What is a 'Franchised Business Renovation' for a Buona franchise?

According to Buona's 2025 Franchise Disclosure Document, a 'Franchised Business Renovation' involves a complete reimaging, renovation, refurbishment, and modernization of the franchised business. This includes updates to the building design, parking lot, landscaping, equipment, point of sale system, signs, interior and exterior decor items, fixtures, furnishings, trade dress, color scheme, presentation of trademarks and service marks, supplies, and other materials. The renovation aims to meet the then-current design criteria for Buona businesses and may include structural changes, remodeling, and redecoration, as well as modifications to existing improvements.

For a prospective Buona franchisee, this means that at some point during the franchise term, they will be required to invest in a significant overhaul of their business to keep it aligned with the brand's current image and standards. This can be a substantial expense, and franchisees should factor this into their financial planning. The FDD specifies that a franchisee will only be required to conduct one such renovation during the term of their agreement, which provides some predictability.

However, the franchisee will not be required to perform a Franchised Business Renovation if there is less than one year remaining in the Term. This renovation requirement is in addition to the franchisee's ongoing duty to maintain the premises and equipment to Buona's standards. This ensures that all Buona locations maintain a consistent brand image and meet customer expectations, but it also places a financial burden on franchisees to keep their businesses up-to-date.