What information is a Buona franchisee required to direct relevant persons and companies to provide to the franchisor?

According to Buona's 2025 Franchise Disclosure Document, a franchisee must authorize Buona to make inquiries with the franchisee's bank, suppliers, distributor, trade creditors, and landlord regarding the franchised business. The franchisee also agrees to direct these relevant persons and companies to provide Buona with information and copies of documents related to the franchised business as Buona may request.

This requirement enables Buona to monitor the franchisee's business operations and financial health. By obtaining information from these third parties, Buona can assess the franchisee's compliance with the franchise agreement and identify any potential issues or risks.

For a prospective franchisee, this means they must be prepared to have their financial and operational information shared with Buona by their bank, suppliers, and other business contacts. It is important for franchisees to maintain good relationships with these entities and ensure they are aware of this information-sharing requirement. Failure to comply with this requirement could potentially lead to issues with the franchise agreement.