How many Bonchon outlets were operating in Minnesota at the end of 2024?
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 | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 2 | 0 | 0 | 0 | 0 | 3 | | California | 2021 | 23 | 2 | 1 | 0 | 0 | 0 | 24 | | | 2023 | 24 | 0 | 0 | 0 | 0 | 0 | 24 | | | 2024 | 24 | 3 | 0 | 0 | 0 | 1 | 26 | | Colorado | 2022 | 2 | 1 | 0 | 0 | 0 | 0 | 3 | | | 2023 | 3 | 2 | 0 | 0 | 0 | 0 | 5 | | | 2024 | 5 | 1 | 0 | 0 | 0 | 0 | 6 | | Connecticut | 2022 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | | 2023 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | | 2024 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | Delaware | 2022 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | District of | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | Columbia | | | | | | | | | | | 2023 | 1 | 1 | 0 | 0 | 0 | 0 | 2 | | | 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 3 | | Florida | 2022 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | | 2023 | 5 | 0 | 0 | 0 | 0 | 1 | 4 | | | 2024 | 4 | 1 | 0 | 0 | 0 | 0 | 5 | | Georgia | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 1 | 0 | 0 | 0 | 0 | 2 | | Hawaii | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
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 6 Bonchon outlets operating in Minnesota at the end of 2024. The table provided in Item 20 details the status of franchised outlets from December 31, 2022, to December 31, 2024, showing the changes in outlet numbers for each state.
Specifically for Minnesota, the table shows that at the start of 2024, there were 6 outlets. Throughout 2024, there were no additional outlets opened, no terminations, non-renewals or re acquisitions by the franchisor, and no other reasons for ceased operations. Therefore, the number of Bonchon outlets remained constant at 6, from the start to the end of 2024.
This information is valuable for prospective franchisees as it provides a clear picture of Bonchon's existing presence and stability in Minnesota. A potential franchisee can see that the number of outlets has remained consistent over the past few years, which may indicate a stable market.
It is important to note that this data only reflects the number of outlets and does not provide information on the financial performance or success of these locations. Further due diligence, including speaking with current franchisees and reviewing financial performance data, is essential for anyone considering opening a Bonchon franchise in Minnesota.