Commercial Capital Training Group vs Bonchon Franchise Comparison

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

Start-Up Costs and Fees
 
Commercial Capital Training Group Franchise
Bonchon Franchise
Investment $25,000 - $100,000$503,879 - $1,099,004
Franchise Fee N/A$40,000
Royalty Fee -3.75%- 4.75%
Advertising Fee 4% local-
Year Founded 20092002
Year Franchised 20092002
Term Of Agreement -10 years+5+5
Term Of Agreement -10 years+5+5
Renewal Fee --


Business Experience Requirements
 
Commercial Capital Training Group Franchise
Bonchon Franchise
Experience Fundamentally we are looking for franchisees with a proven business track record who are looking for an exciting opportunity to build a successful business as part of a leading brand. We also require a positive attitude, excellent communication skills, tolerance, a passion for excellent service and a key understanding of the need to follow our system. A good sense of humour will also help! We're looking for franchisees who have: GOOD BUSINESS TRACK RECORD. THE PASSION. THE SKILL. A POSITIVE ATTITUDE. THE CHARACTER. TRUST & RESPECT. The financial requirements.-

Financing Options
 
Commercial Capital Training Group Franchise
Bonchon Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Commercial Capital Training Group Franchise
Bonchon Franchise
Training

We assist the new operator in the actual opening and during the critical early days. Product and operations training is provided and supported by a comprehensive series of operating procedures manuals, covering standard operations, health, hygiene and safety, training, marketing and finance.

Four-week initial training at our headquarters in New York City and an intensive 5 days on-site training during the store opening
Support

On-going advice and Field Agents of the company, including equipment maintenance and unit servicing, provide support.

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Marketing

The company co-ordinates a central advertising and marketing operation, the scale which increases in line with the growth in Southern Fried Chicken numbers. Our strategy concentrates on reaching new customers through emphasising our major competitive points of difference resulting from our unique product range combination, and our tried and tested product quality formula. This is achieved through campaigns in newspapers, radio spots, direct mail pieces and product-sponsored promotions. We recommend that 4% of the turnover is spent on local marketing and promotion for the store.

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Operations - Business can be run from home. - Business can be run part-time. -

Expansion Plans
 
Commercial Capital Training Group Franchise
Bonchon Franchise
US Expansion YesYes
Canada Expansion --
International Expansion NoYes

Company Overviews

About Commercial Capital Training Group

Millions upon millions of small businesses cannot access capital. The statistics don’t lie: The key facts prove why this industry is one of the most lucrativ­e industries to be in because of what you’ll be able to provide. From figures taken in 2006 when the economy was good, the fact is this problem always exists with very few people knowing what to do... until they meet you. With your unique and complete business model representing a multitude of innovative capital solutions from lenders that can approve a majority of what banks turn down, your potential client base is virtually unlimited with very little competition. 
Our one-of-a-kind training program allows you to successfully enter the lucrative world of commercial financing. Work wherever you want, whenever you want in this recession proof industry while earning an unlimited income.

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.