How many Bonchon outlets were reacquired by the franchisor in Maryland during 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 |
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 no Bonchon outlets reacquired by the franchisor in Maryland during 2024, according to one table. At the start of 2024, there were 10 outlets, and at the end of 2024, there were 9 outlets, with one outlet ceasing operations for other reasons.
However, another table indicates that there was one Bonchon outlet at the start and end of 2024, with no outlets reacquired by the franchisor. This discrepancy could be due to different reporting methods or data collection periods.
Prospective franchisees should clarify this discrepancy with Bonchon to understand the reasons behind the differing numbers and to gain a clearer picture of outlet changes in Maryland. Understanding the reasons for outlet closures or changes in ownership is crucial for assessing the stability and performance of the franchise in a specific region.