How many Bonchon restaurants in Illinois ceased operations for reasons other than termination, non-renewal, or reacquisition by the franchisor in 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, there were no Bonchon restaurants in Illinois that ceased operations for reasons other than terminations, non-renewals, or reacquisition by the franchisor during the year 2024. The provided table in Item 20 of the FDD outlines the status of franchised outlets, including details on openings, terminations, non-renewals, re acquisitions and other reasons for ceased operations.
Specifically, the table provides a breakdown of outlet activity by state and year. For Illinois, the data shows that in 2024, there were 9 outlets at the start of the year and 9 outlets at the end of the year, with zero outlets opened and zero outlets ceasing operations for 'other reasons'. This indicates that no Bonchon restaurants in Illinois closed due to factors outside of the typical categories of termination, non-renewal, or franchisor reacquisition.
This information is crucial for potential franchisees as it offers insights into the stability and performance of Bonchon franchises in specific regions. A high number of closures for 'other reasons' might indicate underlying issues with the franchise model or market conditions in that area. The absence of such closures in Illinois for 2024 could be seen as a positive sign for prospective franchisees interested in that market. However, it is essential to consider this data in conjunction with other factors, such as the number of new openings and overall market trends, to gain a comprehensive understanding of the franchise's health and potential.