Buffalo Wild Wings vs Bonchon Franchise Comparison

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

Start-Up Costs and Fees
 
Buffalo Wild Wings Franchise
Bonchon Franchise
Investment $2,695,100 - $4,244,300$503,879 - $1,099,004
Franchise Fee $25,000$40,000
Royalty Fee 5%3.75%- 4.75%
Advertising Fee 3.25%-
Year Founded 19822002
Year Franchised 19912002
Term Of Agreement 10 years10 years+5+5
Term Of Agreement 10 years10 years+5+5
Renewal Fee $5K-


Business Experience Requirements
 
Buffalo Wild Wings Franchise
Bonchon Franchise
Experience
  • General business experience
  • Track record of success
    		• -

    Financing Options
     
    Buffalo Wild Wings Franchise
    Bonchon Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/-
    Start-up Costs No/No-/-
    Equipment No/No-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    Buffalo Wild Wings Franchise
    Bonchon Franchise
    Training -Four-week initial training at our headquarters in New York City and an intensive 5 days on-site training during the store opening
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives-
    Marketing Co-op advertising, Ad slicks, National media, Regional advertising-
    Operations Franchisees required to buy multiple units/master licenses; 50% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 40 - 60

    Absentee ownership of franchise is NOT allowed. (80% of current franchisees are owner/operators)

    		-

    Expansion Plans
     
    Buffalo Wild Wings Franchise
    Bonchon Franchise
    US Expansion YesYes
    Canada Expansion No-
    International Expansion YesYes

    Company Overviews

    About Buffalo Wild Wings

    Buffalo Wild Wings got its start in 1981 after Jim Disbrow and Scott Lowery moved from Buffalo, New York, to Kent, Ohio. Unable to find authentic Buffalo-style chicken wings in their new town, they decided to open up their own restaurant. Originally called Buffalo Wild Wings & Weck (see Kummelweck) from which the abbreviation BW3 was created, the restaurant became a franchise with over 350 locations across most states of the U.S. The company later changed its name to Buffalo Wild Wings and is no longer uses the short name BW3. The restaurant's theme is a sports bar / restaurant, and each location features multiple large screen televisions that are viewable from all seats. All locations also have game consoles devoted to NTN Trivia. Buffalo Wild Wings is best-known for its buffalo wings with 12 signature sauces. They also have a full menu featuring salads, appetizers, burgers, and specialty items.

    United States Franchising

    We require that our U.S. franchise candidates have a minimum of USD 750,000 in liquid assets and a net worth of USD 1.5 million. Additionally, there is a minimum commitment to develop at least 2 restaurants.

    International Franchising

    We require that our international franchise candidates have a minimum of USD 5 million in liquid assets and net worth of USD 10 million. Additionally, there is a minimum commitment to develop at least 10 restaurants.

    The total investment necessary to begin operation of a Buffalo Wild Wings Sports Bar franchise ranges from $2,695,100 to $4,244,300. This includes $10,000 to $55,000 that must be paid to the franchisor or an affiliate.
    If you sign an Area Development Agreement to develop multiple Buffalo Wild Wings Sports Bars, the total investment necessary to begin operation under the Area Development Agreement is $10,000 to $300,000. This includes $10,000 to $30,000 that must be paid to the franchisor or affiliate.

    #159 in Franchise 500 for 2020.



    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.