Bonchon
Franchised, with growing non-traditional (airport) development.
CSW Score
Unrated. Fewer than three of the five scoring components have been published for this brand. CSW does not fill that gap with an estimate.
Korean fried chicken is the most under-built segment of the American chicken market relative to consumer interest. Bonchon's move into airports is a rational read of its own economics: a high-ticket, dine-in-leaning, sauce-forward concept monetizes captive traffic better than it monetizes suburban drive-thru traffic.
Real estate profile
Cap rate
Primarily leased inline and non-traditional space; not an established net-lease tenant
First U.S. airport location opened at John Wayne Airport in Orange County, California — a channel with very different economics from street retail.1
Sources
Every figure on this page is attributed. CSW does not publish estimates as facts — where a number is unavailable it is shown as “—”, and where a figure is derived arithmetically from two published figures it is marked as derived.