factual

Will Buona provide franchisees with an annual statement of the Marketing Fund's finances?

Buona Franchise · 2025 FDD

Answer from 2025 FDD Document

We will prepare an annual unaudited statement of monies collected and costs incurred by the Marketing Fund and will furnish it to you on written request.

Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 37–46)

What This Means (2025 FDD)

According to Buona's 2025 Franchise Disclosure Document, Buona will prepare an annual unaudited statement of monies collected and costs incurred by the Marketing Fund. This statement provides franchisees with transparency regarding the Marketing Fund's financial activities.

Buona will furnish this annual statement to franchisees, but only upon written request. This means a franchisee must actively request the statement to receive it, it will not be automatically provided.

This is a fairly standard practice in franchising, where franchisors often maintain marketing funds to which franchisees contribute. Franchisees should be aware that the statement is unaudited, meaning it has not been verified by an independent accounting firm. While this doesn't necessarily indicate any issues, it does mean the franchisee bears the responsibility to review the statement carefully and raise any questions or concerns with Buona.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.