Who is the Franchisor for the Buona franchise, according to Exhibit C?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
Owners of the Developer, and all such Owners must execute the Guaranty and Assumption of Obligations which is attached hereto as Exhibit C concurrently with the execution of this Agreement by Developer.
Source: Item 22 — CONTRACTS (FDD page 78)
What This Means (2025 FDD)
According to the 2025 Buona Franchise Disclosure Document, Exhibit C to the Area Development Agreement is related to the Guaranty and Assumption of Obligations. While the excerpt mentions that owners of the developer must execute this agreement, it does not explicitly state the name of the Franchisor within Exhibit C.
However, in other parts of the Area Development Agreement, the Franchisor is identified as "CHICAGO'S ORIGINAL ITALIAN BEEF FRANCHISING LLC". This entity is described as an Illinois limited liability company. The agreement also includes signature lines for both the Franchisor and the Developer, reinforcing the identity of Chicago's Original Italian Beef Franchising LLC as the Franchisor.
Prospective Buona franchisees should note that Exhibit C involves a personal guarantee, meaning they are personally liable for the business's obligations. While the excerpt does not provide the full details of Exhibit C, it is important for potential franchisees to carefully review this exhibit and understand their obligations and liabilities before signing the Area Development Agreement.