Bonchon vs Slim Chickens Franchise Comparison

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

Start-Up Costs and Fees
 
Bonchon Franchise
Slim Chickens Franchise
Investment $503,879 - $1,099,004$841,900 - $1,739,000
Franchise Fee $40,000$15,000
Royalty Fee 3.75%- 4.75%5%
Advertising Fee -1.5%
Year Founded 20022003
Year Franchised 20022011
Term Of Agreement 10 years+5+5-
Term Of Agreement 10 years+5+5-
Renewal Fee --


Business Experience Requirements
 
Bonchon Franchise
Slim Chickens Franchise
Experience --

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

Training & Support
 
Bonchon Franchise
Slim Chickens 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
Slim Chickens Franchise
US Expansion YesYes
Canada Expansion --
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 Slim Chickens

Our roots run deep in the Delta where the food is honest, meals are social, and the door is always open. We started with a mission to bring a dose of that southern hospitality to a fast, casual setting - serving Fresh Delicious Chicken® to the communities we serve.
Our startup story is pretty simple. It all started with a craving for a quick, quality meal - fresh chicken cooked to order. The founders, Greg Smart and Tom Gordon, discovered there was a niche to fill and rallied where lots of great startups begin, from their garage! Tireless testing and a laser-focused vision launched the first
Slim Chickens restaurant in Fayetteville, Arkansas, 2003. Now, tens of thousands of happy customers later, we know that there’s something special about our hand-breaded chicken tenders, fresh hot chicken sandwiches, made-to-order wings and our house-made dipping sauces that keep our loyal fans coming back…over and over again.
Our service model sets us apart from quick service restaurants. Whether you’re dining in, driving through, or carrying out, our people will greet you with a warm smile and a desire to please. When dining in, we bring your food to your table and provide you with that extra touch of hospitality. We strive to return that enthusiasm by giving back to the communities we serve - helping local non-profits with fundraisers, donating food to community events, and doing everything we can to improve the lives of people in the communities where we live and work.

The initial investment necessary to begin operation of a single Slim Chickens franchise ranges from $841,900 to $1,739,000. This includes $15,000 that must be paid to the franchisor as initial franchise fees. If you sign a Development Agreement to develop multiple Restaurants, you will have to pay the franchisor a territory fee equal to $15,000 multiplied by the total number of Restaurants to be developed. The franchisor does not have a minimum number of Restaurants you would need to develop to sign a Development Agreement.