What was the total amount of franchise fees and royalties that Bonchon collected in 2023?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Point in time: | |||
| Franchise fees and royalties | $9,250,473 | $9,190,258 | $8,490,100 |
| Franchisee advertising fees | 3,349,877 | 2,922,845 | 2,256,071 |
| Other income | 91,817 | 37,179 | 12,000 |
| Total | $12,692,167 | $12,150,282 | $10,758,171 |
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, the total amount of franchise fees and royalties collected by Bonchon in 2023 was $9,190,258. This figure represents the income Bonchon receives from its franchisees for the right to operate under the Bonchon brand and utilize its system.
For a prospective franchisee, this number indicates the financial health and stability of Bonchon as a franchisor. A consistent or growing revenue stream from franchise fees and royalties suggests that the franchise system is attracting new franchisees and that existing franchisees are generating sales, which lead to royalty payments.
It is important to note that this figure does not include other sources of revenue for Bonchon, such as franchisee advertising fees or other income. The franchisee advertising fees collected in 2023 totaled $2,922,845, while other income amounted to $37,179. The total revenue from all sources for Bonchon in 2023 was $12,150,282.
Understanding the breakdown of Bonchon's revenue streams can help a potential franchisee assess the overall financial performance of the franchise system and evaluate the potential return on investment. It's also worth comparing these figures with previous years to identify any trends or fluctuations in Bonchon's financial performance.