What information about Bonchon Outlets must a Participating Franchisee provide to Pepsi-Cola upon execution of the agreement?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
Participating Franchisee will provide Pepsi-Cola, upon execution of this Agreement an electronic list of all Outlets, including name, location, telephone number(s) and points of contact for each Outlet, and thereafter for the remainder of the Term, Participating Franchisee will continue to be responsible for promptly notifying Pepsi-Cola, in writing, of each Outlet that is opened, acquired, closed or sold, and the relevant information pertaining thereto. If Participating Franchisee or more than 10% of its Outlets are temporarily closed for more than thirty (30) days consecutively during the Term, Participating Franchisee and Pepsi-Cola agree that any fixed, advanced, or guaranteed funding will be adjusted proportionate with the period of time during which Participating Franchisee or its Outlets are closed. Notwithstanding the foregoing, Pepsi-Cola will not prorate fixed, advanced, or guaranteed funding during seasonal Outlet closures acknowledged with Pepsi-Cola's prior written approval, which shall not be unreasonably withheld.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, a Participating Franchisee must provide Pepsi-Cola with an electronic list of all Outlets upon execution of the agreement. This list must include the name, location, telephone number(s), and points of contact for each Outlet.
Furthermore, the franchisee is responsible for promptly notifying Pepsi-Cola in writing of any Outlet that is opened, acquired, closed, or sold, and providing the relevant information pertaining to these changes. This ongoing requirement ensures that Pepsi-Cola maintains an up-to-date record of all Bonchon Outlets operating under the agreement.
If more than 10% of a Bonchon franchisee's Outlets are temporarily closed for more than 30 consecutive days, any fixed, advanced, or guaranteed funding from Pepsi-Cola will be adjusted proportionally to the period of closure. However, this proration does not apply to seasonal Outlet closures that have received prior written approval from Pepsi-Cola, which will not be unreasonably withheld.