Where can I find Bonchon's statements of income within the Disclosure Document?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT C TO DISCLOSURE DOCUMENT FINANCIAL STATEMENTS
BONCHON FRANCHISE, LLC (A Limited Liability Company) FINANCIAL STATEMENTS
YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022
BONCHON FRANCHISE, LLC (A Limited Liability Company) FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, the company's financial statements, including statements of income, are included as Exhibit C to the Disclosure Document. These financial statements cover the years ended December 31, 2024, 2023, and 2022.
The financial statements are audited by an independent auditor. The auditor's report states that the financial statements present fairly the financial position of Bonchon Franchise, LLC as of December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2024, in accordance with accounting principles generally accepted in the United States of America.
Prospective franchisees can review these statements to gain insight into Bonchon's financial performance over the past three years. This information can be valuable in assessing the financial stability and overall health of the franchise system. It is important to carefully review the auditor's report and the notes to the financial statements for a comprehensive understanding of Bonchon's financial condition.