Who directly wholly owns Bonchon Franchise LLC?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
We are directly wholly owned by Bonchon U.S.A., Inc. ("Bonchon USA"), a New York corporation formed in December, 2006 with a principal business address at 15660 North Dallas Parkway, Suite 1150, Dallas, TX 75248. Bonchon USA is wholly owned by Bonchon International. Bonchon International is majority-owned and controlled by BPlus Investment Holdings Co., Ltd. ("VIG New Co."), a Korean Limited Company formed in December, 2018 with a principal business address at 16th fl. AIA Tower 16, Tongil-ro 2-gil, Jung-gu, Seoul, Republic of Korea. VIG New Co. is ultimately owned and controlled by VIG Private Equity Fund III, a Korean company with a principal address the same as VIG New Co., which is operated by VIG Partners LLC, a Korean limited liability company with a principal business address the same as VIG New Co. Each of Bonchon USA, Bonchon International, VIG New Co., VIG Private Equity Fund III, and VIG Partners LLC has never offered franchises for this or any other type of business.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 8–10)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, Bonchon Franchise LLC is directly and wholly owned by Bonchon U.S.A., Inc. Bonchon U.S.A., Inc. is a New York corporation that was formed in December 2006. Its principal business address is located at 15660 North Dallas Parkway, Suite 1150, Dallas, TX 75248.
Bonchon U.S.A., Inc. is, in turn, wholly owned by Bonchon International. Bonchon International is majority-owned and controlled by BPlus Investment Holdings Co., Ltd. (also referred to as "VIG New Co."), which is a Korean Limited Company formed in December 2018. VIG New Co. is ultimately owned and controlled by VIG Private Equity Fund III, a Korean company operated by VIG Partners LLC.
It's important to note that each of these parent and affiliated companies—Bonchon USA, Bonchon International, VIG New Co., VIG Private Equity Fund III, and VIG Partners LLC—has never offered franchises for Bonchon or any other type of business. This information is relevant for prospective franchisees as it clarifies the ownership structure and the experience of the parent companies in franchising.