What must a Buona franchisee do after executing the lease for the premises?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
Once executed, Franchisee will provide Franchisor with a fully signed copy of the complete lease for the premises of the Franchised Business.
- 6.4 Premises Development**.** Prior to obtaining possession of the site for the Franchised Business, Franchisee shall secure all financing required to fully develop the Franchised Business.
Promptly after obtaining possession of the site for the Franchised Business, Franchisee will: (i) cause to be prepared and submit for approval by Franchisor a site plan.
Source: Item 22 — CONTRACTS (FDD page 78)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, after a franchisee executes the lease for their business premises, they must provide Buona with a fully signed copy of the complete lease. Furthermore, before taking possession of the site, the franchisee is responsible for securing all necessary financing to fully develop the Franchised Business.
Once the franchisee obtains possession of the site, they must promptly prepare and submit a site plan to Buona for approval. This ensures that the development aligns with Buona's standards and specifications. The FDD emphasizes the importance of adhering to Buona's guidelines throughout the entire process, from site selection to final development.
These requirements ensure that Buona maintains consistency and quality across all its franchise locations. By mandating approval of the lease and site plan, Buona retains control over key aspects of the business environment, which can impact brand image and customer experience. Franchisees should be prepared to work closely with Buona during the site development phase to meet all requirements and deadlines.