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Updated RecentlyWings Over... vs Bonchon Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Wings Over... vs Bonchon including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $207,875 - $493,875 | $503,879 - $1,099,004 |
| Franchise Fee | $20,000 | $40,000 |
| Royalty Fee | 4% | 3.75%- 4.75% |
| Advertising Fee | - | - |
| Year Founded | 2000 | 2002 |
| Year Franchised | 2002 | 2002 |
| Term Of Agreement | - | 10 years+5+5 |
| Term Of Agreement | - | 10 years+5+5 |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| Receivables | No/Yes | -/- |
| Payroll | No/Yes | -/- |
Training & Support |
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| 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 | - | - |
| Marketing | - | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | - |
| International Expansion | No | Yes |
Company Overviews
About Wings Over...
First off; there are much easier ways to make money than owning a Wings Over (or any restaurant, for that matter). This is extremely hard work, but in the end it's very rewarding. You will work long days and, in the beginning, go weeks without a day off. You will get dirty and tired. But once your first store matures, you will be the best at something in your area and that is an amazing feeling!
The total investment necessary to begin operation of a Wings Over
franchise is $207,875 to $473,875. This includes $30,000 that must be
paid to the franchisor or their affiliate.
If you enter into a development agreement for the right to develop three Wings Over restaurants in a specified development area, the total investment necessary to begin operation of your first Wings Over restaurant is $227,875 to $493,875. This includes $50,000 that must be paid to the franchisor or their affiliate. If you commit to developing more than three restaurants, you will pay us $10,000 for each additional restaurant that you commit to developing.
If you enter into a development agreement for the right to develop three Wings Over restaurants in a specified development area, the total investment necessary to begin operation of your first Wings Over restaurant is $227,875 to $493,875. This includes $50,000 that must be paid to the franchisor or their affiliate. If you commit to developing more than three restaurants, you will pay us $10,000 for each additional restaurant that you commit to developing.
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 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.