What was the total number of franchised Bonchon outlet transfers in 2024?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 | |
| 2024 | 1 | |
| Maryland | 2022 | 3 |
| 2023 | 1 | |
| 2024 | 0 | |
| Michigan | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 1 | |
| North Carolina | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| Texas | 2022 | 1 |
| 2023 | 0 | |
| 2024 | 0 | |
| Virginia | 2022 | 2 |
| 2023 | 3 | |
| 2024 | 0 | |
| Total | 2022 | 12 |
| 2023 | 9 | |
| 2024 | 4 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 84–91)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, there were a total of 4 franchised Bonchon outlets transferred to new owners in 2024. This figure represents transfers from existing franchisees to new owners, excluding transfers to Bonchon itself.
The FDD provides a table that breaks down these transfers by state. In 2024, there was 1 transfer each in Florida, Illinois, Michigan, and North Carolina. This information is valuable for prospective franchisees as it offers insight into the stability and turnover of Bonchon franchises within the system. A higher number of transfers could indicate potential challenges or dissatisfaction among franchisees, while a lower number might suggest a more stable and successful franchise network.
It is important to note that this data only reflects transfers to new owners and does not include instances where Bonchon reacquired the franchise. Reviewing transfer rates over multiple years, as provided in the table (2022-2024), can provide a more comprehensive understanding of franchise transitions within the Bonchon system. This information helps potential franchisees assess the health and desirability of owning a Bonchon franchise.