Burger King
Food & Beverage QSRCompany Information
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Franchimp Summary Rating
Lower than 54% of peers
Higher than 98% of peers
Franchise Summary
Description
The franchised business being offered is BURGER KING. BURGER KING Restaurants are quick-service hamburger restaurants offering a limited menu of breakfast, lunch and dinner products.
Company Background
LAPTOPXCHANGE is a franchised company that buys, sells, and services laptop computers. We specialize in the latest technology and offer an extensive selection of new and refurbished laptops for sale. LAPTOPXCHANGE has been providing excellent customer service since 1996 by offering knowledgeable staff to answer any questions you may have about our products or services. Our goal is to provide the best experience possible when buying a laptop with us!
Franchise Opportunity
Buying a new laptop is expensive and time consuming. We buy laptops from people who don't want them so that we can resell them to other people who need them. Our franchisees are able to buy, sell, repair and upgrade laptops for their customers at the best prices in town!
Corporate Structure
The franchisor is Burger King Company LLC, a Florida limited liability company, originally founded in 1954, with its principal place of business at 5707 Blue Lagoon Drive, Miami, Florida 33126.
Earnings Transparency
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Financial Performance of "Modern Image" Units
Average Revenue Per Unit
Compared vs. QSR Industry$1,391,728 / unit
Franchise Type: Modern Image
Average Revenue During 2020
Financial Performance of "Legacy Image" Units
Average Revenue Per Unit
Compared vs. QSR Industry$1,284,093 / unit
Franchise Type: Legacy Image
Average Revenue During 2020
Franchisee Attrition
This franchise's rate of attrition in 2019
of 2.71%
was
Slightly Lower
than the 5% in the QSR industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by
franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year.
It is a strong indicator of the strength of the underlying operating model
Franchise Types Available
| # | Type | Investment | Fees |
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Management Team
| # | Name | Position |
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Distribution of Burger King Franchisees
Burger King Franchise System Development in 2024
FAQ
How much investment do I need to start my own Burger King business?
Franchisees typically require at least $348,400 to $4,705,600 investment to get their Burger King business started
What are the initial franchise fees for Burger King?
Franchisees typically need to pay at least $57,750 in fees directly to Burger King in order to earn the right to launch their business
How much money can I make with a Burger King franchise? What are
the average revenues for a typical Burger King business?
We estimate that the average revenue of an individual
Burger King unit is approximately
$1,391,728. We based this on Item 19 in franchise disclosure
document
How long do I need to commit to running a Burger King unit? What
is my contractual commitment?
Burger King franchisees are typically required to sign up to a
20 year contract initially. The renewal length
is 20 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
The Franchisor's investment costs ranges from
$348,400 to $4,705,600
which is
Much Higher
than the $0 to $0 average in the QSR industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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