In what form was Bonchon Franchise LLC organized and when?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
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We are a New York limited liability company organized in June, 2011. We conduct business under the name "Bonchon". Our principal business address is 15660 North Dallas Parkway, Suite 1150, Dallas, TX 75248, and our telephone number is (469) 482-1400. We have not conducted business in this or any other line of business and we have been offering franchises since August 2011.
Our affiliate and predecessor, Bonchon Restaurant Company, was formed in Korea in November 2002 and incorporated in Korea in June 2009, when its name changed to Bonchon Inc. d/b/a Bonchon Chicken. In November 2012, its name changed to Bonchon International Inc. ("Bonchon International"). The principal business address of Bonchon International is 48, Myeongnyesandan 2 ro, Jangan-eup, Gijang-gun, Busan, Republic of Korea. Bonchon International conducted a business of the type being franchised and one Bonchon Restaurant in Korea from November 2002 to January 2006 and does not currently operate any Bonchon Restaurants.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 8–10)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, Bonchon Franchise LLC is a New York limited liability company. It was organized in June 2011 and conducts business under the name "Bonchon". The principal business address for Bonchon is 15660 North Dallas Parkway, Suite 1150, Dallas, TX 75248. Bonchon's telephone number is (469) 482-1400. Bonchon has been offering franchises since August 2011.
Understanding the business structure and history of a franchise is crucial for potential franchisees. Knowing that Bonchon Franchise LLC is a limited liability company established in 2011 provides insight into the company's legal framework and operational experience. This information helps franchisees assess the stability and maturity of the franchise system.
Furthermore, the FDD states that Bonchon Franchise LLC is directly wholly owned by Bonchon U.S.A., Inc., which is a New York corporation formed in December 2006. Bonchon USA is wholly owned by Bonchon International. Bonchon International is majority-owned and controlled by BPlus Investment Holdings Co., Ltd. ("VIG New Co."), a Korean Limited Company formed in December 2018. This layered ownership structure indicates a complex organizational hierarchy, which prospective franchisees should consider when evaluating the franchise opportunity. Understanding the parent companies and their locations can be important for assessing the overall financial health and strategic direction of the Bonchon franchise system.
It is also important to note that Bonchon International and Bonchon USA have each licensed Bonchon Franchise LLC the rights to use the Bonchon System, trademarks, service marks and other intellectual property and to sublicense them to its franchisees in separate cross-license agreements effective as of December 26, 2018 and January 7, 2019, respectively. This licensing agreement ensures that franchisees have the legal right to operate under the Bonchon brand and utilize its established system and intellectual property.