Dallas — Bonchon, a popular global restaurant concept known for its flavorful Korean fried chicken, is celebrating a year filled with new market expansion and growth, positive sales figures, a new fast-casual model and two decades in business. First establishing itself in the U.S. in 2006, Bonchon is heading into 2022 with rapid franchise growth plans to add 30 new locations with the help of multi-unit operators in thoughtfully selected growth markets. The brand has confirmed new development agreements covering Illinois, Colorado, Maryland, North Carolina, Florida, New York, Minnesota, Tennessee …
Black Box Intelligence
Lexington, Ky. — A&W Restaurants posted double-digit, year-over-year sales in May, with some franchise locations doubling their sales. Other burger chains, on average, managed only a 2% increase, according to Black Box Intelligence. The iconic brand’s performance comes as it reduces royalties for new franchisees. The incentive program lowers royalties in the first year of all new development agreements from the standard 5% to 3%. Second year royalties are 4%. Initial fees on multi-unit agreements also are being discounted. “The incentives give franchisees extra cushion in their first few years …