Who is the Developer for the Buona franchise, according to Exhibit C?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
Owners of the Developer, and all such Owners must execute the Guaranty and Assumption of Obligations which is attached hereto as Exhibit C concurrently with the execution of this Agreement by Developer.
Source: Item 22 — CONTRACTS (FDD page 78)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, Exhibit C to the Area Development Agreement is not included in the provided excerpts. The document mentions that owners of the Developer must execute the Guaranty and Assumption of Obligations, which is attached as Exhibit C, concurrently with the execution of the agreement by the Developer.
Without access to Exhibit C, it is impossible to determine the specific identity of the Developer. However, the document consistently refers to the Developer as "[ENTITY NAME] An Illinois limited liability". This suggests that the Developer is a legal entity rather than an individual.
A prospective Buona franchisee should request a full copy of the Area Development Agreement, including all exhibits, to fully understand the obligations and identify all parties involved. Specifically, they should confirm the exact legal name and contact information for the Developer, as well as the details of the Guaranty and Assumption of Obligations outlined in Exhibit C.