Does the Bonchon Disclosure Document include audited balance sheets as of December 31, 2022?

According to Bonchon's 2025 Franchise Disclosure Document, the document includes audited balance sheets as of December 31, 2022. Item 21 states that the disclosure document includes Bonchon's audited balance sheets as of December 31, 2024, 2023, and 2022. These financial statements also include the related statements of income and changes in member's equity (deficit) and cashflows for the years ended December 31, 2024, December 31, 2023 and December 31, 2022.

As a prospective franchisee, reviewing these audited financial statements is crucial. It allows you to assess Bonchon's financial health, stability, and performance over the past three years. This information can help you understand the company's revenue trends, profitability, and cash flow management, which are all vital indicators of a sustainable franchise system.

Furthermore, the inclusion of audited financial statements adds a layer of credibility and transparency. The audit, conducted by an independent accounting firm, provides an objective opinion on the fairness and accuracy of the financial statements. This helps to mitigate the risk of relying on potentially biased or misleading information, giving you greater confidence in your investment decision.