What is the deadline for a Bonchon franchisee to complete the construction or conversion of their restaurant after acquiring the Restaurant Location?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
You must use your best efforts to complete the construction or conversion (as applicable) of your Bonchon Restaurant within 180 days of acquiring the Restaurant Location by lease or purchase. You must provide us with comprehensive information regarding all phases of the development process of the Restaurant Location as we may require, such as weekly progress reports during construction or conversion, in the format we designate. This information will include (without limitation and as applicable) the names, addresses and telephone numbers of your civil engineer, surveyor, subcontractors, principal vendors and environmental consultant, and the primary contact for each; copies of all permits, licenses, contractor's liability insurance certificates and other similar items required for the construction or conversion of your Restaurant; and, copies of all construction or remodeling contracts and documents, along with originals of all lien waivers. These requirements will also apply to any construction, remodeling, renovation or refurnishing of your Bonchon Restaurant at any time after it opens.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, a franchisee must complete the construction or conversion of their Bonchon restaurant within 180 days of acquiring the Restaurant Location by lease or purchase. This requirement ensures that franchisees promptly establish their business and begin operations.
To ensure compliance, Bonchon requires franchisees to provide comprehensive information regarding all phases of the development process. This includes weekly progress reports during construction or conversion, as well as the names, addresses, and telephone numbers of key personnel such as the civil engineer, surveyor, subcontractors, principal vendors, and environmental consultant. Franchisees must also provide copies of all necessary permits, licenses, contractor's liability insurance certificates, construction or remodeling contracts, and lien waivers.
These requirements also apply to any subsequent construction, remodeling, renovation, or refurnishing of the Bonchon restaurant after it opens. This ensures that all Bonchon restaurants maintain a consistent standard and comply with all applicable regulations throughout their operation.