Before obtaining possession of the site, what financing requirements must a Buona franchisee fulfill?

According to Buona's 2025 Franchise Disclosure Document, before a franchisee can take possession of the site for their franchised business, they must secure all the necessary financing to fully develop the Buona restaurant. This means that the franchisee needs to have all funding in place to cover construction, equipment, and other costs associated with setting up the restaurant before they can begin working on the location.

This requirement ensures that Buona franchisees are financially prepared to complete the development of their restaurant once they gain access to the site. It protects both the franchisee and the franchisor by reducing the risk of delays or stalled projects due to lack of funds. Securing financing beforehand allows the franchisee to move forward with the build-out process promptly and efficiently.

In practice, this means a prospective Buona franchisee needs to have loan commitments, investment capital, or other funding sources firmly in place before signing a lease or purchase agreement for the restaurant location. This is a critical step in the process, as failure to secure adequate financing could prevent the franchisee from meeting their obligations and opening the restaurant.