Does the Buona Franchise Acknowledgement Questionnaire ask if the receipt for the Franchise Disclosure Document identified the franchise sellers?
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? |
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 address whether the receipt for the Franchise Disclosure Document identified the franchise sellers. Specifically, question 5 on the questionnaire asks: "Did the receipt for the Franchise Disclosure Document identify the franchise sellers with which you have had discussions about the franchise opportunity?" The franchisee must answer "Yes" or "No" to this question as part of completing the questionnaire.
This question is important because it ensures that the prospective franchisee is aware of who the franchise sellers are. Identifying the franchise sellers is a legal requirement, and this question confirms that Buona has provided this information and that the franchisee acknowledges receiving it. This helps to ensure transparency and compliance with franchise regulations.
Prospective franchisees should carefully review the receipt for the Franchise Disclosure Document to confirm that the franchise sellers are indeed identified. If the receipt does not identify the franchise sellers, the franchisee should address this discrepancy with Buona before signing the Franchise Agreement. Answering "No" to this question on the questionnaire requires an explanation, providing an opportunity to clarify any issues.