Does the Buona Franchise Acknowledgement Questionnaire ask if existing Buona franchisees have been spoken to about the Buona Business?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
| l. | Yes | No | Have you received the completed Franchise Agreement and each exhibit attached to it? |
|---|---|---|---|
| 2. | Yes | No | Have you received the Franchise Disclosure Document we provided? |
| 3. | Yes | No | If you are purchasing a Buona/Rainbow Cone Dual Brand franchise, did you also receive the Five Flavors Franchising, LLC Franchise Disclosure Document? |
| 4. | Yes | No | Did you sign a receipt for the Franchise Disclosure Document (or both of them) indicating the date you received it? |
| 5. | Yes | No | Did the receipt for the Franchise Disclosure Document identify the franchise sellers with which you have had discussions about the franchise opportunity? |
| 6. | Yes | No | If you are entering into an Area Development Agreement, have you received the completed Area Development Agreement and each exhibit? |
| 7. | Yes | No | Have you spoken with existing Buona franchisees about the Buona Business? |
Source: Item 22 — CONTRACTS (FDD page 78)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, the Franchise Acknowledgement Questionnaire includes a question asking prospective franchisees if they have spoken with existing Buona franchisees about the Buona Business. This is a standard practice in franchising, as it allows potential franchisees to gather firsthand information and insights from those already operating a Buona franchise.
The questionnaire requires the applicant to answer "Yes" or "No" to the question: "Have you spoken with existing Buona franchisees about the Buona Business?" If the applicant answers "No", they are required to provide an explanation on the following page. This acknowledgement is part of a broader set of questions designed to ensure that the franchisee has conducted sufficient due diligence and understands key aspects of the franchise agreement and the Buona business model.
This question serves as a confirmation that the prospective franchisee has taken the initiative to learn about the business from current operators. Speaking with existing franchisees can provide valuable insights into the day-to-day operations, challenges, and opportunities associated with running a Buona franchise. It also allows potential franchisees to assess the level of support and satisfaction among current franchisees, which can be an important factor in their decision-making process. Buona wants to ensure that new franchisees are well-informed and prepared to operate their own franchise effectively.