How many franchised Bonchon outlets were operating at the start of 2023?
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, there were 117 franchised Bonchon outlets operating at the start of 2023. This number is part of a table that also shows the number of company-owned stores and total outlets for 2022, 2023, and 2024. The table provides a year-over-year comparison of outlet counts, which can be useful for prospective franchisees to understand the brand's growth trajectory.
Specifically, the table details the number of franchised Bonchon locations at the beginning of 2023, the number at the end of 2023, and the net change during that year. This information offers a clear picture of the expansion of franchised units within the Bonchon system. The table also includes similar data for 2022 and 2024, allowing for a broader view of the franchise's growth trends over those three years.
For a prospective franchisee, this data point is significant because it provides insight into the size and growth of the Bonchon franchise network. Knowing the number of existing franchised outlets can help in assessing the brand's market presence and potential for further expansion. It also gives a sense of the existing franchisee community and the support network available.
Reviewing the net change in franchised outlets for 2023 (+10) alongside the starting number (117) provides a growth rate for that year. Comparing this growth rate with those of previous and subsequent years can reveal whether the brand's expansion is accelerating, decelerating, or remaining steady. This information, combined with other factors, can inform a potential franchisee's decision-making process.