Ranch One vs Bonchon Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Ranch One vs Bonchon including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Ranch One Franchise
Bonchon Franchise
Investment $170,400 - $461,000$503,879 - $1,099,004
Franchise Fee $30,000$40,000
Royalty Fee 6%3.75%- 4.75%
Advertising Fee 4%-
Year Founded 19932002
Year Franchised 19932002
Term Of Agreement 10 years10 years+5+5
Term Of Agreement 10 years10 years+5+5
Renewal Fee 75% of then-current fee-


Business Experience Requirements
 
Ranch One Franchise
Bonchon Franchise
Experience
  • Industry experience
  • General business experience
    		• -

    Financing Options
     
    Ranch One Franchise
    Bonchon Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/-
    Start-up Costs No/No-/-
    Equipment No/Yes-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    Ranch One Franchise
    Bonchon Franchise
    Training K-Tec is a 5-day training all Kahala franchisees receive and is the companion to brand specific in-store training. It introduces participants to the Kahala culture, level of support provided, and the roles and responsibilities for supporting franchisee and franchisor success. It provides exposure to basic business concepts such as customer service, profitability, quality assurance, inventory, purchasing and distribution plus: *A four week Manager Training Program *A new restaurant opening *Manuals and documentation *New product roll-outs *Staff technical trainingFour-week initial training at our headquarters in New York City and an intensive 5 days on-site training during the store opening
    Support

    When you join the Ranch 1 team, you receive the support provided by an organization that clearly knows what it's doing. Ranch 1 has developed an effective, systematic process to get our franchisees up and running quickly. That support includes: *Real estate guidelines. *Architectural, construction and engineering assistance. *A comprehensive training program. *A national purchasing program and equipment selection. *Ongoing advertising and marketing support. *Continued operational support and assistance. *Ongoing product research and development. *Quality control reviews and evaluations.

    		-
    Marketing Co-op advertising, Ad slicks, National media, Regional advertising-
    Operations 35% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 8

    Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators)

    		-

    Expansion Plans
     
    Ranch One Franchise
    Bonchon Franchise
    US Expansion -Yes
    Canada Expansion No-
    International Expansion YesYes

    Company Overviews

    About Ranch One

    Ranch One® is a regarded mark among the speedy administration eatery class. Famous for offering just premium quality items for over two decades, individuals perceive the quality connected with Ranch One and will probably be rehash clients as a result of it.

    Ranch1 is spreading its wings. Known as "The Best Grilled Chicken on Earth", zone designers and establishment administrators can now take an interest in a ground-floor development opportunity that offers awesome deals to-venture proportions and a portion of the best unit financial matters in the business.
    -Thorough preparing projects and bolster materials
    - Prototype store configuration arrangements and details for self-creating franchisees
    - On-going operational support
    - Continual item and menu advancement
    - Marketing and publicizing bolster materials
    As a component of Kahala Corp's arrangement of imaginative brisk serve eateries, Ranch1 is upheld by a forceful duty ensured to put it at the highest point of the fast food pecking request. The basic operation, highlighting restrictive formulas is set apart by rapid administration, a tactile driven environment in which visitors can see, smell and hear sustenances sizzling on open barbecues, and a captivating menu of uniquely arranged dishes offering an engaging and wonderful contrasting option to ordinary quick nourishments.

    About Bonchon

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    Bonchon Chicken is a global restaurant chain best known for its crunchy double-fried chicken, savory signature sauces, and unique pan-Asian menu.
    Founded in 2002 in South Korea, “Bonchon” means “my hometown” in Korean and represents the company’s mission and commitment to authentic, traditional ingredients and cooking techniques, ensuring the highest level of quality, flavor, and care with each dish.
    It is for these reasons, Bonchon was recognized by Business Insider in 2019 as “the gold standard for fried chicken,” beating out five major restaurant chains for “best chicken wings.” Bonchon was also recently named as a top-10 innovative restaurant in Fast Casual’s 2020 Top 100 Movers & Shakers,
    further solidifying Bonchon’s position as a leader within the industry.
    Today, Bonchon has over 340 locations worldwide, including more than 100 restaurants and franchise outposts across the United States.
    • Traditional sit-down: Restaurants provide a friendly, casual dining experience perfect for gathering with family or friends
    • Quick service / Fast Casual: Restaurants serve Bonchon to customers looking for express-style dining and to-go orders
    • Food Court Concept: Restaurants are streamlined and designed primarily for shopping malls and food courts
    The total investment necessary to begin operation of one Bonchon Business is from $503,879 to $1,099,004 (not including real property), including $55,754 that must be paid to the franchisor or its affiliate.
    The total investment necessary to begin operation as a franchisee under an Area Development Agreement is from $32,000 to $105,000 (assuming, for the low end of the range, 3 and, for the high end of the range, 10 Businesses, although this is not a maximum), including $30,000 to $100,000 that must be paid to the franchisor or its affiliate.

    #277 in Franchise 500 for 2021.  Not in Franchise 500 for 2020.