What is the due date for the initial franchise fee for a single-brand Buona free-standing restaurant?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
ay not be refundable depending on their policies or your arrangements with them.
- (1) Initial Franchise Fee Your Initial Franchise Fee is $40,000 and is payable in full when you sign the Franchise Agreement. The Initial Franchise Fee is non-refundable, except if we terminate your Franchise Agreement for your failure to successfully complete initial training in which case we will refund
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 23–32)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, the initial franchise fee for a single-brand Buona free-standing restaurant is $40,000. This fee is due in full when the Franchise Agreement is signed.
It is important to note that this initial franchise fee is generally non-refundable. However, there is an exception: if Buona terminates the Franchise Agreement because the franchisee fails to successfully complete the initial training, Buona will refund 10% of the initial franchise fee. This refund is contingent upon the franchisee delivering an executed release to Buona.
Prospective franchisees should be aware of these terms and conditions regarding the initial franchise fee. It is advisable to carefully consider the financial implications and ensure readiness for the initial training program to avoid potential loss of the franchise fee. Understanding the refund policy is crucial before signing the Franchise Agreement.