What was the net change in the total number of Bonchon outlets during 2024?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2022 | 111 | 117 | +6 |
| 2023 | 117 | 127 | +10 | |
| 2024 | 127 | 143 | +16 | |
| Company-Owned | 2022 | 4 | 5 | +1 |
| 2023 | 5 | 4 | -1 | |
| 2024 | 4 | 4 | 0 | |
| Total Outlets | 2022 | 115 | 122 | +7 |
| 2023 | 122 | 131 | +9 | |
| 2024 | 131 | 147 | +16 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 84–91)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, the net change in the total number of Bonchon outlets during 2024 was an increase of 16. This figure accounts for both franchised and company-owned locations. At the start of 2024, there were 131 total Bonchon outlets, which grew to 147 by the end of the year.
Specifically, the number of franchised Bonchon outlets increased by 16 during 2024, growing from 127 to 143. The number of company-owned Bonchon outlets remained the same, with 4 outlets at both the beginning and end of the year. This indicates that all of the growth in the Bonchon system during 2024 came from franchised locations.
For a prospective franchisee, this data suggests that Bonchon is actively expanding its franchise network. The fact that the company-owned store count remained stable while franchise locations grew could indicate a strategic focus on franchise-led expansion. A potential franchisee may want to inquire about the support and resources Bonchon provides to help franchisees successfully open and operate new locations.