Golden Chick vs Bonchon Franchise Comparison

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

Start-Up Costs and Fees
 
Golden Chick Franchise
Bonchon Franchise
Investment $440,950 - $1,348,500$503,879 - $1,099,004
Franchise Fee $30,000$40,000
Royalty Fee 4%3.75%- 4.75%
Advertising Fee 1%-
Year Founded 19672002
Year Franchised 19722002
Term Of Agreement 20 years10 years+5+5
Term Of Agreement 20 years10 years+5+5
Renewal Fee $10K-


Business Experience Requirements
 
Golden Chick Franchise
Bonchon Franchise
Experience
  • General business experience
  • Marketing skills
    		• -

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

    Training & Support
     
    Golden Chick Franchise
    Bonchon Franchise
    Training On-The-Job Training: 140 hours Classroom Training: 40 hours 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 Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software -
    Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media Email marketing Loyalty program/app -
    Operations 28% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 12 - 15

    Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

    		-

    Expansion Plans
     
    Golden Chick Franchise
    Bonchon Franchise
    US Expansion YesYes
    Canada Expansion No-
    International Expansion YesYes

    Company Overviews

    About Golden Chick

    Howard Walker opened the first Golden Fried Chicken location in San Marcos, Texas, in 1967. The restaurants, which served fried chicken, chicken tenders, mashed potatoes, biscuits and other favorites, quickly spread through Texas and Oklahoma. In 1996, the name was changed from Golden Fried Chicken to Golden Chick. The conversion included an image update and the addition of new menu items, such as Golden Roasted Chicken and a variety of new side items to go along with all the existing menu item favorites. Free-standing and co-branded units offer dine-in, takeout, drive-thru, catering and optional delivery service.

    The Original & Still the Best.
    Veteran Incentives  33.33% off franchise fee


    "Entrepreneur
    #334 in Franchise 500 for 2020.
    #302 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.