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Updated RecentlyBuffalo Wings & Rings vs Bonchon Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Buffalo Wings & Rings vs Bonchon including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $1,280,000 - $2,412,000 | $503,879 - $1,099,004 |
| Franchise Fee | $40,000 | $40,000 |
| Royalty Fee | 5% | 3.75%- 4.75% |
| Advertising Fee | 2%-4% | - |
| Year Founded | 1984 | 2002 |
| Year Franchised | 2005 | 2002 |
| Term Of Agreement | 10 | 10 years+5+5 |
| Term Of Agreement | 10 | 10 years+5+5 |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | On-The-Job Training: 50-60 hours Classroom Training: 50-60 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 Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | Yes | Yes |
Company Overviews
About Buffalo Wings & Rings
Since 1984, Buffalo Wings & Rings has become the premier elevated club-level sports restaurant alternative to traditional sports bars. By combining a fresh and innovative chef-driven menu with a community-focused model, the brand has positioned itself as the perfect option for guests and families looking to watch their favorite sporting events in a welcoming and friendly atmosphere.
With our strong growth over the last several years and recent appearance on the CBS hit series Undercover Boss, an enormous amount of interest in franchising with Buffalo Wings & Rings has been generated.
Buffalo Wings & Rings is introducing a new reduced franchisee fee of $30,000 for our existing franchisees to help them open additional locations as they look to expand in their markets.
**No Royalty 1st 6 Months for a limited time
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 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.