How many Bonchon outlets were operating in the state of Virginia at the start of 2022?
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 |
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 18 Bonchon outlets operating in Virginia at the start of 2022. During 2022, 2 new Bonchon outlets opened in Virginia, while 1 ceased operations for reasons other than termination, non-renewal, or reacquisition by the franchisor. This resulted in a total of 19 Bonchon outlets in Virginia by the end of 2022.
For a prospective franchisee, this data indicates the existing presence and activity of Bonchon in Virginia. It shows the number of openings and closures, which can provide insights into the market dynamics and the brand's performance in the state. Understanding these trends can help a franchisee assess the potential opportunities and challenges in the Virginia market.
It's worth noting that while there was a net increase in the number of Bonchon outlets in Virginia during 2022, one outlet ceased operations for other reasons. This could be due to various factors such as poor performance, location issues, or other unforeseen circumstances. A prospective franchisee should investigate the reasons behind such closures to better understand the risks and opportunities associated with operating a Bonchon franchise in Virginia.