What was the total number of Bonchon outlets at the start of 2023?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2022 | 111 | 117 | +6 |
| 2023 | 117 | 127 | +10 | |
| 2024 | 127 | 143 | +16 | |
| Company-Owned | 2022 | 4 | 5 | +1 |
| 2023 | 5 | 4 | -1 | |
| 2024 | 4 | 4 | 0 | |
| Total Outlets | 2022 | 115 | 122 | +7 |
| 2023 | 122 | 131 | +9 | |
| 2024 | 131 | 147 | +16 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 84–91)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, at the start of 2023, there were a total of 122 Bonchon outlets. This number includes both franchised and company-owned locations. Specifically, there were 117 franchised outlets and 5 company-owned outlets at the beginning of 2023.
For a prospective franchisee, this indicates the size and composition of the Bonchon system at that time. It shows the relative proportion of franchised versus company-owned stores, which can provide insights into Bonchon's franchising strategy.
It's also important to note the net change in outlets during 2023. The total number of Bonchon outlets increased from 122 to 131, representing a net increase of 9 locations. This growth suggests the brand's expansion and could be a positive sign for potential franchisees. The number of franchised locations increased by 10, while the number of company-owned locations decreased by 1.