factual

Does the Buona questionnaire ask if the receipt for the Franchise Disclosure Document identified the franchise sellers with whom you have had discussions about the franchise opportunity?

Buona Franchise · 2025 FDD

Answer from 2025 FDD Document

l. Yes No Have you received the completed Franchise Agreement and each exhibit attached to it?
2. Yes No Have you received the Franchise Disclosure Document we provided?
3. Yes No If you are purchasing a Buona/Rainbow Cone Dual Brand franchise, did you also receive the Five Flavors Franchising, LLC Franchise Disclosure Document?
4. Yes No Did you sign a receipt for the Franchise Disclosure Document (or both of them) indicating the date you received it?
5. Yes No Did the receipt for the Franchise Disclosure Document identify the franchise sellers with which you have had discussions about the franchise opportunity?
6. Yes No If you are entering into an Area Development Agreement, have you received the completed Area Development Agreement and each exhibit?
7. Yes No Have you spoken with existing Buona franchisees about the Buona Business?
8. Yes No Have you conducted an independent investigation of a Buona Business?
9. Yes No Do you understand all disputes or claims you may have arising out of or relating to the Franchise Agreement must be arbitrated in Illinois, if not resolved informally or by mediation?
10. Yes No Do you understand that you must satisfactorily complete the initial training course before we will allow your franchised business to open or consent to a transfer?

Source: Item 22 — CONTRACTS (FDD page 78)

What This Means (2025 FDD)

According to Buona's 2025 Franchise Disclosure Document, the Franchise Acknowledgement Questionnaire does address whether the receipt for the Franchise Disclosure Document identified the franchise sellers with whom the prospective franchisee has had discussions about the franchise opportunity. Specifically, question 5 on the questionnaire asks: "Did the receipt for the Franchise Disclosure Document identify the franchise sellers with which you have had discussions about the franchise opportunity?" The franchisee must answer "Yes" or "No" to this question.

This question is important because it ensures that the franchisee is aware of who the franchise sellers are and that these individuals have been properly identified by Buona. This helps to maintain transparency in the franchise sales process and ensures that the franchisee knows who they have been dealing with. It also allows Buona to track which of its representatives are actively involved in selling franchises.

Prospective franchisees should carefully consider their answer to this question and provide an explanation if they answer "No." This could indicate a potential issue with the disclosure process or that unauthorized individuals are involved in selling the franchise. Franchisees residing in California are instructed not to complete the questionnaire.

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.