Does the Bonchon agreement establish a partnership between Stripe and the franchisee?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
Your Bonchon Business will be prohibited from directly delivering products to customers; rather, it will be required to utilize a third-party delivery service that we have designed and/or approved in advance in order to fulfill online delivery orders.
Bonchon Franchise LLC ("Franchisor") and Yoobic Inc. ("Supplier") have negotiated that certain SaaS Services Agreement (the "Agreement") dated as of January 31, 2022 whereby Supplier has agreed to supply software applications and related services to Bonchon restaurants for the purpose of improving such retailers' customer visibility, in-store execution and efficiency. The undersigned franchisee of Franchisor ("Franchisee," "you", or "your") acknowledges and agrees that Franchisee has received a copy of and reviewed the Agreement and desires to undertake the obligations of an end user thereunder who may use the Yoobic platform for the sole purpose of setting up, maintaining, and/or accepting Yoobic's SaaS Services as defined therein.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the excerpts provided do not mention any partnership or agreement between Bonchon franchisees and Stripe. The document does reference third-party delivery services that Bonchon franchisees are required to use for online delivery orders. Additionally, there is a reference to a "SaaS Services Agreement" with Yoobic Inc. for software applications related to customer visibility and in-store efficiency. Franchisees are required to acknowledge and agree to the terms of the Yoobic agreement as end users of their platform.
Without specific mention of Stripe, it's not possible to determine if such a partnership exists directly from these excerpts. The FDD does outline Bonchon's right to modify the Bonchon system, including third-party vendors, so it is possible that franchisees may be required to use certain payment processing systems.
A prospective Bonchon franchisee should inquire directly with the franchisor about any required or preferred payment processing systems like Stripe, and whether there are specific agreements or partnerships in place. This would clarify any obligations or benefits related to payment processing and associated fees.