What is a Buona franchisee obligated to do if they cannot maintain possession of the approved location when renewing?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
- (i) Franchisee maintains possession of the premises of the Approved Location, or if Franchisee is unable to maintain possession of the Approved Location, secures an approved substitute and agrees to expeditiously develop the substitute premises in compliance with the then current standards and specification for the development of Franchised Businesses; and
Source: Item 22 — CONTRACTS (FDD page 78)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, if a franchisee is unable to maintain possession of the approved location, they must secure an approved substitute location. Additionally, the franchisee must agree to expeditiously develop the substitute premises in compliance with the current standards and specifications for Buona Franchised Businesses.
This requirement is one of several conditions that Buona franchisees must meet to be eligible for renewal of their franchise agreement. Other conditions include compliance with training requirements and payment of a renewal fee. Failure to meet these conditions gives Buona the right to deny renewal of the franchise agreement.
This stipulation ensures that Buona franchisees maintain a physical presence and continue operating their business, even if their original location becomes unavailable. It also protects Buona's brand standards by requiring the franchisee to develop any substitute location to the franchisor's specifications. Franchisees should be aware of this obligation and prepared to act quickly to secure and develop a new location if necessary to maintain their eligibility for renewal.