How far in advance must the terms of a proposed Buona franchise transfer be provided to the Franchisor?

According to Buona's 2025 Franchise Disclosure Document, a franchisee must provide the terms and conditions of a proposed transfer to Buona at least fifteen business days before the proposed effective date of the transfer. This includes all financial terms associated with the transfer. The franchisor must then approve the transfer in writing.

This requirement allows Buona to properly evaluate the proposed transfer, assess the transferee's qualifications, and ensure that all necessary conditions are met. It also gives Buona time to exercise its right of first refusal, if applicable, as detailed elsewhere in the FDD. Failing to provide the terms in a timely manner could delay or potentially void the transfer.

For a prospective Buona franchisee, this means that planning and communication are crucial when considering a transfer. The franchisee should start the transfer process well in advance to allow sufficient time for compiling all required documentation and obtaining Buona's approval. This also includes understanding all financial implications, such as transfer fees, and ensuring the transferee meets Buona's criteria for new franchisees.