How many Bonchon franchises were operating in Michigan at the start of 2022?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers | |---|---|---| | | 2024 | 0 | | Florida | 2022 | 2 | | | 2023 | 0 | | | 2024 | 1 | | Georgia | 2022 | 0 | | | 2023 | 1 | | | 2024 | 0 | | Illinois | 2022 | 0 | | | 2023 | 1 | | | 2024 | 1 | | Maryland | 2022 | 3 | | | 2023 | 1 | | | 2024 | 0 | | Michigan | 2022 | 0 | | | 2023 | 1 | | | 2024 | 1 | | North Carolina | 2022 | 0 | | | 2023 | 0 | | | 2024 | 1 | | Texas | 2022 | 1 | | | 2023 | 0 | | | 2024 | 0 | | Virginia | 2022 | 2 | | | 2023 | 3 | | | 2024 | 0 | | Total | 2022 | 12 | | | 2023 | 9 | | | 2024 | 4 |
Table No. 3 Status of Franchised Outlets For Years December 31, 2022 to December 31, 2024*
| State | Column 2 Year | Outlets at Start of Year | Column 4 Outlets Opened | Column 5 Termina tions | Non- Renewals | Reacquire d by Franchisor | Ceased Opera- tions - Other Reas
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 was one Bonchon franchise operating in Michigan at the start of 2022. During 2022, one additional Bonchon franchise opened in Michigan, bringing the total to two by the end of the year.
This information is valuable for prospective franchisees as it provides insight into Bonchon's existing presence and growth in Michigan. Understanding the number of existing franchises can help assess market saturation and potential opportunities for new locations.
It's also important to note that while one franchise opened during 2022, there were no terminations, non-renewals, or re acquisitions by the franchisor, indicating stability among the existing franchises in Michigan. This data helps potential franchisees evaluate the brand's performance and sustainability in the state.