What happens if Bonchon does not communicate its approval or disapproval of my lease or purchase agreement within the specified timeframe?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
- (2) Approve or disapprove the lease or purchase agreement for the Restaurant Location within 20 business days after we receive it. If we do not communicate our approval or disapproval to you in that time, the agreement is deemed disapproved. (Franchise Agreement, Section 6.03)
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 45–60)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, Bonchon has 20 business days to either approve or disapprove the lease or purchase agreement for your restaurant location after they receive it. If Bonchon fails to communicate its decision within this 20-business-day timeframe, the agreement is automatically considered disapproved.
This stipulation is important for prospective franchisees because it sets a clear timeline for Bonchon's review process. If Bonchon does not respond within the specified period, the franchisee can proceed with alternative location options without waiting indefinitely for approval. This can help to keep the project on schedule and avoid potential delays.
It is important for franchisees to ensure they submit all necessary documentation promptly to Bonchon to start the 20-business-day review period. Franchisees should also maintain open communication with Bonchon during this time to address any questions or concerns that may arise, potentially expediting the approval process.