Facebook
ngly similar to the Proprietary Marks. You are not permitted to promote your Lounge or use any of the Proprietary Marks in any manner on any social or networking websites, such as Facebook, Foursquare
From the filings
HQ-led decisions
Bud's Place
Full service restaurantSoftware purchasing at Bud's Place is controlled at the headquarters level by a small executive team led by President and CFO Ronald N. Silberstein. The 2024 Franchise Disclosure Document does not mandate any specific technology systems, leaving the current tech stack undefined for vendors. The total number of franchised and company-owned units is not disclosed in the most recent FDD, making the addressable market size uncertain from public filings alone.
For software vendors selling into US franchise brands.
Live signals
Total units
0
0 franchised
Unit growth YoY
—
vs prior filing
AUV
—
Item 19, 2024
Royalty
7%
of gross sales
Ad fund
1%
national + local
Initial fee
$75K
per unit
Investment range
$526K–$1.07M
all-in, Item 7
Procurement
Approved supplier
from the filing
Non-compete
2 years
from the filing
Item 19
No claims
from the filing
Ongoing fee load
What the operator pays every month
The recurring percentage of gross sales named in this filing, before rent, labour or any technology fee.
8%of gross sales (FY2024)
15% reference
Mandated & recommended tech
The systems vendors compete with
Systems named in Item 11 of this filing. None is recorded as mandated here, which is not the same as the filing mandating nothing. Read Item 11 before treating the category as open.
Instagram
ut the Lounge or the System, other than on a website established or authorized by us (“social media” includes personal blogs, common social networks like Facebook, Foursquare, and Instagram, professio
Intuit
ent West Bloomfield, MI Friedman and CPA January 2019 to West Bloomfield, MI Associates, PC April 2023 FranCPA, PLLC Managing Member January 2017 to West Bloomfield, MI March 2024 Intuit TurboTax Live
LinkedIn
arks. You are not permitted to promote your Lounge or use any of the Proprietary Marks in any manner on any social or networking websites, such as Facebook, Foursquare, Instagram, LinkedIn or Twitter,
Twitter
e not permitted to promote your Lounge or use any of the Proprietary Marks in any manner on any social or networking websites, such as Facebook, Foursquare, Instagram, LinkedIn or Twitter, without our
Franchisor behaviours
What the franchisor requires
23 requirements the franchisor states in this filing, each in its own words; 3 explicit no's; 8 questions the text does not settle, which is not a no.
Accounting
Does the franchisor have direct or independent electronic access to the franchisee's financial, sales or customer records?
YesItem 11
We must have access at all times and in the manner that we specify.
Must the franchisee submit periodic financial statements (monthly, quarterly or annual) to the franchisor?
YesFranchise agreement
You shall, at your expense, submit to us, in the form prescribed by us, a report of Gross Sales and a profit and loss statement for each month (which may be unaudited) for you within ten (10) days after the end of each month during the term hereof.
How the franchisor buys
Does the franchisor reserve the right to change designated suppliers or systems at any time?
YesItem 8
We may revoke our prior approval of any product or supplier at any time, and after your receipt of written notice from us regarding our revocation you must stop using that product or stop purchasing from that supplier.
Does the franchisor or an affiliate receive rebates, commissions or other revenue from designated or approved suppliers?
YesItem 8
We have the right to collect and retain any and all allowances, rebates, credits, incentives, or benefits (collectively, “Allowances”) offered by manufacturers, suppliers, and distributors to you, to us, or to our affiliates based upon your purchases of products and services from manufacturers, suppliers, and…
Item 8 gives this proportion in one of two shapes: separate percentages for establishing the business and for operating it, or one figure covering "establishing and operating" together. Where they are separate, answer with the operating percentage; where the passage gives only the combined figure, answer with that. What percentage of the franchisee's purchases must come from designated or approved suppliers?
75Item 8
approximately 75% of your total purchases in the continuing operation of the Lounge.
Does the franchisor charge a fee to evaluate a proposed supplier?
YesItem 8
You must pay our then-current evaluation fee for each product or supplier you request to have approved, and you must reimburse our reasonable costs related to our testing and inspection.
Can a franchisee propose a new supplier for the franchisor's approval?
