How many Bonchon outlets were reacquired by the franchisor in New York 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 | 202 |
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 New York was reacquired by the franchisor during 2024. At the start of 2024, there were 7 Bonchon outlets in New York. During 2024, three new outlets were opened, and one was reacquired by Bonchon. However, one outlet also closed, resulting in a total of 9 outlets at the end of the year.
This information is crucial for potential franchisees as it provides insight into the stability and changes within the Bonchon franchise system. Reacquisitions can occur for various reasons, such as franchisee non-compliance or strategic decisions by the franchisor. The closure of an outlet also indicates potential challenges in maintaining successful franchise operations in the state.
Prospective franchisees should investigate the reasons behind the reacquisition and closure to understand any potential risks or opportunities associated with operating a Bonchon franchise in New York. Understanding these factors can help franchisees make informed decisions and prepare for potential challenges in their own operations. This data helps to assess the overall health and sustainability of the Bonchon franchise in a specific market.