What was the total number of Bonchon restaurants operating in Florida at the end of 2023?
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 | 2 |
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 4 restaurants operating in Florida at the end of 2023. At the start of 2023, there were 5 restaurants. During 2023, no new restaurants opened, and one ceased operations for other reasons, resulting in the year-end total of 4.
This information is relevant for prospective franchisees as it provides insight into the brand's presence and performance in Florida. The closure of a Bonchon location in Florida during 2023 could be a point of interest for potential franchisees, prompting them to investigate the reasons behind the closure and the overall health of the Florida market.
Understanding the dynamics of outlet openings and closures can help franchisees assess the stability and growth potential of the Bonchon franchise in specific regions. It's essential to consider these figures in conjunction with other factors, such as market demographics and local competition, to form a comprehensive understanding of the franchise's prospects in Florida.