What was the amount of receipts for Bonchon U.S.A., Inc. in 2023?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
into a 20-year non-exclusive license agreement with Jin Duk Seo (the "Licensor") for the use of the registered name "Bonchon" (the "license agreement"), which is automatically renewable for additional consecutive terms of 20 years after the initial 20-year term unless the part
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, Bonchon U.S.A., Inc. had receipts of $61,341 in 2023. This figure is part of a larger table presenting receipts for Bonchon U.S.A., Inc., Bonchon Allston LLC, 267W LLC, and the total receipts for these entities across the years 2022, 2023, and 2024.
For a prospective franchisee, understanding the receipts of Bonchon U.S.A., Inc. can provide insight into the financial performance of the parent company. While this doesn't directly reflect the performance of individual franchise locations, it can indicate the overall health and stability of the Bonchon brand. Franchisees should consider this information alongside other financial data, such as the performance of affiliate-owned restaurants and the franchisor's overall financial statements, to gain a comprehensive understanding.
It's important to note that the receipts for Bonchon U.S.A., Inc. do not represent the revenues of a typical franchise location. Instead, they reflect the income of the parent company from various sources, such as franchise fees, royalties, and other charges. Franchisees should focus on the financial performance representations (FPRs) in Item 19 of the FDD, which provide information on the actual or potential revenues and expenses of franchise locations. Reviewing Item 19 will give potential franchisees a clearer picture of what they might expect to earn as a Bonchon franchisee.