What was the ending cash balance for Bonchon at the end of 2024?
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, the ending cash balance for Bonchon U.S.A., Inc. at the end of 2024 was $51,666. Bonchon Allston LLC had an ending cash balance of $36,231, and 267W LLC had an ending balance of $8,504. The total ending cash balance for these entities was $96,401.
It is important to note that these figures represent the cash balances for specific entities (Bonchon U.S.A., Inc., Bonchon Allston LLC, and 267W LLC) and not necessarily the entire Bonchon franchise system. These figures are from the balance sheets as of December 31, 2024.
Prospective franchisees should consider these cash balances in the context of Bonchon's overall financial health and performance. While a positive cash balance is generally a good sign, it's essential to review the complete financial statements and related notes to understand the company's financial position fully. This includes analyzing revenue, expenses, assets, liabilities, and equity to assess the company's profitability, solvency, and efficiency.
Franchisees should also inquire about the factors that contributed to these cash balances and how Bonchon plans to manage its cash flow in the future. Understanding Bonchon's financial management strategies can help franchisees make informed decisions about their investment and assess the potential risks and rewards of joining the Bonchon franchise system.