How many Bonchon franchise agreements have been signed in Alabama, but the outlet has not yet opened?

According to Bonchon's 2025 Franchise Disclosure Document, as of the end of the 2024 fiscal year, there were two franchise agreements signed in Alabama for which the outlets had not yet opened. This indicates that there is some franchisee interest in developing Bonchon restaurants in Alabama, but those locations are still in the pre-opening phase.

For a prospective franchisee, this information suggests that the Alabama market may have some potential for growth, as evidenced by the existing signed agreements. However, it also means that there are already franchisees in the state who are working towards opening their locations, which could lead to increased competition once those outlets are operational. The FDD also projects two new franchised outlets in Alabama in the next fiscal year.

It's important for potential franchisees to investigate the reasons why these outlets have not yet opened. Delays could be due to various factors such as site selection challenges, permitting issues, construction delays, or financing hurdles. Understanding these potential obstacles can help a new franchisee better prepare for the challenges of opening a Bonchon restaurant in Alabama. Contacting existing franchisees in Alabama could provide valuable insights into the local market conditions and any specific challenges they may have faced.

Overall, the presence of signed franchise agreements without opened outlets suggests a market with developing potential but also potential challenges that require careful consideration and due diligence by prospective Bonchon franchisees.