What is the minimum notice required before beginning development of the next Buona Restaurant?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
- (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
Source: Item 22 — CONTRACTS (FDD page 78)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, a developer must provide written notice of their intention to begin development of the next Buona restaurant at least thirty (30) days before executing the Franchise Agreement for that restaurant. This notification allows Buona to prepare for the new location and ensure that the franchisee is ready to proceed.
In addition to providing written notice, the developer must also submit a description of the proposed site, along with a letter of intent or other satisfactory evidence, demonstrating favorable prospects for obtaining the site. This step ensures that the location is viable and meets Buona's standards. The developer must also execute the then-current form of the Franchise Agreement and a lease or purchase agreement for the site, both of which must be approved by Buona.
Finally, the developer must meet all requirements for developing and opening the Buona Restaurant. This comprehensive process ensures that each new location is well-planned and aligned with Buona's brand standards and operational requirements. This advance notice and thorough preparation are typical in franchising, allowing the franchisor to maintain quality control and support the franchisee effectively.