What is the renewal fee that a Buona franchisee must pay to renew the franchise agreement?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
ement and Manuals (as defined in Article VII), or otherwise in writing including but not limited to such structural changes, remodeling and redecoration and such modifications to existing improvement as may be necessary to do so;
- (h) Franchisee and its manager(s) comply with Franchisor's then-current training requirements and attend such refresher training classes as Franchisor deems necessary.
- (i) Franchisee maintains possession of the premises of the Approved Location, or if Franchisee is unable to maintain possession of the Approved Location, secures an approved substitute and agrees to expeditiously develop the substitute premises in compliance with the then current standards and specification for the development of Franchised Businesses; and
- (j) Franchisee pays to Franchisor a renewal fee in the amount of Seven Thousand
Five Hundred Dollars ($7,500.00) at least thirty (30) days prior to the signing of the renewal Franchise Agreement.
- 2.3 Effect of Non-Renewal. Franchisee will not have the right to renew this Agreement upon its expiration if Franchisee fails to comply with any of the above conditions of renewal. Upon the expiration of the Term, Franchisee shall comply with the provisions of Article XVI of this Agreement.
- 2.4 Continued Operation Following Expiration. Franchisee has no right to continue to operate the Franchised Business after the expiration of the initial term of this Agreement unless Franchisee is granted a renewal Franchise Agreement in accordance with this Section 2. If Franchisor permits Franchisee to continue to operate the Franchised Business after the expiration of the initial term of this Agreement but before the execution of a renewal Franchise Agreement as required by Section 2.2, then the temporary continuation of the Franchised Business will be on a month-to-month basis, and will be terminable at Franchisor's option by giving Franchisee written notice of termination at least thirty (30) days before the ter
Source: Item 22 — CONTRACTS (FDD page 78)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, a franchisee must pay a renewal fee of $7,500.00 to renew their franchise agreement. This fee must be paid at least thirty (30) days before signing the renewal Franchise Agreement.
However, paying the renewal fee is not the only condition for renewal. The franchisee and their managers must also comply with Buona's then-current training requirements and attend any refresher training classes that Buona deems necessary. Additionally, the franchisee must maintain possession of the premises of the approved location. If maintaining possession is not possible, they must secure an approved substitute and develop the substitute premises according to the current standards and specifications for Buona franchises.
If a franchisee fails to meet any of these conditions, they will not have the right to renew the agreement upon its expiration. If Buona permits the franchisee to continue operating the franchised business after the initial term expires but before a renewal agreement is executed, the operation will continue on a month-to-month basis. This temporary continuation can be terminated at Buona's option with at least thirty (30) days' written notice, unless local laws require a longer notice period.