What evidence must a Bonchon franchisee present to demonstrate their ability to renew the lease for their Bonchon Restaurant?

According to Bonchon's 2025 Franchise Disclosure Document, a franchisee seeking to renew their franchise agreement must provide evidence that they can renew the lease for their Bonchon restaurant. This evidence must be satisfactory to Bonchon, demonstrating that the lease renewal terms are acceptable to both the franchisee and Bonchon. Alternatively, the franchisee can lease a substitute restaurant location, provided it is acceptable to and approved by Bonchon, ensuring no interruption of business. This requirement is in compliance with the terms outlined in Section 6.07 of the franchise agreement.

This provision ensures that Bonchon restaurants maintain consistent locations or suitable replacements to uphold brand standards and operational continuity. For a franchisee, this means proactively managing their lease and maintaining open communication with Bonchon regarding lease terms or potential relocation options. Failing to secure a lease renewal or an approved substitute location could prevent the franchisee from obtaining a Successor Franchise Agreement, thus ending their operation of the Bonchon franchise.

It is important to note that Bonchon retains the right to assess the lease terms and the suitability of any substitute location. This protects Bonchon's interests by ensuring that the restaurant continues to operate in a viable location under acceptable conditions. Franchisees should engage with Bonchon early in the renewal process to understand their specific requirements and preferences for lease terms and location criteria. This proactive approach can help avoid potential conflicts and ensure a smoother renewal process.