What was the net income for Bonchon in 2024?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
into a 20-year non-exclusive license agreement with Jin Duk Seo (the "Licensor") for the use of the registered name "Bonchon" (the "license agreement"), which is automatically renewable for additional consecutive terms of 20 years after the initial 20-year term unless the part
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, the provided financial statement includes income information for Bonchon U.S.A., Inc., Bonchon Allston LLC, and 267W LLC. The net income for Bonchon U.S.A., Inc. in 2024 was $51,666, while Bonchon Allston LLC had a net income of $36,231, and 267W LLC had a net income of $8,504. The total net income for these entities combined in 2024 was $96,401.
It is important to note that these figures represent the net income for specific related entities and may not reflect the overall net income of the entire Bonchon franchise system. A prospective franchisee should carefully review the complete financial statements and consult with a financial advisor to understand the full financial picture of the Bonchon franchise opportunity. Understanding the performance of these related entities can provide insights into the financial health and potential profitability within the Bonchon system.
Prospective franchisees should also investigate the costs of sales, operating expenses, and other costs that must be deducted from gross revenue to determine their potential net income or profit. Bonchon recommends conducting an independent investigation of these costs and expenses, and suggests that franchisees or former franchisees listed in the FDD may be a source of this information.