factual

In California, what does the addendum state regarding the Commissioner of Financial Protection and Innovation's finding about the information provided in the Buona Franchise Disclosure Document?

Buona Franchise · 2025 FDD

Answer from 2025 FDD Document

ALTHOUGH THESE FRANCHISES HAVE BEEN REGISTERED UNDER THE FRANCHISE INVESTMENT LAW OF THE STATE OF CALIFORNIA, SUCH REGISTRATION DOES NOT CONSTITUTE APPROVAL, RECOMMENDATION OR ENDORSEMENT BY THE COMMISSIONER OF FINANCIAL PROTECTION AND INNOVATION NOR A FINDING BY THE COMMISSIONER THAT THE INFORMATION PROVIDED HEREIN IS TRUE, COMPLETE AND NOT MISLEADING.

Source: Item 22 — CONTRACTS (FDD page 78)

What This Means (2025 FDD)

According to Buona's 2025 Franchise Disclosure Document, the addendum for California addresses the Commissioner of Financial Protection and Innovation's role regarding the information provided in the document. Specifically, the addendum states that the registration of the franchise in California does not constitute approval, recommendation, or endorsement by the Commissioner.

Furthermore, the addendum clarifies that the Commissioner does not make any finding that the information provided in the Franchise Disclosure Document is true, complete, and not misleading. This means that while the franchise is registered in California, the state's regulatory body does not guarantee the accuracy or reliability of the information presented in the FDD.

This disclaimer is a standard practice in franchise regulation. It is important for prospective Buona franchisees in California to understand that they must conduct their own due diligence and not rely solely on the fact of registration as an endorsement of the franchise opportunity. They should carefully review all aspects of the FDD, seek professional advice, and thoroughly investigate the franchise before making any investment.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.