What is Bonchon franchise?
Bonchon franchise is a huge chain of Asian food restaurants. There are 347 units operating under the brand name including 98 franchises in the USA. The business was established in 2002 in South Korea.
What is item 19 in The Bonchon Korean fried chicken franchise disclosure document?
Bonchon Korean Fried Chicken offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system. Is Bonchon Korean Fried Chicken a Master Franchise Opportunity?
Did you know Bonchon has free delivery?
That’s right, in honor of National Fried Chicken Day AND National Chicken Wing Day, we’re celebrating with FREE delivery all month long for orders through Bonchon.com and the Bonchon USA app. You can order as many extra crunchy wings, rice, apps and entrees that your heart desires and they will be delivered right to your door for FREE!
What is the Passion of Bonchon?
Passion. Success. Chicken. Born in Busan, South Korea in 2002 by Jinduk Seo, Bonchon "My Hometown" in Korean is the passion of Mr. Seo who dreamt of sharing the favorite flavors of his hometown with the world. For two years, Mr. Seo obsessively perfected Bonchon’s signature sauces and fried chicken.
How much does it cost to start a Bonchon?
Total Investment Breakdown The initial franchise fee to open a Bonchon store is $40,000, and the initial investment varies from $483,245-$1,187,229 depending on numerous factors, such as restaurant size and location to name a few.
Who is the owner of Bonchon?
Visionary entrepreneur, Scott Tan aimed to revolutionize the food industry landscape in the Philippines. For this reason, he brought BonChon to the country and opened the first BonChon store at Ayala Triangle Garden in 2010.
What is the best seller of Bonchon?
Best SellerChapchae. From ₱150.00 PHP. ... Chocolate Bingsu. ₱122.00 PHP. ... Mango Bingsu. ₱122.00 PHP. ... Strawberry Oreo Bingsu. ₱122.00 PHP. ... Loaded Bibimbowl w/ Soup. From ₱265.00 PHP. ... Original Bibimbowl Meal w/ Soup. From ₱217.00 PHP. ... Fiery Spice Bibimbowl Meal w/ Soup. From ₱217.00 PHP. ... Beef Stew Meal. From ₱225.00 PHP.More items...
Is Bonchon publicly traded?
Korean fried chicken franchise Bonchon International Inc. is planning to go public in the U.S. as early as 2024.
What does Bonchon mean in Spanish?
fun-loving personWord forms: bonchón, bonchona. masculine noun/feminine noun. fun-loving person.
Is Bonchon real Korean food?
Bonchon Chicken (Korean: 본촌치킨; Hanja: 本村치킨) is a Dallas-based South Korean international fried chicken restaurant franchise.
What kind of rice does Bonchon use?
Jasmine riceA traditional wok-prepared dish with your choice of our famous Soy Garlic chicken, Spicy chicken, or marinated ribeye with Jasmine rice, fresh vegetables, and fried egg topped with sesame seeds and a cucumber garnish.
What is Bonchon famous for?
Bonchon, which translates from Korean to English as “my hometown,” is known for its signature Korean fried chicken that is hand battered, double-fried to achieve its signature, crave-worthy crunch. Every piece of chicken is hand brushed to make each bite perfectly flavorful.
What is the original flavor of Bonchon?
The start of a delicious adventure. Bonchon's original soy garlic and spicy sauce, which to this day is made in Korea and shipped worldwide.
How many Bonchon are there in the US?
Bonchon now has 336 outlets globally including 87 units in operation in the U.S. with 36 or so coming in 2019. In 2018, it expanded by 25 stores. Most Bonchon's are franchised including 84 of the 87 in the U.S. Bonchon launched in Busan, South Korea in 2002, but expanded overseas quickly.
How many Bonchon are there in the world?
Sauce is hand brushed on every piece of chicken and made to order. Sauces include Spicy and Soy Garlic. Growing restaurant empire of 370+ locations world-wide with 114+ locations in the U.S.
How many locations does Bonchon chicken have?
