If requested by Buona, what is a franchisee required to provide regarding the development and establishment of Franchised Restaurants?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
3.5 At Franchisor's request, Developer shall provide to Franchisor a periodic report of Developer's activities and progress in developing and establishing Buona franchised restaurants under this Agreement. The reports shall be submitted in the form and in the manner specified by Franchisor.
3.2 You must develop each Buona Restaurant in the following manner:
(a) By giving us written notice of your intention to begin development of the next Buona Restaurant at least thirty (30) days before the execution of the Franchise Agreement for the applicable restaurant;
(b) By submitting to us a description of the proposed site, together with a letter of intent in a form approved by us or other evidence satisfactory to us which confirms your favorable prospects for obtaining the proposed site;
(c) By executing the then-current form of the Franchise Agreement for the applicable restaurant at the approved site and complying with its terms. We acknowledge that the franchisee for each Franchise Agreement may be a separate entity owned by your Owners.
(d) By executing a lease, in a form approved by us, or purchase agreement for the proposed site; and
- (e) By meeting all of the requirements for developing and opening the Buona Restaurant under the terms of the applicable Franchise Agreement.
Source: Item 22 — CONTRACTS (FDD page 78)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, if requested by Buona, a developer must provide periodic reports regarding their activities and progress in developing and establishing Buona franchised restaurants. These reports must be submitted in the format and manner that Buona specifies.
Additionally, at least thirty days before executing a Franchise Agreement for a restaurant, the developer must provide written notice of their intention to begin development. They also need to submit a description of the proposed site, along with a letter of intent (in a form approved by Buona) or other satisfactory evidence confirming favorable prospects for obtaining the site.
Furthermore, the developer is obligated to execute the current form of the Franchise Agreement for the restaurant at the approved site and comply with its terms. They must also execute a lease (in a form approved by Buona) or a purchase agreement for the proposed site and meet all requirements for developing and opening the Franchised Restaurant under the terms of the applicable Franchise Agreement.