Who wholly owns Bonchon USA?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
We are directly wholly owned by Bonchon U.S.A., Inc. ("Bonchon USA"), a New York corporation formed in December, 2006 with a principal business address at 15660 North Dallas Parkway, Suite 1150, Dallas, TX 75248. Bonchon USA is wholly owned by Bonchon International. Bonchon International is majority-owned and controlled by BPlus Investment Holdings Co., Ltd. ("VIG New Co."), a Korean Limited Company formed in December, 2018 with a principal business address at 16th fl. AIA Tower 16, Tongil-ro 2-gil, Jung-gu, Seoul, Republic of Korea. VIG New Co. is ultimately owned and controlled by VIG Private Equity Fund III, a Korean company with a principal address the same as VIG New Co., which is operated by VIG Partners LLC, a Korean limited liability company with a principal business address the same as VIG New Co. Each of Bonchon USA, Bonchon International, VIG New Co., VIG Private Equity Fund III, and VIG Partners LLC has never offered franchises for this or any other type of business.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 8–10)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, Bonchon U.S.A., Inc. is directly wholly owned by Bonchon International. Bonchon USA was formed in December 2006 and has a principal business address at 15660 North Dallas Parkway, Suite 1150, Dallas, TX 75248. Bonchon International is majority-owned and controlled by BPlus Investment Holdings Co., Ltd. ("VIG New Co."), a Korean Limited Company formed in December 2018. VIG New Co. is ultimately owned and controlled by VIG Private Equity Fund III, which is operated by VIG Partners LLC. These entities have not offered franchises for this or any other type of business.
This ownership structure indicates that while Bonchon USA directly manages the Bonchon franchise in the United States, the ultimate control and financial interest lie with Bonchon International and its parent companies based in South Korea. This is a common arrangement for international franchises, where a domestic entity is created to manage operations within a specific country, while the parent company retains overall ownership and strategic direction.
For a prospective franchisee, this information is important for understanding the overall corporate structure and the potential influence of the parent company on the Bonchon franchise system. It also highlights the international scope of the Bonchon brand and the potential for cross-border collaboration and support. Franchisees may want to inquire about the specific roles and responsibilities of each entity within the ownership structure to better understand the decision-making process and the resources available to them.