Under what circumstances might Bonchon waive the training requirements for a proposed assignee?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
That the proposed assignee and/or his, her or its proposed Operating Principal attend and receive certification in safe food handling from a state-approved food safety program and attend and successfully complete our Initial Training Program or Partner Training Program (as applicable) before the assignment, and any other training that we reasonably require, at the assignee's expense (which will include our then-current training fee and the cost of the trainee's transportation, lodging, food and other living expenses).
Each individual undergoing such training must first execute the Confidentiality/Non-Competition Agreement substantially in the form of Exhibit E.
We may waive these requirements if the proposed assignee is one of our existing franchisees in good standing.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, Bonchon may waive the training requirements for a proposed assignee if the proposed assignee is one of Bonchon's existing franchisees in good standing. This waiver applies to the Initial Training Program or Partner Training Program that is typically required before the assignment can be completed. However, all individuals undergoing training must first execute a Confidentiality/Non-Competition Agreement.
This condition is significant for current Bonchon franchisees looking to sell their franchise. If the buyer is already a Bonchon franchisee with a good track record, the assignment process could be streamlined by foregoing the standard training program. This could save the assignee time and the expense of the training fee, transportation, lodging, food, and other living expenses associated with the training.
It is important to note that even if the training requirement is waived, the assignee must still meet other conditions, such as demonstrating the organizational, managerial, and financial capabilities to operate the franchise, complying with Bonchon's ownership requirements, and obtaining necessary certifications in safe food handling. The assignee will also need to execute a new Bonchon Franchise Agreement with terms and conditions that may differ from the original agreement.