What is the required notice period before executing a Franchise Agreement for a new Buona restaurant?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
- 3.2 You must develop each Buona Restaurant in the following manner:
- (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.
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 advance notice allows Buona to prepare for the new location and ensure that the developer is ready to proceed.
In addition to providing the 30-day notice, the developer must also submit a description of the proposed site, along with a letter of intent or other satisfactory evidence confirming favorable prospects for obtaining the site. The developer must also execute the then-current form of the Franchise Agreement for the applicable restaurant at the approved site and comply with its terms.
This requirement ensures that Buona maintains control over the expansion process and that new locations meet their standards. It also allows Buona to assess the suitability of the proposed site and the developer's readiness to proceed. The franchisee for each Franchise Agreement may be a separate entity owned by the developer's Owners.