What was the total amount of Bonchon's current assets in 2023?
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 receipts for Bonchon U.S.A., Inc., Bonchon Allston LLC, and 267W LLC totaled $107,191 in 2023. This figure represents the combined receipts from these entities.
It is important to note that this total represents receipts and not necessarily the total current assets of Bonchon. Receipts reflect the income received by these specific Bonchon entities, while current assets would encompass all liquid assets that the company possesses, such as cash, accounts receivable, and inventory. The receipts provide insight into the revenue generation of these entities within the Bonchon franchise system.
A prospective franchisee should be aware that this figure does not represent the entire financial picture of Bonchon. To gain a comprehensive understanding of Bonchon's financial health, a potential franchisee should review the complete financial statements, including the balance sheet, income statement, and cash flow statement. These statements would provide a more detailed breakdown of Bonchon's assets, liabilities, and overall financial performance.