What is the legal structure of Five Flavors Franchising LLC, the Franchisor for Buona?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
THIS FRANCHISE AGREEMENT (this "Agreement") is made by and between Chicago's Original Italian Beef Franchising LLC, an Illinois limited liability company, having its principal place of business at 7075 Veterans Blvd., Burr Ridge, IL 60527 ("Chicago's Original") and Five Flavors Franchising, LLC, an Illinois limited liability company, having its principal place of business at 7075 Veterans Blvd., Burr Ridge, IL 60527 ("Five Flavors") (Chicago's Original and Five Flavors being collectively referred to herein as "Franchisor") and the franchisee named on the signature page of this Agreement ("Franchisee").
Source: Item 22 — CONTRACTS (FDD page 78)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, Five Flavors Franchising, LLC, one of the franchisors for the Buona and Original Rainbow Cone dual-brand franchise, is an Illinois limited liability company. This information is found within the context of franchise and development agreements. Chicago's Original Italian Beef Franchising LLC and Five Flavors Franchising, LLC are collectively referred to as "Franchisor" in the document.
As a limited liability company, Five Flavors Franchising LLC's business structure may offer certain legal protections to its owners, such as limiting their personal liability for business debts and obligations. This is a common structure for franchising companies.
Prospective franchisees should understand the implications of dealing with a franchisor structured as an LLC, including potential impacts on liability and legal recourse. It is advisable to consult with legal and financial professionals to assess these implications thoroughly.