How many Bonchon outlets ceased operations for reasons other than termination, non-renewal, or reacquisition by the franchisor in Florida during 2023?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| Arizona | 2 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 84–91)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, one Bonchon outlet in Florida ceased operations for reasons other than termination, non-renewal, or reacquisition by the franchisor during 2023. At the start of 2023, there were 5 Bonchon outlets in Florida. By the end of 2023, this number decreased to 4, with one outlet ceasing operations for other reasons.
This information is crucial for prospective franchisees as it provides insight into the stability and potential risks associated with operating a Bonchon franchise in Florida. Understanding the reasons behind outlet closures can help franchisees assess the market conditions, operational challenges, or other factors that may impact their investment.
It's important to note that 'other reasons' for ceased operations can encompass a variety of factors, such as financial difficulties, landlord disputes, or unforeseen circumstances. A prospective franchisee should investigate these 'other reasons' to gain a comprehensive understanding of the challenges and opportunities in the Florida market before making a final investment decision.