In 2023, how many Bonchon franchises were reacquired by the franchisor?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Column 2 Year | Outlets at Start of Year | Column 4 Outlets Opened | Column 5 Termina tions | Non- Renewals | Reacquire d by Franchisor | Ceased Opera- tions - Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| 2023 | 4 | 1 | 0 | 0 | 0 | 0 | 5 | |
| 2024 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | |
| Ohio | 2022 | 1 | 1 | 0 | 0 | 0 | 0 | 2 |
| 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| Oregon | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Pennsylvania | 2022 | 4 | 0 | 0 | 0 | 0 | 0 | 4 |
| 2023 | 4 | 1 | 0 | 0 | 0 | 0 | 5 | |
| 2024 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | |
| Tennessee | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 2 | 0 | 0 | 0 | 0 | 2 | |
| 2024 | 2 | 1 | 0 | 0 | 0 | 0 | 3 | |
| Texas | 2022 | 5 | 1 | 1 | 0 | 0 | 0 | 5 |
| 2023 | 5 | 1 | 0 | 0 | 0 | 0 | 6 | |
| 2024 | 6 | 2 | 0 | 0 | 0 | 0 | 8 | |
| Virginia | 2022 | 18 | 2 | 0 | 1 | 0 | 0 | 19 |
| 2023 | 19 | 1 | 2 | 0 | 0 | 0 | 19 | |
| 2024 | 19 | 1 | 0 | 0 | 0 | 1 | 19 | |
| Washington | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Total | 2022 | 111 | 11 | 2 | 1 | 0 | 2 | 117 |
| 2023 | 117 | 14 | 2 | 1 | 0 | 1 | 127 | |
| 2024 | 127 | 19 | 0 | 0 | 1 | 3 | 143 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 84–91)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, across all states, zero franchises were reacquired by Bonchon in 2023. The provided table, which details the status of franchised outlets from 2022 to 2024, includes a column specifically for "Reacquired by Franchisor." The total for 2023 in this column is zero, indicating that Bonchon did not reacquire any franchises during that year.
This information is crucial for potential franchisees as it provides insight into the stability and relationship between Bonchon and its franchisees. The absence of re acquisitions in 2023 could suggest a healthy franchise system where franchisees are generally successful and satisfied with their businesses.
However, it is important to note that this data only reflects a single year. A prospective franchisee should review the data for other years, as well as speak with current and former franchisees, to gain a more comprehensive understanding of Bonchon's franchise relationships and any potential issues that may arise. It is also important to understand the reasons why Bonchon might reacquire a franchise, as this could indicate potential risks or challenges within the franchise system.