Under what condition is a portion of the initial franchise fee refundable for a Buona franchise?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
ay not be refundable depending on their policies or your arrangements with them.
- (1) Initial Franchise Fee Your Initial Franchise Fee is $40,000 and is payable in full when you sign the Franchise Agreement. The Initial Franchise Fee is non-refundable, except if we terminate your Franchise Agreement for your failure to successfully complete initial training in which case we will refund
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 23–32)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, the initial franchise fee of $40,000 is generally non-refundable. However, there is one specific circumstance under which a portion of the fee may be returned to the franchisee.
Specifically, if Buona terminates the Franchise Agreement because the franchisee fails to successfully complete the initial training program, the franchisee is eligible for a refund. The refund amount is 10% of the initial franchise fee paid.
To receive this refund, the franchisee must deliver an executed release to Buona. This condition highlights the importance of successfully completing the initial training, as failure to do so not only results in termination of the agreement but also only a partial refund of the initial investment.