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It is one of the most important hamburgers fast food restaurant chains in the United States and the world. It was created in 1953 by Keith J. Kramer and Matthew Burns with the name of Insta-Burger King.
A year later, it was bought by James McLamore and David Edgerton, and in 1959 they changed the name to Burger King and began to franchise. It expanded internationally from 1963 in Puerto Rico, Canada, Australia, Spain and more. Today, it has more than 17,800 locations worldwide.
- Year Business Began: 1953.
- Franchising Since: 1959.
- Headquarters: Miami-Dade County, Florida, United States.
- Estimated Number of Units: More than 17,800.
- Number of Employees: More than 37,000.
- Industry: Food
It is one of the largest, important and popular fast food restaurant chains worldwide. During its years of history, it has obtained many experiences and growth by establishing more than 17,800 locations.
One of its objectives is to improve support for its partners so that all Burger King franchisees distributed worldwide have the same benefits. Besides, it plans to establish more than 3,000 new restaurants in the coming years.
The costs will depend on the number of employees, merchandise, place where the franchise will be located, size, marketing, and other factors:
- Total Investment: From $ 320,000 to $ 3,300,000
- Liquid Cash Requirement: $ 500,000
- Net Worth Required: $ 1,500,000
- Franchise Fee: $ 50,000.
- Royalty fee: 4.5% of monthly gross sales.
- Advertising fee: 4% of monthly gross sales.
The annual income of a successful Burger King franchise varies between $ 1,000,000 and $ 1,400,000. That income may be lower depending on the location and size of the restaurant, customer traffic and more. According to those numbers, the earnings could be approximately $ 100,000.
Training & Support
All franchisees must receive a complete training program that will last approximately 15 weeks. The place will be decided by the franchisor (usually in Miami or Florida). The brand also offers courses to train franchise managers in administrative management, sales and business operations.
The franchisee will also receive the resources and tools necessary to run the business profitably. The franchisor offers marketing and advertising support and advice before and after the opening of the franchise.
How to Apply for Burger King Franchise ?
You must enter the website of the country of your convenience and send a request for the Burger King team to contact you. Then, you will be interviewed to get to know the franchisee better and discuss the franchise opportunity.