Bonchon has over 350 locations worldwide including Thailand, Philippines, Singapore, Cambodia, Myanmar, and Vietnam.
Who is Scott tan?
Scott Tan helped developed an artificial synapse made of single-crystalline materials as part of an effort to develop neuromorphic computers - computers with hardware that mimics the human brain.
Where did Bonchon originated?
Busan, South KoreaBonchon launched in Busan, South Korea in 2002, but expanded overseas quickly. It opened its first American outlet in Fort Lee, New Jersey in 2006 and then moved into Manhattan soon afterwards. Then it spread to Massachusetts, Virginia, California, Texas and others.
What nationality is Bonchon?
South KoreaBorn in Busan, South Korea in 2002 by Jinduk Seo, Bonchon "My Hometown" in Korean is the passion of Mr.
Where was Bonchon started?
South KoreaBonchon Chicken / Place founded
How much does it cost to open a bonchon?
The initial license fee for a Bonchon franchise is $40,000. This is the upfront fee that must be paid when opening a Bonchon franchise. However, the more businesses you develop the cheaper the initial fee is for each business as outlined below.
How much money does Bonchon make in 2020?
In 2020, Bonchon net income was $1.74 million, but their cash and cash equivalents were almost $ 2.7 million at the end of 2020 which was about the same as the start of 2020. Bonchon used about $1 million in investing in property and equipment, an increase of almost 100% in investing activities from the year before indicating their mission of expanding their overall business reach.
How many Bonchon restaurants are there in 2020?
Although there were a total of 98 and 104 franchised Bonchon Restaurants operating in 2019 and 2020, respectively, 78 and 67 franchised Bonchon Restaurants qualified as Mature Franchised Restaurants during such reporting years and were included in the table.
What is a bonchon?
Bonchon franchise is a fast casual service restaurant that specializes in Korean-style fried chicken and a variety of savory Asian fusion dishes. It’s known for its signature fried chicken and prepared by using a double-frying method that was concocted by its founder Jinduk Seh. Formally known as Bonchon Restaurant Company, it was formed in Korea in November 2002 and incorporated in Korea in June 2009, when its name changed to Bonchon Inc.
Is Bonchon cheaper than KFC?
Bonchon competes with popular fast-food chains like KFC, but Bonchon has a higher price point than KFC with average check around $31 a person but can include two people on the ticket. Bonchon appeals to families and friends who come together to enjoy the atmosphere and can also enjoy alcohol with their meal.
Who is the CEO of Bonchon?
Bonchon U.S.A., Inc. was organized in June 2011 and the principal business address is in Dallas Texas. The CEO is Flynn Dekker and has held this title since May 2019. Before Bonchon, Mr. Dekker served as the Chief Marketing Officer of Wingstop Inc. from 2014 to 2019 in Dallas, Texas.
Is Bonchon a fast food restaurant?
Bonchon is a fast casual service restaurant that uses its international presence and almost 20 years of experience in the Korean Food industry to provide customers a great experience. Bonchon is currently in a competitive field in the fried chicken industry, but uses its higher price point and unique cuisine to their advantage by attracting a different market of people that may like some variety instead of fast food chains like Chick Fil A, KFC, or other chains in the Chicken Industry. We strongly recommend you speak to at least 5 Bonchon franchisees to better understand the financials ( see questions to ask ).
Where is Bonchon from?
Born in Busan, South Korea in 2002 by Jinduk Seo, Bonchon "My Hometown" in Korean is the passion of Mr. Seo who dreamt of sharing the favorite flavors of his hometown with the world. For two years, Mr. Seo obsessively perfected Bonchon’s signature sauces and fried chicken.
What does Bonchon mean?
Bonchon means “My Hometown” in Korean and everyday our team works hard to make our guests feel like they’re part of our Korean hometown. We wouldn’t be where we are today if it wasn’t for our hardworking Bonchon Family. From our franchisees to managers to our cooks in the kitchen, we are so proud of their hard work and dedication every single day. We’re excited to announce that everyone’s hard work is being noticed.
