What was the total amount of receipts for opened Bonchon franchise units in 2024?
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, 2024, 2023 and 2022, are $303,717, $283,348 and $250,837, respectively.
Contract liabilities
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, the total receipts for opened franchise units in 2024 was $1,198,720. This figure represents the revenue generated by Bonchon franchise locations that were operational during that year.
For a prospective franchisee, this number provides insight into the revenue being generated by existing Bonchon locations. It is important to note that this is an aggregate number, and individual franchise locations may vary significantly based on factors such as location, market conditions, and management effectiveness. This number does not reflect the performance of individual units.
It is also important to consider the receipts for franchise units not yet opened, which totaled $1,296,776 in 2024. The FDD does not specify what these receipts are for. A potential franchisee should investigate what these receipts are for and how they might impact the overall financial picture of Bonchon.
When evaluating this information, prospective franchisees should conduct thorough due diligence, including reviewing the Item 19 financial performance representations in the FDD, speaking with existing franchisees, and conducting their own market research to determine the potential revenue for their specific location.