What conditions must a Buona franchisee meet to be eligible for renewal?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 23: RECEIPTS]
(e) Franchisee has fully and faithfully performed all of Franchisee's obligations under this Agreement throughout the Term;
(f) Franchisee has paid or otherwise fully satisfied all monetary obligations owed by Franchisee to Franchisor and its Affiliates and to designated suppliers and any indebtedness of Franchisee that is guaranteed by Franchisor, and Franchisee has timely paid or otherwise satisfied these obligations throughout the Term;
(g) Franchisee agrees, at its sole cost and expense, to remodel, reimage, renovate, refurbish and modernize the Franchised Business within six (6) months after execution of the thencurrent standard form of franchise agreement including but not limited to building design, parking lot, landscaping, equipment, point of sale system, signs, interior and exterior decor items, fixtures, furnishings, equipment, trade dress, color scheme, presentation of trademarks and service marks, supplies and other products and materials, to meet Franchisor's then-current standards, specifications and design criteria for Buona Businesses, as contained in the then-current franchise agreement and Manual (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 Buona 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 to renew this Agreement upon its expiration if Franchisee fails to comply with any of the above conditions of renewal.
Source: Item 23 — RECEIPTS (FDD pages 78–356)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, a franchisee must meet several conditions to be eligible for renewal. The franchisee must have fully and faithfully performed all obligations under the franchise agreement throughout the term. This indicates that Buona expects franchisees to adhere strictly to the terms outlined in the agreement.
Financially, the franchisee must have paid all monetary obligations owed to Buona, its affiliates, and designated suppliers, and have timely satisfied these obligations throughout the term. This highlights the importance of maintaining good financial standing with Buona and its related entities. Additionally, the franchisee must agree to remodel, reimage, renovate, refurbish, and modernize the franchised business within six months after executing the renewal agreement, at their own cost. This includes updates to building design, parking lot, landscaping, equipment, point of sale system, signs, and overall decor to meet Buona's current standards.
Furthermore, the franchisee and their managers must comply with Buona's current training requirements and attend any refresher courses deemed necessary by Buona. The franchisee must also maintain possession of the premises or secure an approved substitute location. Finally, the franchisee must pay a renewal fee of $7,500 at least 30 days before signing the renewal agreement. Failure to comply with any of these conditions will result in the franchisee not having the right to renew the agreement.