a black man started the burger king franchise

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What is the history of the Burger King franchise?

Burger King Franchise Opportunities - History. Keith J. Kramer and Mattew Burns opened “Insta-Burger King” in San Bernardino, California in 1953, relying heavily on Insta-Broiler ovens to cook the burgers. After the company expanded, Pillsbury bought the company in 1967, shortening its name to Burger King.

How did McLamore and Edgerton start the Burger King chain?

McLamore and Edgerton started by purchasing one Insta-Burger King franchise in Miami in 1954. The growth of the Miami metropolitan area made it an excellent location for starting a new chain, but an adjustment had to be made to further improve on the Insta-Broiler machine.

When did Burger King come to South Africa?

The company began its move into Sub-Saharan Africa in May 2013 when Burger King opened its first outlet in Cape Town South Africa. The company sold franchise rights to local gaming and slots machine operator Grand Parade Investments Ltd.

How do I become a Burger King franchise owner?

Evaluate your prior experience and strengths. You should thoroughly evaluate your prior business experience before applying to become a Burger King franchise owner. Assess market availability.

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Who started the Burger King franchise?

In the early 21st century, Burger King claimed to have about 14,000 stores in nearly 100 countries. Headquarters are in Miami, Florida. According to the company, Burger King was started in 1954 by James W. McLamore and David Edgerton in Miami.

Who is the real owner of Burger King?

Burger King (BK) is an American-based multinational chain of hamburger fast food restaurants....Burger King.Logo used since December 21, 2020Corporate headquarters in Miami-Dade County, FloridaTotal assetsUS$ 4.94 billion (2021)ParentRestaurant Brands International16 more rows

How did Burger King get started?

Burger King was founded in 1953 in Jacksonville, Florida, as Insta-Burger King by Keith J. Kramer and his wife's uncle, Matthew Burns. Their first stores were centered around a piece of equipment known as the Insta-Broiler, which was very effective at cooking burgers.

How much does it cost to start a franchise with Burger King?

Burger King Franchise Cost /Initial Investment/ Burger King Franchise. The franchise fee is $50,000, and requires a total investment of anywhere between $316,100 and $2,660,600. Franchise agreements include an additional royalty fee of 4.5%. Franchise incomes vary by location.

Who owns the most Burger King franchise?

Carrols Restaurant Group, the largest Burger King franchisee with more than 1,000 locations, ended 2021 with approximately $1.7 billion in total sales. Paulo Pena joined Carrols Restaurant Group as the franchisee's new CEO on April 1.

Who makes more Burger King or McDonalds?

McDonald's: $37 billion in system-wide U.S. sales. Starbucks: $13 billion in system-wide U.S. sales. Subway: $10.8 billion in system-wide U.S. sales. Burger King: $10 billion in system-wide U.S. sales.

Which is older McDonald's or Burger King?

McDonald's and Burger King started in the franchise food business in 1955 and 1954, respectively. 12 McDonald's has always been the larger company, but each firm has unquestionably influenced the other throughout their six-decade-plus rivalry.

How much is the owner of Burger King worth?

According to its franchising website, “Burger King® charges a flat franchise fee of $50,000 USD for a franchise agreement with a term of 20 years.” For Brown, this was likely no problem with an estimated net worth of $50 million, Celebrity Net Worth estimates.

Which fast food is the oldest?

White CastleMost historians agree that the American company White Castle was the first fast-food outlet, starting in Wichita, Kansas in 1916 with food stands and founding in 1921, selling hamburgers for five cents apiece from its inception and spawning numerous competitors and emulators.

How much does a KFC franchise cost?

For non-traditional KFC outlets, KFC charges an initial license fee of $22,500. For traditional KFC franchise agreements, the franchise (or initial license) fee is $45,000 split into the deposit fee and the option fee.

How much does a McDonald's franchise cost?

McDonald's franchisee applicants must have a minimum of $500,000 available in liquid assets and pay a $45,000 franchise fee. Those looking to launch a new McDonald's franchise can expect to shell out between $1,314,500 and $2,306,500. Existing franchise prices can cost upwards of $1 million or more.

How much is a Starbucks franchise?

What are the Financial requirements for a Starbucks licensed store? You need to pay the licensing fee of between $50,000 – $315,000 and you must have over $1,000,000 in liquid assets to be considered for a licensed store by Starbucks.

Where is the original Burger King?

Miami, FLJacksonvill... FLBurger King/Place founded

How much is the owner of Burger King worth?

According to its franchising website, “Burger King® charges a flat franchise fee of $50,000 USD for a franchise agreement with a term of 20 years.” For Brown, this was likely no problem with an estimated net worth of $50 million, Celebrity Net Worth estimates.

Who is the franchise of Burger King in Sri Lanka?

