What was the total revenue for Bonchon in 2024, according to the provided table?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
into a 20-year non-exclusive license agreement with Jin Duk Seo (the "Licensor") for the use of the registered name "Bonchon" (the "license agreement"), which is automatically renewable for additional consecutive terms of 20 years after the initial 20-year term unless the part
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, the total revenue for Bonchon in 2024 was $96,401. This figure represents the combined revenue of Bonchon U.S.A., Inc., Bonchon Allston LLC, and 267W LLC. The table also provides comparative data for 2023 and 2022, showing a total revenue of $107,191 and $87,486, respectively.
For a prospective Bonchon franchisee, this revenue information offers insight into the financial performance of specific Bonchon entities. While it doesn't represent the revenue of an individual franchise location, it provides a broader view of the brand's financial health. Understanding the revenue trends over the past three years can help potential franchisees assess the stability and growth potential of the Bonchon franchise system.
It's important to note that these figures pertain to specific entities (Bonchon U.S.A., Inc., Bonchon Allston LLC, and 267W LLC) and may not be representative of all Bonchon franchise locations. Franchisees should also consider factors such as location, market conditions, and operating costs when evaluating the potential profitability of a Bonchon franchise. Reviewing the Item 19 financial performance representations in the FDD, if available, would provide more specific information about potential franchise revenues and expenses.
Prospective franchisees should consult with Bonchon and carefully review the complete FDD to gain a comprehensive understanding of the brand's financial performance and the potential risks and rewards of investing in a Bonchon franchise.