What is the exception to the Franchised Business Renovation requirement for Buona franchisees based on the remaining term?

According to Buona's 2025 Franchise Disclosure Document, a franchisee is only required to conduct a full Franchised Business Renovation once during the term of their agreement. However, a franchisee will not be required to perform a Franchised Business Renovation if there is less than one year remaining in the term.

This means that if a Buona franchisee's agreement is nearing its end, specifically with less than a year left, they are exempt from the potentially significant expense and disruption of a full renovation. This can be a considerable benefit for franchisees approaching the end of their term, as it avoids a major capital expenditure shortly before the franchise agreement expires.

It is important to note that this exception does not relieve the franchisee of their other obligations to maintain the Buona business according to the franchisor's standards. Regular maintenance, cleanliness, and adherence to system standards are still required, ensuring the location continues to meet Buona's brand expectations even without a full renovation in the final year.