What was the total amount of receipts for Bonchon franchise units not yet opened in 2023?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
| ame | Monthly Recurring Charges | One-Time Charges | Credits |
|---|---|---|---|
| $ | $0.00 |
Contract balances
Contract assets include accounts receivable. The balances as of December 31, 20
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, the receipts for franchise units not yet opened in 2023 totaled $1,171,815. This figure represents the revenue generated from franchise locations that were under development but had not yet commenced operations during that year.
For a prospective Bonchon franchisee, this number provides insight into the financial activity associated with new franchise development within the Bonchon system. It could include fees or other payments related to the establishment of new locations. Understanding this revenue stream can help franchisees gauge the overall growth and expansion efforts of the Bonchon franchise.
It's important to note that this figure does not represent the revenue of operating franchises. Instead, it reflects the financial activity related to units that are in the pipeline but not yet contributing to the system's operational revenue. Franchisees should consider this information in conjunction with other financial metrics to assess the overall health and growth trajectory of the Bonchon franchise system.