Does the estimated cost for deposits, licenses, and other charges for a Bonchon franchise include the cost of deposit for additional insurance required for a Remote Kitchen Restaurant?

This is an estimate of various deposits (excluding rent deposit), licenses, and other charges that are typically paid in cash.

Utility deposits may be required and the issuing company may request a credit check before beginning services and a higher deposit for first time customers.

These costs will vary and are due to the type of services required for the facility and the municipality from which it is being contracted.

We recommend that you check the requirements in your local area.

This estimate is also for the cost of deposit in order to obtain the minimum required insurance as discussed in Item 8 of this Disclosure Document.

If you are operating a Remote Kitchen Restaurant, the lease for your Restaurant Location may require that you purchase additional insurance.

This estimate does not include the cost of the deposit for such additional insurance.

You will need to check with your local carrier for actual premium quotes and costs, as well as the actual cost of the deposit.

The cost of coverage will vary based upon the area in which your Business will be located, your experience with the insurance carrier, the loss experience of the carrier, and other factors beyond our control.

You should also check with your insurance agent or broker regarding any additional insurance that you may wish to carry above our stated minimums.

Source: Item 7 — ESTIMATED INITIAL INVESTMENT YOUR ESTIMATED INITIAL INVESTMENT\ (FDD pages 24–37)