Under the Buona Area Development Agreement, what exhibit describes the geographic area in which the developer can establish and operate Buona franchised restaurants?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
iability Franchisor A Dated: Dated: ADA 2025 FRANCHISOR INITIALS - 15 - DEVELOPER INITIALS
EXHIBIT A TO THE AREA DEVELOPMENT AGREEMENT
DESCRIPTION OF DEVELOPMENT AREA
[Insert description]
FRANCHISOR: CHICAGO'S ORIGINAL ITALIAN BEEF FRANCHISING, LLC An Illinois limited liability Franchisor DEVELOPER: [ENTITY NAME] A Dated: Dated: ADA 2025 - 16 - FRANCHISOR INITIALS______ ______DEVELOPER INITIALS
EXHIBIT B TO THE AREA DEVELOPMENT AGREEMENT
DEVELOPMENT SCHEDULE
Developer is obligated under this Agreement to develop, open and operate a minimum of three (3) Buona restaurants.
Source: Item 22 — CONTRACTS (FDD page 78)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, Exhibit B to the Area Development Agreement outlines the development schedule for new Buona restaurants. This exhibit specifies the timeline within which a developer must sign franchise agreements, secure leases or purchase agreements, and commence operations for a minimum of three Buona restaurants.
The development area may be contiguous or separate for each franchised restaurant, with development deadlines detailed in Exhibit B. However, Buona retains the right to distribute products through alternative channels, establish other businesses, and engage in multi-area marketing programs.
Prospective developers should carefully review Exhibit B to understand their obligations and the deadlines for establishing new Buona restaurants. They should also be aware of Buona's rights to operate alternative distribution channels and other businesses within the development area, which could impact the developer's business.