Chick-fil-A vs Bonchon Franchise Comparison

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

Start-Up Costs and Fees
 
Chick-fil-A Franchise
Bonchon Franchise
Investment $582,360 - $2,025,400$503,879 - $1,099,004
Franchise Fee $10,000$40,000
Royalty Fee -3.75%- 4.75%
Advertising Fee --
Year Founded 19652002
Year Franchised 19672002
Term Of Agreement -10 years+5+5
Term Of Agreement -10 years+5+5
Renewal Fee --


Business Experience Requirements
 
Chick-fil-A Franchise
Bonchon Franchise
Experience

*Looking for a full-time, hands-on business opportunity. *Have a proven track record in business leadership. *Have successfully managed your personal finances. *Are a results-oriented self-starter interested in growing a business. *Are prepared to have no other active business venture.

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Financing Options
 
Chick-fil-A Franchise
Bonchon Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Chick-fil-A 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 --
Marketing --
Operations Open Monday to Saturday Closed Sundays-

Expansion Plans
 
Chick-fil-A Franchise
Bonchon Franchise
US Expansion -Yes
Canada Expansion --
International Expansion -Yes

Company Overviews

About Chick-fil-A

It all started in 1946 when Truett Cathy opened his first restaurant, The Dwarf Grill, in Hapeville, Georgia. Credited with inventing the boneless breast of chicken sandwich, Truett founded Chick-fil-A, Inc. in the early 1960's and pioneered the establishment of restaurants in shopping malls with the opening of the first Chick-fil-A Restaurant at a mall in suburban Atlanta in 1967. Since then, Chick-fil-A has steadily grown to become the second largest quick-service chicken restaurant chain in the United States. With over 1565 locations in 39 states and annual sales of more than $3.5 billion, Chick-fil-A is still privately held and family-owned. With 43 consecutive years of positive sales growth, Chick-fil-A has set itself apart by pioneering innovations and delicious products, including the ever-popular Chick-fil-A Chicken Sandwich and most recently the new Chick-fil-A Spicy Chicken Sandwich. The Chick-fil-A franchise opportunity represents an exceptional offering in the quick-service restaurant industry. For an initial financial commitment of $10,000 for franchise agreements with an effective date after December 31, 2014, selected franchisees (who we call Operators) are granted the rights necessary to operate a franchised Chick-fil-A Restaurant business. Effective January 1, 2015, each franchised Operator will have the option to transfer his/her rights and interests under the franchise agreement to a business entity formed and organized by the franchised Operator for the purpose of owning and operating his/her franchised Chick-fil-A restaurant business. The Chick-fil-A franchise opportunity requires that the individual be free of any other active business ventures and operate the Restaurant on a full-time, hands-on basis. Chick-fil-A Operators must successfully complete an extensive, multi-week training program prior to commencing operation of a franchised Chick-fil-A Restaurant business. With additional development courses and franchise support available, Chick-fil-A Operators are equipped to handle decisions and reap the rewards of a challenging business.

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#14 on Franchise Rankings.com

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.