YesItem 8
If you wish to purchase, lease or use any products that we have not previously approved, or purchase or lease from a supplier we have not previously approved, you must submit a written request for approval or you must request the supplier to do so.
Communications
Does the franchisor own or control the business telephone numbers, or take them over when the agreement ends?
YesFranchise agreement
Franchisee has or will acquire during the term of the Franchise Agreement, certain right, title, and interest in and to those certain telephone numbers and regular, classified, internet page, and other telephone directory listings (collectively, the “Telephone Listings”) related to the Franchised Business or the Marks.
Franchise management
Must the franchisee participate in a customer-satisfaction or net-promoter survey program?
YesFranchise agreement
You shall participate in all customer surveys and satisfaction audits, which may require that you provide discounted or complimentary products, provided that such discounted or complimentary sales shall not be included in the Gross Sales of the Lounge.
Does the franchisor conduct periodic inspections, audits or evaluations of the franchised business?
YesItem 11
As we reasonably determine necessary, visits to and evaluations of the Lounge and the products and services provided to make sure that our high standards of quality, appearance and service of the System are maintained.
Can the franchisor change the operations manual and brand standards unilaterally?
YesFranchise agreement
We may from time to time revise the contents of the Manual and the contents of any other manuals and materials created or approved for use in the operation of the Franchised Business.
Must the franchisor approve the franchisee's site or location before opening?
YesFranchise agreement
No site may be used for the location of the Lounge unless it is first accepted in writing by us.
Marketing
Is the franchisee prohibited from operating its own website or social media accounts, or required to use pages the franchisor provides?
YesItem 11
You may not maintain your own website; otherwise maintain a presence or advertise on the internet or any other mode of electronic commerce in connection with your Lounge; establish a link to any website we establish at or from any other website or page; or at any time establish any other website, electronic commerce…
Is a minimum grand opening advertising spend required?
YesItem 7
You must conduct a grand opening advertising and marketing campaign and you must spend at least $10,000 during your first 90 days of operation on your campaign.
Is the franchisee required to spend a minimum amount on local advertising or marketing, as a percentage of sales or a fixed amount?
YesItem 11
You must conduct local marketing in your designated territory and you must spend at least 3% of Gross Sales each quarter on local marketing for your Lounge.
Must the franchisee participate in a customer loyalty or rewards program?
YesFranchise agreement
7.5.11 To issue and honor any loyalty cards that we designate or approve for the System.
Must the franchisee participate in a regional advertising cooperative when one exists?
YesItem 11
If a Cooperative has been established for the geographic area where your Lounge is located when the Franchise Agreement is signed, or if any Cooperative is established during the term of the Franchise Agreement, you must become a member of the Cooperative.
Operations
Must equipment be purchased from designated or approved suppliers?
YesItem 8
You must obtain all food and beverage items, ingredients, supplies, materials, fixtures, furnishings, equipment (including point of sale system and communication systems), and other products used or offered for sale at the Lounge solely from suppliers who demonstrate, to our continuing reasonable satisfaction, the…
Payments
Are royalties and other fees collected by automatic bank debit (ACH or electronic funds transfer) from the franchisee's account?
YesFranchise agreement
By executing this Agreement, you agree that we shall have the right to withdraw funds from your designated bank account by electronic funds transfer (“EFT”) in the amount of the Royalty Fee, Brand Development Fee, and any other payments due to us and/or our affiliates.
People
Does the franchisor require minimum staffing levels or specific roles?
YesItem 15
While your Lounge is open, you must have at least one certified manager on- site.
Point of sale
Must the franchisee use a specific point-of-sale system designated or approved by the franchisor?
YesItem 11
You must purchase or lease and use certain point of sale systems, computer hardware and software that meet our specifications and that are capable of electronically interfacing with our computer system.
Does the franchisor have independent access to the data in the franchisee's POS or computer system?
YesItem 11
The computer system is designed to enable us to have immediate access to the information monitored by the system, and there is no contractual limitation or restriction on our access to or use of the information we obtain.
Training
Can the franchisor charge the franchisee for additional, refresher or remedial training?
YesItem 11
We may also choose to hold an annual meeting of our franchisees to provide additional training, introduce new products or changes to the System, or for other reasons.
The filing answers no to 3 questions
- Is the franchisor or an affiliate itself a supplier of required products, services or systems?Item 8
- Must the franchisee participate in a gift card program?