Where is Bonchon located?
Based in the heart of New York City, Bonchon is a franchise specialized in Korean-style fried chicken and other signature Asian dishes. Our brand has traveled far and wide from Busan, South Korea, to become the internationally loved brand it is today. After running more than 20 Bonchon restaurants since 2002 in South Korea, founder Jinduk Seh traveled overseas in 2006 to open the first U.S. location in Leonia, New Jersey. Not long after that, Bonchon entered the heart of New York City and planted its headquarter store in the heart of Manhattan. Our delicious and different kind of fried chicken quickly attracted a very dedicated following. Word-of-mouth alone helped Bonchon expand throughout America in areas such as Massachusetts, Virginia, California, and Texas. Bonchon has risen to the level of global phenomenon with stores in the Philippines, Singapore, Indonesia, Thailand, Cambodia and soon to open in UAE, Bahrain and Vietnam.
Why Bonchon?
In addition to excellent food, Bonchon offers a variety of dining experiences: sports bar, traditional sit-down and quick service. The traditional sit-down restaurant provides a friendly, casual dining experience, perfect for gathering with family or friends. Our sports bar restaurants offer a full bar and televisions for broadcasting games. Quick servicerestaurantsserve Bonchon to customers looking for express-style dining. For the ultimate convenience, most of ours stores also offer take-out and delivery services.
What is Bonchon fried chicken?
Bonchon specializes in Korean-style fried chicken and other signature Asian dishes. Our delicious and different kind of fried chicken has quickly attracted a very dedicated following. We look for hard-working individuals that share our passion to join our global expansion and success.
Where is Bonchon chicken made?
Our sauces are made at the same factory in South Korea, so every customer experiences the same authentic taste, no matter where they are.
What is franchise fee?
The franchise fee earns you initial and on-site training, the right to use our signage and logos, site and layout assistance and approval, and interior design package, as well as a cooking manual and operations manual.
Can you sell items on Bonchon?
You may only offer and sell items that are approved as part of our BonChon system.
Is Bonchon a franchise?
Bonchon is listed in the Franchise Directory under the Food category. It's also listed in the section for Franchises Under $200,000 .
How many Bonchon restaurants will be open in 2020?
2. The growth continues in 2020 as the brand had already opened its first restaurant of the new year and plans to match or exceed the 20% growth target for the year. Bonchon is well on its way to reaching the five-year goal of 500 domestic restaurants and 1,000 total restaurants around the world.
Where is Bonchon located?
13. Bonchon was founded in 2002 by Jinduk Seh in Busan, South Korea. The restaurant specializes in offering its take on Korean fried chicken, which is crispier than American fried chicken and infused with flavorful sauces. While Korean fried chicken is available from many other restaurants around Korea, Seh worked hard to develop his own recipe.
What is the section II of Bonchon?
Section II – Estimated initial investment for a Bonchon franchise, based on Item 7 of the company’s 2020 FDD. Section III – Initial franchise fee, royalty fee, marketing fee, and other fees for a Bonchon franchise, based on Items 5 and 6 of the company’s 2020 FDD. Section IV – Number of franchised and company-owned Bonchon outlets at the start ...
When is Bonchon's dipping sauce?
10. In late July 2020, Bonchon announced that it would treat customers to a special, limited-edition Cucumber Wasabi Ranch Dipping Sauce available for one day only on July 29, 2020 – National Chicken Wing Day. Bonchon’s first-ever dipping sauce accompanied all fried chicken and chicken wing orders at over 100 Bonchon U.S locations, while supplies lasted.
What sauces does Seh make for Bonchon chicken?
After he was satisfied with the chicken’s texture, Seh developed two sauces that he felt embodied the flavors of Korea: Soy Garlic and a unique Spicy sauce. In addition to Korean fried chicken, Bonchon also offers other popular Korean dishes as well as some Asian fusion items.