KFC US LLC vs Bonchon Franchise Comparison

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

Start-Up Costs and Fees
 
KFC US LLC Franchise
Bonchon Franchise
Investment $1,008,550 - $2,771,500$503,879 - $1,099,004
Franchise Fee $45,000$40,000
Royalty Fee 4-5%3.75%- 4.75%
Advertising Fee 5%-
Year Founded 19302002
Year Franchised 19522002
Term Of Agreement 20 years10 years+5+5
Term Of Agreement 20 years10 years+5+5
Renewal Fee $4.9K-


Business Experience Requirements
 
KFC US LLC Franchise
Bonchon Franchise
Experience
  • Industry experience
  • General business experience
  • Marketing skills
    		• -

    Financing Options
     
    KFC US LLC Franchise
    Bonchon Franchise
      In-House/3rd PartyIn-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
     
    KFC US LLC Franchise
    Bonchon Franchise
    Training On-The-Job Training: 6 weeks Classroom Training: 2 days Four-week initial training at our headquarters in New York City and an intensive 5 days on-site training during the store opening
    Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform -
    Marketing National Media Social media SEO -
    Operations Franchisees required to buy multiple units/master licenses

    Absentee ownership of franchise is NOT allowed.

    		-

    Expansion Plans
     
    KFC US LLC Franchise
    Bonchon Franchise
    US Expansion YesYes
    Canada Expansion No-
    International Expansion YesYes

    Company Overviews

    About KFC US LLC

    His recipe is still a secret, but more than 2 billion of Colonel Harland Sanders' 'finger lickin' good' chicken dinners are served annually in more than 82 countries around the world. Nearly 50 years ago, Colonel Sanders set out to sell complete meals to time-strapped families, calling his home meal replacements 'Sunday Dinner, Seven Days a Week.' Acquired by PepsiCo in 1986, KFC is now a part of Yum! Brands Inc., which includes A&W, Long John Silver's, Taco Bell and Pizza Hut.

    The total investment necessary to begin operation of a newly constructed KFC outlet ranges from $1,442,600 to $2,771,550. This includes $45,000 to $50,000 that must be paid to KFCLLC or its affiliates.
    The total investment necessary to begin operation of a reopened or remodeled former KFC outlet, or converted KFC outlet ranges from $1,008,600 to $2,221,550. This includes $45,000 to $50,000 that must be paid to KFCLLC or its affiliates.
    KFCLLC also offers multi-unit development opportunities. The total investment necessary to begin exercising development rights is estimated to be $135,000 to $540,000 (based on the expectation that you will develop 3 to 12 outlets during the term of the development agreement), determined by multiplying the number of new outlets you agree to develop by $45,000, all of which must be paid to KFCLLC.
    The total investment necessary to begin operation of a KFC non-traditional outlet ranges from $241,100 to $996,000. This includes $12,100 to $17,100 that must be paid to the licensor or its affiliates.

    "Top   ""    "Entrepreneur

    #13 in Canada's Top franchises.
                              
    "franchiserankingscom"
    #26 on Franchise Rankings.com
    #24 in Franchise 500 for 2020.
    #25 in Franchise 500 for 2021.








    About Bonchon

    ""

    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.