BonChon Franchise Review
BonChon is graded based on our most recent research.
Franchise Facts
Bonchon is a fast-casual service restaurant specializing in the sale of Korean style fried chicken, complimentary appetizers, side dishes, beverages and related menu items.How much does a BonChon franchise cost?
BonChon has a franchise fee of up to $40,000, with a total initial investment range of $503,879 to $91,099,004.- Initial Franchise Fee: $40,000
- Total Investment: $503,879 to $91,099,004
- Working Capital: $34,000 to $105,000
- Royalty Fee: 4.8%
The initial cost of a franchise includes several fees -- Unlock this franchise to better understand the costs such as training and territory fees.
How much does a BonChon franchise make?
Franchise revenue and profits depend on a number of unique variables, including local demand for your product, labor costs, commercial lease rates and several other factors. We can help you figure out how much money you can make by reviewing your specific situation. Please unlock this franchise for more information.How many franchise locations do they have?
As of the 2020 Franchise Disclosure Document, there are 98 franchised BonChon locations in the USA.Are there any BonChon franchise opportunities near me?
Based on 2020 FDD data, BonChon has franchise locations in 20 states plus DC. The largest region is the South with 40 franchise locations.AZ
CA
CO
CT
DC
FL
GA
IL
MA
MD
MN
NC
NJ
NM
NV
NY
OH
PA
TX
VA
WA
This franchise is expanding into new markets and might be available near you. One of our franchise experts will have detailed knowledge about this brand. Unlock to learn more and connect with our experts.
Last Reviewed: 2020
Sector: Quick Service Restaurants
Category: Ethnic
BonChon Franchise Stats
Total Investment
$503,879 - $91,099,004
Franchise Fee
$40,000
Franchise Agreement
Initial Term
10 Years
10 Years
Renewal Term
5 Years
5 Years
Franchisee Outlet Growth
2014
22
22
2019
98
98
Ongoing Fees
Royalty
4.8%
4.8%
Ad Fees
1.0%
1.0%
# of Franchised Outlets
98
Additional Questions
Do they provide any initial training and opening assistance?
Yes, they have an initial training program of 155 hours. This includes 7 hours of classroom training and 148 hours of on-the-job training. In their FDD they outline who’s in charge of the training. Unlock to find out more.| Online | 0 |
|---|---|
| On-the-Job | 148 |
| Classroom | 7 |
| Total | 155 |
Do they offer Territory Rights?
BonChon offers territory protections. For an explanation of territorial rights, unlock this franchise for important details.Do they have computer and technology support in place?
Yes. BonChon offers comprehensive support for franchisees. Unlock this franchise to find out more details.When did they begin franchising?
They began franchising in 2011. The average Ethnic franchise began franchising in 2011.Do they offer financing support?
No, but you can click here to fill out our affordability calculator and understand your financing options.
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- Do they disclose any bankruptcies?
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- How many new outlets have they sold in the last 5 years?
- How many franchised outlets have closed in the last 5 years?
- How many franchised outlets have terminated in the last 5 years?
- Do they operate any company or affiliate outlets?
- How long is their initial term length?
- How do they solve franchisee disputes?
- Are you required to work in the outlet or is this a passive investment opportunity?
- Do they provide discounts for buying more than one franchise?
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