Bonchon vs Dave's Hot Chicken Franchise Comparison

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

Start-Up Costs and Fees
 
Bonchon Franchise
Dave's Hot Chicken Franchise
Investment $503,879 - $1,099,004$419,800 - $2,386,500
Franchise Fee $40,000N/A
Royalty Fee 3.75%- 4.75%-
Advertising Fee --
Year Founded 20022018
Year Franchised 20022018
Term Of Agreement 10 years+5+5-
Term Of Agreement 10 years+5+5-
Renewal Fee --


Business Experience Requirements
 
Bonchon Franchise
Dave's Hot Chicken Franchise
Experience --

Financing Options
 
Bonchon Franchise
Dave's Hot Chicken Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Bonchon Franchise
Dave's Hot Chicken 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 --

Expansion Plans
 
Bonchon Franchise
Dave's Hot Chicken Franchise
US Expansion YesYes
Canada Expansion -Yes
International Expansion Yes-

Company Overviews

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.




About Dave's Hot Chicken

"Daves

From its humble beginnings as a parking lot pop-up to a brick and mortar sensation with lines consistently around the block, Dave's can't keep up from its throngs of hot chicken fanatics. Dave's Hot Chicken is currently seeking experienced multi-unit restaurant operators. Prime territories are available throughout the country.

The total investment necessary to begin operation of a Dave’s Hot Chicken Restaurant (including non-traditional Restaurants) franchised business is between $419,800 and $861,500. This includes $30,000 that must be paid to the franchisor or its affiliate(s).
The total investment necessary to begin operation of a Dave’s Hot Chicken Restaurant franchised business that has a drive-thru and pickup window is between $1,102,800 and $2,386,500. This includes $30,000 that must be paid to the franchisor or its affiliate(s).
The total investment necessary to begin operation of two Dave’s Hot Chicken Restaurants under an Area Development franchised business is between $839,600 and $4,773,000. This includes $60,000 that must be paid to the franchisor or its affiliate(s).
The total investment necessary to begin operation of ten Dave’s Hot Chicken Restaurants under an Area Development franchised business is between $4,198,000 and $23,865,000. This includes between $300,000 and $335,000 that must be paid to the franchisor or its affiliate(s).