Current Locations by State

This amount reflects the average annual Gross Revenues for the 67 out of 104 franchised Bonchon Restaurants in the system that were in operation from January 1, 2020 through December 31, 2020 '('each a “Mature Restaurant”')', as published in Item 19 of our February 26, 2021 Franchise Disclosure Document. Of these 67 Mature Restaurants, 28 '('41.8%')' met or exceeded the 2020 yearly average Gross Revenues during the reported period, with the highest Gross Revenues earned being $2,938,025.27 and the lowest Gross Revenues earned being $450,053.25. The financial performance representation contained in Item 19 of our February 26, 2021 Franchise Disclosure Document also includes the median annual Gross Revenues for our Mature Restaurants in operation in the United States during the referenced period. A new franchisees results may differ from the represented performance. There is no assurance that you will do as well and you acknowledge that you accept that risk.

** 5 year growth rate is based on number of units for the year ended December 31, 2021.