What is a condition that would prevent a Buona franchisee from renewing their franchise agreement?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
ement and Manuals (as defined in Article VII), or otherwise in writing including but not limited to such structural changes, remodeling and redecoration and such modifications to existing improvement as may be necessary to do so;
- (h) Franchisee and its manager(s) comply with Franchisor's then-current training requirements and attend such refresher training classes as Franchisor deems necessary.
- (i) Franchisee maintains possession of the premises of the Approved Location, or if Franchisee is unable to maintain possession of the Approved Location, secures an approved substitute and agrees to expeditiously develop the substitute premises in compliance with the then current standards and specification for the development of Franchised Businesses; and
- (j) Franchisee pays to Franchisor a renewal fee in the amount of Seven Thousand
Five Hundred Dollars ($7,500.00) at least thirty (30) days prior to the signing of the renewal Franchise Agreement.
- 2.3 Effect of Non-Renewal. Franchisee will not have the right
Source: Item 22 — CONTRACTS (FDD page 78)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, a franchisee will not have the right to renew their franchise agreement if they fail to comply with any of the conditions of renewal. These conditions include complying with Buona's then-current training requirements and attending refresher training classes deemed necessary by Buona.
Another condition is maintaining possession of the premises of the approved location. If the franchisee cannot maintain possession, they must secure an approved substitute and develop the substitute premises according to the current standards for franchised businesses.
Additionally, the franchisee must pay a renewal fee of $7,500 at least 30 days before signing the renewal franchise agreement. Failure to meet any of these conditions will result in the franchisee not being granted a renewal franchise agreement, and they must comply with the provisions of Article XVI of the agreement upon expiration.