Bonchon Korean Fried Chicken

Korean fried chicken
FREE Franchise Guide!
Franchise 500 2023
2024 Franchise 500 Rank
#474 Ranked #428 last year
See the Full List
Initial investment
$203K - $1.2M
Units as of 2023
415 Increase 19.6% over 3 years

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.

Find Your Perfect Franchise

Company Overview

About Bonchon Korean Fried Chicken

Industry Food
Related Categories Chicken
Founded 2002
Parent Company Bonchon Franchise LLC
Leadership Amanda Millikan, VP, Development
Corporate Address 15660 Dallas Pkwy., #1150
Dallas, TX 75248
Social Facebook, Twitter, LinkedIn, Instagram

Business Overview

Franchising Since 2006 (18 years)
# of employees at HQ 50
Where seeking

This company is offering new franchises throughout the US.

This company is offering new franchises worldwide.

# of Units 415 (as of 2023)

Information for Franchisees

Here's what you need to know if you're interested in opening a Bonchon Korean Fried Chicken franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Information Circle
$35,000
Initial Investment Information Circle
$202,557 - $1,157,172
Net Worth Requirement Information Circle
$700,000
Cash Requirement Information Circle
$250,000
Veteran Incentives Information Circle
$10,000 off first-unit franchise fee
Royalty Fee Information Circle
5%
Ad Royalty Fee Information Circle
1.5%
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
Take Our Free Franchise Quiz!

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing Bonchon Korean Fried Chicken has relationships with third-party sources which offer financing to cover the following: startup costs, equipment

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training 65 hours
Classroom Training 51 hours
Ongoing Support
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Marketing Support
Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
Are exclusive territories available? Information Circle
Yes
Take our quick quiz to find your ideal franchise

Franchise 500 Ranking History

Compare where Bonchon Korean Fried Chicken landed on this year's Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Bonchon Korean Fried Chicken ranked on other franchise lists? Find out below.

Sign Up for Our Franchise Newsletter

Stay up to date on the latest news and trends affecting the franchise industry.

Related Franchises

Are you eager to see what else is out there? Browse franchises that are similar to Bonchon Korean Fried Chicken.

Related Franchise Content

Catch up on the latest franchise news, trends, and more.

Franchise

This Sleep Company Is Combining 2 Key Factors to Transform the $40 Billion Mattress Industry — And It Just Made Another Major Move

Explore how Amerisleep's unique approach to franchising — with low startup costs and no inventory requirements — sets a new standard in the mattress market.

Franchise

The Top Franchise Brands Growing Globally

While our main Fastest-Growing Franchises list focuses on North American growth, more and more brands are looking to grow worldwide. These are the 25 that had the greatest franchise growth outside the U.S. and Canada from July 2022 to July 2023.

Franchise

This Chicken Chain Opens a New Location Every 3.5 Hours — Thanks in Part to an Unusual Menu Strategy

With locations spanning 149 countries, KFC has cemented its status as the fastest-growing retail brand under the Yum! Brands umbrella and a key driver of its overall success.

Franchise

These Women-Founded Franchises Surpassed a Major Milestone — Against the Odds. Here's How They Did It.

Discover the stories of female trailblazers who not only founded but propelled successful businesses beyond 100 franchises — a few of them several times over — reshaping industries and leaving an indelible mark.

Franchise

From Global Giants Like Taco Bell and McDonald's to Emerging Brands Like Crumbl, These Are The Top 15 Fast Food Franchises

Fast food/QSR franchises offer significant entrepreneurial opportunities, including extensive resources, support systems and brand recognition provided by their parent companies.

Franchise

It's Equal Pay Day — These 5 Franchises Have Made Public Pledges for Pay Equality.

These efforts by franchises to address the Gender Wage Gap are vital steps towards creating a more inclusive and fair workplace, highlighting the broader movement towards gender equality in the corporate world.

See more franchise content
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