- Is attendance at an annual convention or conference mandatory for the franchisee?Item 11
The vendor opportunity at Bud's Place
Bud's Place is a full-service restaurant concept headquartered in Michigan. The 2024 Franchise Disclosure Document leaves several key metrics undisclosed, including total units, average unit volume, and year-over-year unit growth. For software vendors, this means the addressable market size cannot be quantified from public filings alone. The franchise charges a 7.0% royalty on gross sales, and the initial franchise term is 10 years. Without unit counts or AUV data, vendors must rely on direct discovery to size the opportunity.
Who controls software purchasing
Software purchasing decisions at Bud's Place appear to be centralized at headquarters. The 2024 FDD Item 1 names four executives: Ronald N. Silberstein serves as President and Chief Financial Officer, Mark Cohen is Chief Operations Officer, Samantha Rincione is Director of Franchise Development and Training, and Gary Stein holds the title Director of Company Intelligence. No chief information officer or technology-specific role is listed. Vendors should expect the CFO and COO to be the primary buying center for operational and financial software, with the Director of Company Intelligence potentially influencing data and analytics tool decisions.
Mandated and current tech stack
The 2024 FDD does not mandate or recommend any specific technology systems. No POS provider, back-office platform, inventory management tool, or HR system is named in the disclosure document. This absence of mandated tech suggests that individual franchisees may operate with a variety of systems, or that the franchisor has not standardized technology requirements as of the latest filing. Vendors pitching Bud's Place should prepare for a greenfield conversation where no incumbent vendor lock-in is documented.
Procurement, renewals, and timing
Item 8 of the 2024 FDD contains no procurement extract, so the franchisor's model—whether designated supplier, approved supplier, or open market—is not publicly known. This lack of disclosure means vendors must engage HQ directly to understand purchasing requirements and approval processes. On renewals, Item 17 provides a clear signal: franchisees in good standing may sign successor agreements for two additional 10-year terms, unless the franchisor withdraws from the geographic area. These 10-year renewal windows could serve as natural inflection points for technology evaluation and vendor switching.
How to read the Bud's Place FDD
The full 2024 Bud's Place FDD is embedded below for your review. Focus on Item 1 for executive decision-maker names, Item 11 for any future technology mandates, and Item 17 for renewal timing that may open software evaluation windows. Because total units and AUV are not disclosed, supplement the FDD with direct outreach to the HQ team in Michigan to validate the addressable market. For a ranked target list of franchise systems matched to your software category, explore FranCloud's research tools.
Questions vendors ask
Bud's Place, answered from the filing
The 2024 FDD lists Ronald N. Silberstein (President and CFO) and Mark Cohen (COO) as key executives. No dedicated CIO or CTO is named, suggesting finance and operations leadership likely control vendor decisions.
The 2024 FDD does not mandate or recommend any specific POS, operational, or IT systems. Vendors should assume an open, non-standardized tech environment across locations.
The total number of units—franchised and company-owned—is not disclosed in the 2024 FDD. No operator footprint data is available in our corpus.
The 2024 FDD contains no Item 8 procurement extract, so the designated-supplier versus approved-supplier model is not publicly known. Assume direct HQ inquiry is required.
Initial franchise terms run 10 years. Renewal allows two additional 10-year terms if in good standing. Contract windows may align with these cycles, but no recent activity is on file.
The 2024 FDD is filed with state franchise regulators. You can view it in the embedded PDF viewer below to analyze Item 11, Item 8, and executive disclosures directly.
Source
Read the filing itself
Every number on this page traces back to this document. Read it in full, page by page. Buy the original PDF to download, search, and annotate it.
View only A one-time purchase: the original filing, yours to keep.
FDD alert
Tell me when this brand refiles.
We’ll email you the moment Bud's Place files a new annual FDD, usually the freshest signal of a vendor change.
Operator footprint
Who runs the locations
1 operators run 1 mapped locations. 0 of them are multi-unit. Aggregate counts from the filing; no names.
Operators by units owned
Single-unit1
Top states by locations
| WI | 1 |
|---|
Ownership
The portfolio behind Bud's Place
unknown of bud s place hqf.
Related Full service restaurant brands
Primary franchise filings · updated June 2026. Every figure is source-traceable and QA-checked.