What was the total number of Bonchon outlets that ceased operations for reasons other than termination, non-renewal, or reacquisition by the franchisor in 2024?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
| 9 | | | 2024 | 4 |
Table No. 3 Status of Franchised Outlets For Years December 31, 2022 to December 31, 2024*
| State | Column 2 Year | Outlets at Start of Year | Column 4 Outlets Opened | Column 5 Termina tions | Non- Renewals | Reacquire d by Franchisor | Ceased Opera- tions - Other Reasons | Outlets at End of the Year | |---|---|---|---|---|---|---|---|---| | Arizona | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 2 | 0 | 0 | 0 | 0 | 3 | | California | 2021 | 23 | 2 | 1 | 0 | 0 | 0 | 24 | | | 2023 | 24 | 0 | 0 | 0 | 0 | 0 | 24 | | | 2024 | 24 | 3 | 0 | 0 | 0 | 1 | 26 | | Colorado | 2022 | 2 | 1 | 0 | 0 | 0 | 0 | 3 | | | 2023 | 3 | 2 | 0 | 0 | 0 | 0 | 5 | | | 2024 | 5 | 1 | 0 | 0 | 0 | 0 | 6 | | Connecticut | 2022 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | | 2023 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | | 2024 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | Delaware | 2022 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | District of | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | Columbia | | | | | | | | | | | 2023 | 1 | 1 | 0 | 0 | 0 | 0 | 2 | | | 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 3 | | Florida | 2022 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | | 2023 | 5 | 0 | 0 | 0 | 0 | 1 | 4 | | | 2024 | 4 | 1 | 0 | 0 | 0 | 0 | 5 | | Georgia | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 1 | 0 | 0 | 0 | 0 | 2 | | Hawaii | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| State | Column 2 Year | Outlets at Start of Year | Column 4 Outlets Opened | Column 5 Termina tions | Non- Renewals | Reacquire d by Franchisor | Ceased Opera- tions - Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Illinois | 2022 | 5 | 1 | 0 | 0 | 0 | 0 | 6 |
| 2023 | 6 | 3 | 0 | 0 | 0 | 0 | 9 | |
| 2024 | 9 | 0 | 0 | 0 | 0 | 0 | 9 | |
| Maryland | 2022 | 10 | 0 | 0 | 0 | 0 | 0 | 10 |
| 2023 | 10 | 0 | 0 | 0 | 0 | 0 | 10 | |
| 2024 | 10 | 0 | 0 | 0 | 0 | 1 | 9 | |
| Massachusetts | 2022 | 4 | 0 | 0 | 0 | 0 | 0 | 4 |
| 2023 | 4 | 0 | 0 | 1 | 0 | 0 | 3 | |
| 2024 | 3 | 2 | 0 | 0 | 0 | 0 | 5 | |
| Michigan | 2022 | 1 | 1 | 0 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 84–91)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, a total of 3 franchised Bonchon outlets ceased operations for reasons other than termination, non-renewal, or reacquisition by the franchisor during the 2024 fiscal year. Additionally, 1 company-owned Bonchon location ceased operations for other reasons in New York.
Specifically, in Virginia, 1 franchised Bonchon location ceased operations for other reasons. No other states reported franchised Bonchon locations ceasing operations for other reasons in 2024.
This information is valuable for potential franchisees as it provides insight into the stability and potential risks associated with owning a Bonchon franchise. Understanding the reasons why outlets close, other than typical franchise agreement endings, can help franchisees assess the challenges and opportunities within the Bonchon system.