Wings Etc. vs Bonchon Franchise Comparison

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

Start-Up Costs and Fees
 
Wings Etc. Franchise
Bonchon Franchise
Investment $351,200 - $1,669,369$503,879 - $1,099,004
Franchise Fee $39,500$40,000
Royalty Fee 5%3.75%- 4.75%
Advertising Fee 1%-
Year Founded 19942002
Year Franchised 20052002
Term Of Agreement 10 years10 years+5+5
Term Of Agreement 10 years10 years+5+5
Renewal Fee --


Business Experience Requirements
 
Wings Etc. Franchise
Bonchon Franchise
Experience --

Financing Options
 
Wings Etc. Franchise
Bonchon Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Wings Etc. Franchise
Bonchon Franchise
Training Wings Etc. operates 7 (soon to be 8) company-owned stores, and has real-world, day-to-day operational and business experience driving sales for our concept. This level of investment and commitment has resulted in a franchise training program that is built upon continually-improving best practices, excellent documentation, extensive daily, weekly and monthly forms, and deep industry experience in national chain restaurants among our trainers. Our training program includes up to six weeks of comprehensive, hands-on training for you and your management staff.Four-week initial training at our headquarters in New York City and an intensive 5 days on-site training during the store opening
Support Initial support includes site selection assistance, financing consultation, and hands-on training at a certified training site, where you'll observe and participate in the day-to-day operation of a successful Wings Etc. location.-
Marketing --
Operations

25% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 50. Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators).

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Expansion Plans
 
Wings Etc. Franchise
Bonchon Franchise
US Expansion YesYes
Canada Expansion --
International Expansion -Yes

Company Overviews

About Wings Etc.

Founded in 1994 by Jim Weaver in the South Bend, Indiana area, Wings Etc. is a family-friendly Grill & Pub, with a diverse menu featuring our Award-Winning Jumbo Buffalo Wings, Ribs, Burgers, Sandwiches, Subs, Wraps, Flatbread, Salads, Kids Meals, Cold Beer and other drinks, great atmosphere, and that good-old-fashioned "vibe" that makes people want to come in and hang out. As a sports-themed pub, we offer multiple, visible-from-everywhere flat-screen TVs, great sports packages on satellite television, and we always have our sets tuned to the best sports programming available. Wings Etc. has kid-friendly, arcade-quality video games, Daily Drink Specials, Daily Lunch Specials, Daily Food Specials and much more. Wings Etc. now franchises its proven, full-service restaurant concept in multiple Midwestern states, and is currently seeking qualified franchise operators for select markets. The advantages of the Wings Etc. franchise opportunity include low start-up costs, low break-even requirements, full pre-opening training and support, simple operations, negotiated volume discounts on food, equipment and supplies, ongoing operational support and national-quality marketing and advertising.

"Top
#74 in Gator's Top franchises.
#358 in Franchise 500 for 2021.  Not in Franchise 500 for 2020.


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.