item 22 — CONTRACTS (FDD page 78)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, as a prospective franchisee, you and your owners must affirm the truthfulness, completeness, and accuracy of all information provided to Buona in any applications, financial statements, and other submissions. This acknowledgement confirms that Buona is relying on the accuracy of this information when considering the franchise application.
This requirement is a standard practice in franchising, as the franchisor needs to assess the franchisee's financial stability and overall suitability. By signing the agreement, you acknowledge that Buona is depending on the information provided to make their decision.
It is important for prospective Buona franchisees to ensure that all information submitted during the application process is entirely truthful, complete, and accurate. Any misrepresentation or omission could potentially lead to legal issues or termination of the franchise agreement.