If Bonchon requests additional information regarding a proposed assignment or redemption, within how many days after receiving the additional information must Bonchon consent or withhold consent?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
Bonchon will review and communicate its decision as to whether your request is approved or rejected within three (3) weeks of the date that you submit all the information that we need to evaluate your proposed architect.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the document does not specify a timeframe within which Bonchon must make a decision after receiving additional information regarding a proposed assignment or redemption. However, the FDD does state that if a franchisee wants to use an alternative architect or general contractor, Bonchon will review and communicate its decision within three weeks of receiving all necessary information.
Item 23 outlines the conditions under which Bonchon may consent to or withhold consent for a proposed assignment or redemption. These conditions include the proposed assignee meeting Bonchon's criteria for franchisees, such as providing requested information and references, and attending a personal interview. Bonchon also has the right of first refusal, allowing them to purchase the franchise instead of approving the assignment to a third party.
Given the absence of a specific timeframe for a decision after additional information is provided, it is important for prospective franchisees to discuss this point with Bonchon. Understanding the typical turnaround time for these decisions can help franchisees plan effectively for potential assignments or redemptions. Franchisees should also clarify what constitutes "all the information that we need" to avoid delays in the decision-making process.