Does Bonchon have an option to purchase a Bonchon business?

According to Bonchon's 2025 Franchise Disclosure Document, Bonchon has the option to purchase a franchised business's assets upon termination or expiration of the franchise agreement, as detailed in Section 19.01 of the Franchise Agreement. This means that at the end of the franchise term, or if the agreement is terminated early, Bonchon has the right to buy the assets of the franchisee's business.

Additionally, Bonchon also has the right of first refusal to purchase the business. Section 14.06 of the Franchise Agreement states that Bonchon can match any offer for the franchisee's business. This means if a franchisee receives an offer from a third party to buy their Bonchon restaurant, Bonchon has the opportunity to match that offer and purchase the business themselves.

These provisions are important for prospective franchisees to consider. While franchisees have the right to sell their business, Bonchon retains control over who ultimately owns and operates a Bonchon location. The option to purchase upon termination or expiration ensures Bonchon can maintain brand standards and operational consistency. The right of first refusal gives Bonchon the ability to strategically acquire successful locations or prevent unwanted ownership changes.