How many Bonchon outlets opened in Michigan during 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, one Bonchon outlet opened in Michigan during 2022. The number of outlets at the start of the year was one, and by the end of 2022, the number of outlets had increased to two.
This information is valuable for prospective franchisees as it provides insight into the brand's growth and presence in specific states. Observing the number of openings, closures, and transfers can help potential franchisees assess the stability and expansion rate of Bonchon in a particular area.
It's important to note that past performance does not guarantee future results. Franchisees should also consider other factors such as market conditions, competition, and local demographics when evaluating the potential success of a Bonchon franchise in Michigan.