Bonchon Korean Fried Chicken logo

Bonchon Korean Fried Chicken

Korean fried chicken

Investment

$775,036

Initial Franchise Fee

$35,000

Units

482

Growth Rate

+23.6%

Overview About Investment Territories Support Operations Ranking History

Overview

Industry Food
Founded 2002
Franchising Since 2006
Parent Company Bonchon Franchise LLC
Leadership Suzie Tsai, CEO
# of Employees at HQ 38

Units and Growth Chart

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About Bonchon Korean Fried Chicken

Many people love to sink their teeth into crunchy pieces of fried chicken dripping with succulent juices. Bonchon Korean Fried Chicken understands the love for good fried chicken with a memorable crunch to boot. This franchise with South Korean roots was born from the desire of Jinduk Seo to share flavorful chicken recipes with the world in 2002.

For the love of South Korean food, Jinduk traveled to New York in 2006 to open his first restaurant after running 20 restaurants in his home country. Jinduk single-handedly created and perfected his signature sauces and chicken recipe, attempting to give them that special touch and taste. Bonchon Korean Fried Chicken is hand-battered, double-fried, and hand-brushed with their sauces for the crunch that the company prides its chicken on.

Since beginning to franchise in 2006, Bonchon Korean Fried Chicken has expanded to over 100 U.S. franchises to go along with more than 250 international locations.

Why You May Want to Open a Bonchon Korean Fried Chicken Franchise

When you open a Bonchon Korean Fried Chicken franchise, you will own part of a dream that led one man to create signature Asian dishes in the U.S. The franchisor offers varied dining experiences, including the traditional sit-down, sports bar, and quick-service restaurants appealing to families, corporates, and busy professionals alike.

A franchisee with Bonchon Korean Fried Chicken must be ready to be the principal in charge of the daily running of the restaurant. You have to be hands-on; this opportunity may not work for you if you want a passive investment. While any previous restaurant and hotel experience may not be necessary to become a franchisee, it may come in handy. 

Bonchon Korean Fried Chicken has been ranked in Entrepreneur’s Franchise 500 based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.

What Might Make a Bonchon Korean Fried Chicken Franchise a Good Choice?

Bonchon Korean Fried Chicken will afford its franchisees with on-site and initial training to bring you up to speed with the company’s operations. Additionally, you will receive the right to use the franchisor’s logos and signage at your location. You will also access a location setup package that includes layout, site assistance, approval, and interior design. For your daily operations, a cooking and operations manual will be provided.

To be part of the Bonchon Korean Fried Chicken franchise team, you should make sure that you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements.

How To Open a Bonchon Korean Fried Chicken Franchise

As you decide if opening a Bonchon Korean Fried Chicken franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Bonchon Korean Fried Chicken franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

Before making any financial commitment or signing an agreement with Bonchon Korean Fried Chicken, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Bonchon Korean Fried Chicken franchising team questions. 

A typical Bonchon Korean Fried Chicken franchise agreement runs for ten years. Franchisees may be allowed to renew their agreement if they meet the franchisor’s requirements.

Investment Details

Initial Franchise Fee $35,000
Initial Investment $775,036 - $1,312,626
Cash Requirement
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Financing
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Available Territories

Franchising opportunities available in the following regions

United States International

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Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training
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Classroom Training
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Ongoing Support

Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection

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Operations & Requirements

Key operational details and requirements for running this franchise

Is absentee ownership allowed?
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Can this franchise be run from home/mobile unit?
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Can this franchise be run part time?
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# of employees required to run
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Are exclusive territories available?
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Veterans program
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Ranking History

Bonchon Korean Fried Chicken performance in the Franchise rankings over recent years

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022