For what years are the statements of operations included in Buona's financial statements?

According to Buona's 2025 Franchise Disclosure Document, the Item 19 financial performance representations include historical results for affiliate-owned restaurants. Specifically, the data provided covers the 12-month period from January 1, 2024, through December 29, 2024, for most locations. However, there is an exception for one dual-brand free-standing restaurant (Store #18), where the data covers the period from February 26, 2024 (opening date), through February 23, 2025.

The financial data encompasses various categories of Buona restaurants, including single-brand free-standing restaurants with drive-thrus, a single-brand inline restaurant, and dual-brand free-standing restaurants. The FDD specifies that the source of this data is the income statements for each individual restaurant, which are prepared internally by Buona's affiliates in accordance with generally accepted accounting principles. It is important to note that this information has not been audited.

Prospective franchisees should be aware that the financial performance representations provided in Item 19 do not reflect all costs or expenses that must be deducted from gross sales to obtain a net income or profit number. The net profits in the operation of Buona businesses can vary significantly from franchisee to franchisee and from location to location, depending on numerous factors beyond Buona's control. These factors include management experience, customer service quality, location, competition, economic conditions, and marketing efforts. Therefore, the historical data presented should not be considered as the actual or probable results that will be realized by any given franchise.