In what state did one transfer of a franchised Bonchon outlet occur during 2023?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
2 Transfers of Franchised Outlets from Franchisees to New Owners (other than the Franchisor) For Years December 31, 2022 to December 31, 2024**
| State | Year | Number of Transfers | |---|---|---| | Arizona | 2022 | 0 | | | 2023 | 1 | | | 2024 | 0 | | California | 2022 | 4 | | | 2023 | 1 |
| State | Year | Number of Transfers |
|---|---|---|
| 2024 | 0 | |
| Florida | 2022 | 2 |
| 2023 | 0 | |
| 2024 | 1 | |
| Georgia | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 0 | |
| Illinois | 2022 | 0 |
| 2023 | 1 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 84–91)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, several states experienced one transfer of a franchised outlet during 2023. Specifically, Arizona, California, Georgia, Illinois, Maryland, and Michigan each had one transfer occur during that year.
This information is relevant for prospective franchisees as it provides insight into the resale activity within the Bonchon franchise system. A transfer indicates a change in ownership, which could be due to various reasons such as the franchisee selling the business, retiring, or other personal circumstances.
Reviewing the number of transfers can help potential franchisees assess the stability and desirability of Bonchon franchises in different regions. A higher number of transfers might warrant further investigation to understand the reasons behind these changes, while a lower number could suggest more stable ownership.
It is important to note that the FDD only provides data on the number of transfers and not the reasons behind them. Therefore, prospective franchisees should conduct their own due diligence, including speaking with current and former franchisees, to gain a comprehensive understanding of the franchise system's dynamics.