When entering into a Buona franchise agreement, what acknowledgement regarding business risk and success factors are franchisees required to make?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
- 16.1 You and your Owners affirm that all information you have given to us in any and all applications, financial statements and other submissions is true, complete and accurate in all respects, with you expressly acknowledging that we are relying upon the truthfulness, completeness and accuracy of such information.
- 16.2. You have conducted an independent investigation of the business contemplated by this Agreement and recognizes that, like any other business, an investment in Buona Restaurant franchises involves business risks and that the success of the venture is primarily dependent upon your business abilities and efforts, your active participation in the operation of the business, and other factors beyond our control.
Source: Item 22 — CONTRACTS (FDD page 78)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, franchisees must acknowledge certain factors related to business risks and the elements influencing the success of their Buona Restaurant franchise.
Specifically, franchisees must affirm that all information provided in applications and financial statements is truthful, complete, and accurate, acknowledging that Buona relies on this information. Furthermore, franchisees must recognize that investing in a Buona franchise involves business risks, similar to any other business venture.
The franchisee acknowledges that the success of the Buona business depends primarily on their own business abilities, efforts, and active participation in the business's operation, as well as other factors that may be beyond Buona's control. This acknowledgement highlights that while Buona provides a franchise system and support, the franchisee's own capabilities and dedication are crucial for the success of their individual location.