AllStar Wings & Ribs vs Bonchon Franchise Comparison

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

Start-Up Costs and Fees

 
AllStar Wings & Ribs Franchise
Bonchon Franchise
Investment $772,500 - $1,093,286$503,879 - $1,099,004
Franchise Fee $45,000$40,000
Royalty Fee -3.75%- 4.75%
Advertising Fee --
Year Founded 20032002
Year Franchised 02002
Term Of Agreement -10 years+5+5
Term Of Agreement -10 years+5+5
Renewal Fee --


Business Experience Requirements

 
AllStar Wings & Ribs Franchise
Bonchon Franchise
Experience

It helps to have specific knowledge of the industry. It is not necessary to be a foodservice professional to successfully operate the business. The "Extraordinary Training" function is specifically designed to educate and train franchisees that do not have significant experience.

-

Financing Options

 
AllStar Wings & Ribs Franchise
Bonchon Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
AllStar Wings & Ribs Franchise
Bonchon Franchise
Training

8 weeks at Home Office. Initial Training covers the A to Z of running your restaurant. We supply The AllStar Operation Manuals, Employee Handbooks and Training Manuals. The application of the operating system is thoroughly covered during training. This includes: Staff recruitment and management Supply Chain Management and Inventory Control Food Preparation and Presentation Advertising and Marketing Financial and Business Administration All other topics relevant to running your Franchised Business. Training is ongoing for everyone in the AllStar System and is accomplished at regional meetings, by on-site visits to individual franchises, newsletters and on-going research and development of the System.

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

Pre and Post Opening site support as well as on-going support.

-
Marketing --
Operations

We prefer owner/operators. We will consider an arrangement in which one shareholder is silent Your partner must be a working shareholder holding a minimum of 10% of the shares.

-

Expansion Plans

 
AllStar Wings & Ribs Franchise
Bonchon Franchise
US Expansion -Yes
Canada Expansion Yes-
International Expansion -Yes

Company Overviews

About AllStar Wings & Ribs

In 2003 Tom Anastopoulos, the Founder and President of the AllStar Group of Companies, was lamenting over supper one night that there didn't appear to be any really great place for wings. Coincidentally, the dinner Tom was serving was ribs. Everyone loved Tom's ribs! So while the dinner time discussions revolved around wings, it was quickly decided that Tom's excellent ribs should also be a staple of a daring, new business. And so AllStar Wings & Ribs was born! It was an instant success! It soon became evident that the success came as a result of careful planning and meticulous execution of the concept. Tom was sensitive to the fact that customers demand value and value meant quality product, fair price, great service and a convenient location. Product in the restaurant business is of paramount importance. So with AllStar the quality of the product that is served and the uniqueness of the service give AllStar Wings & Ribs Restaurants a distinct advantage over competition. Since its inception AllStar has focused on the quality that made the initial success possible. The combination of 180 flavours of wings to choose from, a "to-die-for" selection of meaty ribs, great service from a highly trained wait staff and an overall fun atmosphere continues to make new locations follow the successes enjoyed by earliest ones. For families, kids, fun-minded singles, adults and seniors looking for fun, cool atmosphere with great food and excellent service, AllStar Wings & Ribs delivers on all fronts. Recognizable by its multi-flagged logo, unique interior colours and multitudes of televisions and sports memorabilia on the walls, AllStar has quickly gained a reputation as an outstanding themed restaurant that delivers GREAT wings & ribs, great value, abundant portions and a memorable dining experience. AllStar Wings & Ribs' attention to detail and uncompromising commitment to quality has created a compelling image with customers in the marketplace - thereby occupying a unique position in the foodservice industry.

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.