What was the total number of Bonchon outlets operating in Maryland at the end of 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 |
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 9 Bonchon outlets operating in the state of Maryland at the end of 2024. This number reflects a decrease of one outlet compared to the start of the year, as one outlet ceased operations for other reasons. No outlets were opened, terminated, non-renewed, or reacquired by the franchisor during 2024 in Maryland.
For a prospective franchisee, this data indicates the current scale of Bonchon's presence in Maryland and recent changes in the number of operating units. The closure of an existing unit may warrant further investigation to understand the reasons behind it and whether it reflects any challenges or opportunities within the Maryland market.
It is also worth noting that the FDD indicates that there are 2 franchise agreements signed in Maryland for which the outlets have not yet opened as of December 31, 2024. This suggests potential for growth in the state, but also a delay in the opening of new locations. A prospective franchisee should inquire about the reasons for these delays and the expected timeline for these new outlets to begin operations.