How soon after a written request from Buona must a franchisee furnish additional financial statements and tax returns for the Franchised Business?

According to Buona's 2025 Franchise Disclosure Document, a franchisee must provide any additional financial statements and tax returns for their Buona franchised business within fifteen days of receiving a written request from Buona. This requirement ensures that Buona can monitor the financial health and performance of its franchisees.

This stipulation is part of the ongoing reporting requirements that Buona franchisees must adhere to during the term of their franchise agreement. Besides the additional financial statements and tax returns, franchisees are also obligated to submit quarterly statements with sales and financial data within 21 days after the end of each fiscal quarter. They must also provide unaudited financial statements for the preceding period and fiscal year.

Buona also retains the right to audit a franchisee's books, records, accounts, and tax returns at any reasonable time. Should an audit reveal that gross sales were understated by more than two percent or if the audit was necessitated by the franchisee's failure to provide required reports, the franchisee will be responsible for covering the costs associated with the audit, including accounting and legal fees. This underscores the importance of accurate and timely financial reporting to Buona.