Franchises · 2026 FDD · Wisconsin DFI filing 640293
Bonchon franchise cost, unit revenue and closures
Opening a Bonchon cost $1,000,886 to $1,306,126 in the 2026 FDD; the franchisor's revenue disclosure has no single unit figure; 17.9% of franchised units closed over three years.
Franchisor: Bonchon Franchise LLC. FDD issued 2026-03-05, amended 2026-09-04. Fiscal year end 2025-12-31. Figures re-found on the cited page 2026-11-03.
What a unit costs to open
one Dine-In Restaurant; a Fast Casual Restaurant is $772,536 to $1,073,926 (page 30) and a Delivery and Carryout Only Restaurant $588,936 to $833,376 (page 32).
What a unit pays the franchisor
| Initial franchise fee | $35,000 | Item 5, p. 6 |
|---|---|---|
| Royalty | Continuing Royalty 5.0% of weekly Gross Revenues after the first twelve months of operation (15% while in default) | Item 6, p. 8 |
| Advertising fund | System Brand Fund Contribution currently 1.5% of Gross Revenues, up to 4.0% | Item 6, p. 8 |
single Bonchon Business; area developers pay the fee for the first unit plus a $10,000 deposit per additional unit.
What a unit sells
Item 19 is optional and is the franchisor's own representation. It is shown here as filed, with the franchisor's measure, sample and period, and nothing is estimated where it is missing.
Item 19 present, no single unit figure. 2025 annual Gross Revenues of mature franchised restaurants by concept: Dine-In (96) average $1,595,312, median $1,465,170; Fast Casual (26) average $1,043,160, median $1,013,505; Remote Kitchen (3) average $929,256, median $1,074,446; Delivery and Carryout Only (3) average $939,251, median $702,988; no all-concept row (Item 19, p. 86, 87).
Sample: 128 of the 148 franchised restaurants open at 2025-12-31 that operated the full 2025 calendar year; 34 restaurants open less than twelve months in 2025 are excluded (16 opened during the year, 2 relocated, 4 temporarily closed, and the rest permanently closed). Dine-In: 39 (41%) at or above average, high $4,129,765, low $429,352. Period: 2025 calendar year.
Revenue to investment
Undefined: Item 19 is split by restaurant concept with no combined figure.
How many units open and close
| Franchised units | 2023 | 2024 | 2025 |
|---|---|---|---|
| Start of year | 117 | 127 | 143 |
| Opened | 14 | 20 | 19 |
| Terminated | 2 | 0 | 0 |
| Not renewed | 1 | 0 | 1 |
| Reacquired by franchisor | 0 | 1 | 0 |
| Ceased, other reasons | 1 | 3 | 13 |
| End of year | 127 | 143 | 148 |
| Company-owned, end of year | 4 | 4 | 3 |
Item 20, Table 1 p. 90; Table 3 totals p. 94.
Closures are the franchisor's Item 20 counts of units terminated, not renewed, or ceased for other reasons, summed over 2023–2025 and divided by franchised units at the start of 2023. Units the franchisor reacquired are not closures. This is an Item 20 count, not a failure rate.
Source and method
Every figure above comes from the Bonchon Franchise Disclosure Document issued 2026-03-05 and amended 2026-09-04, as filed with the Wisconsin Department of Financial Institutions (filing 640293, registry record). The PDF is the franchisor's and is not hosted here; the item and page beside each figure is where to check it. Item 7 and Item 20 tables were read cell by cell; Item 19 was read by hand; each Item 20 year was checked to sum (start + opened − exits = end) before it was recorded.
Informational only, not professional, legal or investment advice. Unitnomics computes from the filing and does not advise on, rank, or refer to any franchise. Last reviewed: November 2026.