As Exhibit C, what financial statements are attached to the Bonchon Disclosure Document?

According to Bonchon's 2025 Franchise Disclosure Document, Exhibit C includes the company's audited balance sheets as of December 31, 2024, 2023, and 2022. This exhibit also contains the related statements of income, changes in member's equity (deficit), and cash flows for the years ending on those same dates. These financial statements provide a comprehensive overview of Bonchon's financial performance over the three-year period.

For a prospective franchisee, these financial statements are crucial for evaluating the financial stability and performance of Bonchon. Analyzing the balance sheets can reveal the company's assets, liabilities, and equity, providing insights into its overall financial health. The statements of income and cash flows offer details on Bonchon's revenues, expenses, and cash generation, which are essential for understanding its profitability and ability to manage its finances.

It is important for potential Bonchon franchisees to carefully review these audited financial statements with a financial advisor. This review can help them assess the risks and opportunities associated with investing in a Bonchon franchise. Understanding the franchisor's financial position is a key step in making an informed decision about whether to proceed with the franchise opportunity.