Does the Buona Franchise Acknowledgement Questionnaire ask if the Franchise Disclosure Document has been received?
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? |
Source: Item 22 — CONTRACTS (FDD page 78)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, the Franchise Acknowledgement Questionnaire does include a question about the franchisee's receipt of the Franchise Disclosure Document (FDD). Specifically, the questionnaire asks, "Have you received the Franchise Disclosure Document we provided?" with options to answer "Yes" or "No".
This acknowledgement is a standard practice in franchising, intended to confirm that the prospective franchisee has been given the opportunity to review the FDD, which contains important information about the franchise system, fees, obligations, and risks. This helps ensure that franchisees make informed decisions before investing in the franchise.
It is important to note that, according to the FDD, franchisees in California should not complete the questionnaire. Additionally, the questionnaire cannot be signed or dated on the same day as the receipt for the Franchise Disclosure Document but must be signed and dated the same day as the Franchise Agreement. This is likely to ensure that the franchisee has had sufficient time to review the FDD before signing the agreement.