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    Franchise opportunities compared

    Bonchon Business and Restaurant vs IHOP

    Reviewed figures from each brand's Franchise Disclosure Document (FDD), side by side. Each figure carries its FDD year and page. This is not a ranking or recommendation, and the two FDDs may cover different years and location groups.

    Bonchon Business and Restaurant2026 FDDIHOP2026 FDD

    Initial investment · Item 7

    Bonchon Business and Restaurant

    $47,000 – $772,536

    2026 FDD · Item 7

    IHOP

    $380,550 – $4,823,457

    2026 FDD · Item 7

    Initial franchise fee · Item 5

    Bonchon Business and Restaurant

    $35,000

    2026 FDD · Item 5 · PDF p. 12

    IHOP

    $15,000

    2026 FDD · Item 5 · PDF p. 19

    Royalty · Item 6

    Bonchon Business and Restaurant

    $5.00

    2026 FDD · Item 6 · PDF p. 13

    IHOP

    4.5%

    2026 FDD · Item 6 · PDF p. 21

    Before you compare

    • Both sets of figures come from 2026 FDDs.
    • Bonchon Business and Restaurant and IHOP disclose more than one business format, so the investment range spans formats; the full report breaks them out.
    • Item 19 figures cover the location groups each FDD names (Bonchon Business and Restaurant: 30, IHOP: 39). Different groups are not directly comparable.

    Financial commitment

    Estimated initial investment (Item 7)

    Bonchon Business and Restaurant

    $47,000 – $772,536
    2026 FDD · Item 7

    IHOP

    $380,550 – $4,823,457
    2026 FDD · Item 7
    Standard initial franchise fee (Item 5)

    Bonchon Business and Restaurant

    $35,000
    2026 FDD · Item 5 · PDF p. 12

    IHOP

    $15,000
    2026 FDD · Item 5 · PDF p. 19
    Royalty (Item 6)

    Bonchon Business and Restaurant

    $5.00
    full 12 months of operations, after which the weekly Continuing Royalty rate will be — 5%
    2026 FDD · Item 6 · PDF p. 13

    IHOP

    4.5%
    Royalty rate
    2026 FDD · Item 6 · PDF p. 21
    Brand / advertising fund (Item 6)

    Bonchon Business and Restaurant

    4%
    n Franchise Agreement, Section 5.05. See Note 1 System Brand Fund Contribution Up to — 4% — 4%
    2026 FDD · Item 6 · PDF p. 14

    IHOP

    3.5%
    National Advertising Fee rate — 3.5%
    2026 FDD · Item 6 · PDF p. 21

    System scale & health

    Total outlets (Item 20)

    Bonchon Business and Restaurant

    148
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 87

    IHOP

    5,142
    Outlets at end of 2025
    2025 FDD · Item 20 · PDF p. 57
    Net outlet change (Item 20)

    Bonchon Business and Restaurant

    +21
    Calculated: 127 at end of 2023 → 148 at end of 2025

    IHOP

    +3,459
    Calculated: 1,683 at end of 2022 → 5,142 at end of 2025
    Outlet exits (Item 20)

    Bonchon Business and Restaurant

    Not available
    No complete exit records for a year

    IHOP

    Not available
    No complete exit records for a year
    Franchising since (Item 1)

    Bonchon Business and Restaurant

    Not available
    Not in reviewed records

    IHOP

    1960
    From a verified franchisor listing
    Franchisor founded (Item 1)

    Bonchon Business and Restaurant

    Not available
    Not in reviewed records

    IHOP

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    Bonchon Business and Restaurant
    Locations counted not stated in the reviewed record — Mature Fast Casual restaurants
    $2,166,573
    other Highest gross revenues
    2026 FDD · Item 19 · PDF p. 84
    Locations counted not stated in the reviewed record — Mature Delivery and Carryout Only restaurants
    $702,988
    other annual gross revenues
    2026 FDD · Item 19 · PDF p. 84
    Locations counted not stated in the reviewed record — Mature Dine-In restaurants
    $1,595,312
    other annual gross revenues
    2026 FDD · Item 19 · PDF p. 84
    +27 more groups in the full report
    IHOP
    Locations counted not stated in the reviewed record — Traditional franchised IHOP Restaurants in the Northeast U.S. Census Bureau reg…
    $2,176,716
    other Gross Sales
    2026 FDD · Item 19 · PDF p. 66
    Locations counted not stated in the reviewed record — Traditional franchised IHOP Restaurants in the Midwest U.S. Census Bureau region
    $1,551,817
    other Gross Sales
    2026 FDD · Item 19 · PDF p. 66
    Locations counted not stated in the reviewed record — Traditional franchised IHOP Restaurants using the freestanding prototype, 2024…
    $1,970,976
    other Gross Sales
    2026 FDD · Item 19 · PDF p. 67
    +36 more groups in the full report

    Item 19 groups are shown separately and never combined. Revenue or sales figures are not profit. Net outlet change and turnover are Franopolis calculations from the disclosed counts; turnover is a count-based rate, not a measure of owner earnings.

    Bonchon Business and Restaurant vs IHOP: common questions

    Which costs less to open, Bonchon Business and Restaurant or IHOP?
    Bonchon Business and Restaurant: $47,000 – $772,536 (2026 FDD · Item 7); IHOP: $380,550 – $4,823,457 (2026 FDD · Item 7). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for Bonchon Business and Restaurant. At least one range spans several business formats. Estimates are not quotes, and the FDD years may differ.
    How do Bonchon Business and Restaurant and IHOP royalties compare?
    Bonchon Business and Restaurant: $5.00 (2026 FDD · Item 6 · PDF p. 13); IHOP: 4.5% (2026 FDD · Item 6 · PDF p. 21). Royalties as disclosed in Item 6; other recurring fees are listed separately.
    Which has more locations, Bonchon Business and Restaurant or IHOP?
    Bonchon Business and Restaurant: 148 (2026 FDD · Item 20 · PDF p. 87); IHOP: 5,142 (2025 FDD · Item 20 · PDF p. 57). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
    Do Bonchon Business and Restaurant and IHOP disclose financial performance (Item 19)?
    Bonchon Business and Restaurant has reviewed Item 19 figures for 30 location groups; IHOP has reviewed Item 19 figures for 39 location groups. Different location groups are not directly comparable, and revenue is not profit.

    Answers restate the reviewed figures above. Not a ranking or recommendation.

    How Franopolis reviews FDD figures

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    Full Bonchon Business and Restaurant report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

    Full IHOP report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

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