What is the age requirement for Bonchon's owner if Bonchon is a legal entity?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
If you are a business entity, you must comply with the following requirements (which will also apply to any business entity assignee of yours):
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- Furnish us with your formation, organizational and governing documents; any shareholders, partnership, members, buy-sell or equivalents agreements and documents; list of officers, directors, shareholders, partners (limited and general), proprietors or members (including type, number and percentage of interests held) in the form annexed hereto as Exhibit G); the Confidentiality/Non-Competition Agreements required under Section 11.01; and any other documents we may reasonably request, and any amendments to them.
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- Confine your activities to the operation of your Area Development Business and your Bonchon Businesses and your governing documents must provide that your activities are confined exclusively to the operation of your Area Development Business and Bonchon Businesses.
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- You must promptly notify us in writing of any change in any of the information specified, or in any document referred to, herein.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
The 2025 Franchise Disclosure Document for Bonchon does not specify a minimum age requirement for owners or principals of a business entity that is applying for a franchise. The FDD does outline several requirements and conditions that apply when the franchisee is a business entity.
According to the FDD, if the franchisee is a business entity, Bonchon requires the franchisee to furnish formation, organizational, and governing documents, including shareholder agreements, lists of officers, directors, shareholders, and member agreements. Bonchon also requires that the business entity's activities are confined exclusively to the operation of the Area Development Business and Bonchon Businesses. The franchisee must also promptly notify Bonchon in writing of any changes to the information provided in these documents.
While the FDD does not state a specific age requirement, it does state that Bonchon enters into the agreement based on the skills and qualifications of the owners and managers. It would be prudent for a prospective franchisee to confirm with Bonchon whether there are any implicit or explicit age-related criteria during the application process.