What is the fiscal year end date for Bonchon?
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 fiscal year ends on December 31. This is significant for franchisees because Bonchon Franchise, LLC prepares its financial statements, including balance sheets, income statements, and cash flow statements, based on this annual period.
The financial statements provided in the FDD are audited and cover the three-year period ending December 31, 2024. These statements are prepared in accordance with accounting principles generally accepted in the United States of America.
Furthermore, franchisees are required to provide Bonchon with a statement of profit and loss and a balance sheet for their franchised business within 90 days following the end of their fiscal year. This information helps Bonchon monitor the financial health of its franchisees and the overall performance of the franchise system.