What is Bonchon's policy on approving a proposed restaurant location lease if it is not accompanied by a rider embracing all of the provisions of Exhibit C?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
If you will be leasing the Restaurant Location of your Bonchon Restaurant, then promptly following our written approval of your proposed Restaurant Location, you will be required to utilize a real estate broker we approve and obtain a lease or sublease for the Restaurant Location which, unless we otherwise approve the lease in advance, must be accompanied by a rider substantially in the form of Exhibit C of this Agreement. You agree to deliver to us a copy of any proposed lease or sublease for the Restaurant Location and any related documents (collectively, the "Lease") before you execute the Lease. Any Lease will be subject to our advance written approval, which we will not unreasonably withhold or delay, provided, however, that we expressly reserve the right to disapprove any Lease not accompanied by a rider embracing all of the provisions of Exhibit C. If we do not communicate our approval or disapproval of a proposed Lease to you within twenty business days following our receipt of the proposed Lease, then the Lease will be considered and deemed to be disapproved.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, Bonchon expressly reserves the right to disapprove any lease for a restaurant location that is not accompanied by a rider embracing all the provisions of Exhibit C.
Following Bonchon's written approval of a proposed restaurant location, franchisees must use a real estate broker approved by Bonchon to obtain a lease or sublease. Unless Bonchon approves the lease in advance, it must include a rider substantially in the form of Exhibit C. Franchisees must provide Bonchon with a copy of any proposed lease and related documents before executing it.
Bonchon's advance written approval of any lease will not be unreasonably withheld or delayed, but the company explicitly retains the right to disapprove leases lacking the Exhibit C rider. If Bonchon fails to communicate its approval or disapproval within twenty business days of receiving the proposed lease, the lease is considered disapproved.