What exhibit outlines the development schedule that Buona franchisees must adhere to?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
iability Franchisor A Dated: Dated: ADA 2025 FRANCHISOR INITIALS - 15 - DEVELOPER INITIALS
EXHIBIT A TO THE AREA DEVELOPMENT AGREEMENT
DESCRIPTION OF DEVELOPMENT AREA
[Insert description]
FRANCHISOR: CHICAGO'S ORIGINAL ITALIAN BEEF FRANCHISING, LLC An Illinois limited liability Franchisor DEVELOPER: [ENTITY NAME] A Dated: Dated: ADA 2025 - 16 - FRANCHISOR INITIALS______ ______DEVELOPER INITIALS
EXHIBIT B TO THE AREA DEVELOPMENT AGREEMENT
DEVELOPMENT SCHEDULE
Developer is obligated under this Agreement to develop, open and operate a minimum of three (3) Buona restaurants.
Source: Item 22 — CONTRACTS (FDD page 78)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, Exhibit B to the Area Development Agreement outlines the development schedule that franchisees must follow. This schedule details the dates by which a developer must have signed Franchise Agreements, signed leases or purchase agreements, and commenced operating Buona restaurants.
The Development Schedule requires developers to open and operate a minimum of three Buona restaurants. The agreement specifies the last date for the execution of the Franchise Agreement, the last date for the execution of the lease or date for the purchase agreement, and the date for commencement of operations upon the execution of the agreement for a franchisor-approved site.
Compliance with the Development Schedule is critical, as failure to meet these deadlines can result in financial penalties. If a franchisee is not in compliance with the Development Schedule when signing an additional franchise agreement, they may be required to pay the then-current initial franchise fee if it exceeds $32,000.00. This underscores the importance of adhering to the timelines outlined in Exhibit B to avoid additional costs.