How many company-owned Bonchon outlets were operating at the end of 2024?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2022 | 111 | 117 | +6 |
| 2023 | 117 | 127 | +10 | |
| 2024 | 127 | 143 | +16 | |
| Company-Owned | 2022 | 4 | 5 | +1 |
| 2023 | 5 | 4 | -1 | |
| 2024 | 4 | 4 | 0 | |
| Total Outlets | 2022 | 115 | 122 | +7 |
| 2023 | 122 | 131 | +9 | |
| 2024 | 131 | 147 | +16 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 84–91)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, at the end of 2024, Bonchon had 4 company-owned outlets. This number remained the same as at the start of the year, indicating no net change in company-owned locations during 2024.
For a prospective franchisee, this indicates that Bonchon primarily focuses on franchising as its expansion strategy rather than operating a large number of company-owned stores. This could mean that Bonchon's corporate resources are geared more towards supporting franchisees than managing their own outlets.
It's worth noting that while the number of company-owned stores remained constant, the number of franchised outlets increased from 127 to 143 during 2024. This growth in franchised locations suggests a healthy interest in the Bonchon brand among potential franchisees and a successful franchise model. A potential franchisee may want to inquire about the level of support and resources Bonchon provides to its franchisees, given its focus on franchising.