In what month and year was Bonchon organized?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
Our affiliate and predecessor, Bonchon Restaurant Company, was formed in Korea in November 2002 and incorporated in Korea in June 2009, when its name changed to Bonchon Inc. d/b/a Bonchon Chicken.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, the company's affiliate and predecessor, Bonchon Restaurant Company, was initially formed in Korea in November 2002. It was later incorporated in Korea in June 2009, at which point its name was changed to Bonchon Inc. d/b/a Bonchon Chicken.
This indicates that while the Bonchon brand has been around since November 2002, the formal incorporation of the business occurred several years later. This distinction may be important for prospective franchisees to understand the history and evolution of the Bonchon business structure.
It's also worth noting that the company has undergone several name changes since its initial formation, reflecting potential shifts in business strategy or ownership. These changes do not necessarily impact the franchise operations but provide context to the brand's development.