Softlogic RestaurantsSoftlogic Restaurants has been granted the exclusive right by BK to develop, establish and operate direct-owned Burger King Restaurants in Sri Lanka.

Who came first McDonald's or Burger King?

McDonald's and Burger King started in the franchise food business in 1955 and 1954, respectively. 12 McDonald's has always been the larger company, but each firm has unquestionably influenced the other throughout their six-decade-plus rivalry.

Who bought Burger King in 1954?

1954: James McLamore and David Edgerton purchase Insta-Burger King and rename it Burger King.

What company owns Burger King?

The latest chapter in the company's ownership history began in September 2010 when TPG and its partners announced it would sell their 31 percent stake in Burger King to another private equity company, 3G Capital , for US$24 per share, or $3.26 billion. Between March 2004 and March 2009, the company experienced a score of consecutive profitable quarters that were credited with re-energizing the company, however with the slowing of the economy during the financial crisis of 2007-2010 the company's business has declined while its immediate competitor McDonald's grew. Analysts, including John Glass of Morgan Stanley and David Tarantino of Robert W. Baird & Co., part of the reasons for the company's slowed performance is its continue reliance on the super fan. Market-research firm Sandelman & Associates reported that this segment had seen a decline in visits by this demographic group by more than 50 percent during the recession, while restaurant industry analyst Bonnie Riggs at market-research firm NPD Group reported the 18–24 transferred much of its business from the fast food segment to the fast casual segment, compounding the decline.

What happened to Burger King after the Pilsbury bid failed?

After the failed bids, the relationship between Pilsbury and the Trotters soured. When Chart House purchased several restaurants in Boston and Houston in 1979, Burger King sued the selling franchisees for not respecting their contractual right of first refusal and won, preventing the sale.

What is a whopper bar?

The Whopper Bar is a concept from the company that upends its traditional fast food operations with a newer high end concept designed to compete with fast casual and casual dining restaurants. The new format is described by the company as a more "playful" variation on the standard Burger King location. The locations feature an open kitchen with a semi-circular metal counter top designed to allow customers to watch as its "Whopperistas" put together the order. The exposed kitchen concept allows customers to view the preparation of their foods. Decoration of the new locations is limited to plasma televisions playing looped videos of open flames. The concept is similar to the McCafe concept from rival McDonald's, and like the McCafe locations they are designed to go into malls, airports and casinos and other areas with limited amounts of space.

Why did Burger King go bankrupt?

For many years leading into the early 2000s, Burger King and its various owners plus many of its larger franchisees closed many under-performing stores. Several of its largest franchisees entered bankruptcy due to the issues surrounding the performance of the brand.

What was Burger King's plan for 2008?

During the first half of the calendar year 2008, the company initiated a plan to revitalize its stores with a program to replace or remodel almost all of its North American locations by the beginning of its fiscal year 2009 in July 2008. The renovation plan was credited with helping the company increase same-store sales by as much as 5.4 percent over the previous fiscal year versus its competitors McDonald's and Yum Brand's 3 percent increase, but the total costs of the renovation program affected the company's revenue stream for the final quarters of its 2008 fiscal year. Wall Street analysts had originally projected net income to be approximately 27¢ per share, but the company only reported a 25¢ per share profit. The smaller profit announcement temporarily drove Burger King's stock prices down after the announcement. Despite the lower than expected profit and small decline in stock value, Wall Street analysts were upbeat about Burger King's future earnings because it was felt that the renovations would contribute to future profits; one such analyst stated that the renovations would "pay for themselves".

When did Burger King go public?

The new owners rapidly moved to revitalize and reorganize the company, culminating with the company being taken public in 2006 with a highly successful initial public offering. The firms' strategy for turning the chain around included a new advertising agency and new ad campaigns, a revamped menu strategy, a series of programs designed to revamp individual stores, and a new restaurant concept called the BK Whopper Bar. These changes re-energized the company. Despite the successes of the new owners, the effects of the financial crisis of 2007–2010 weakened the company's financial outlooks while those of its immediate competitor McDonald's grew. The falling value of Burger King eventually lead to TPG and its partners divesting their interest in the chain in a $3.26 billion sale to 3G Capital of Brazil. Analysts from financial firms UBS and Stifel Nicolaus agreed that 3G will have to invest heavily in the company to help reverse its fortunes. After the deal was completed, the company's stock was removed from the New York Stock Exchange, ending a four-year period as a public company. The delisting of its stock was designed to help the company repair its fundamental business structures and continue working to close the gap with McDonald's without having to worry about pleasing shareholders. 3G later took the company public again after a series of changes to its operations and structure. Burger King would eventually be merged with Canadian-based donut and coffee chain Tim Hortons, igniting a political controversy in the United States over tax inversions .

When did Burger King start franchising?

When McLamore and Edgarton's Burger King Corporation began a full franchising system in 1961, it relied on a regional franchising model where franchisees would purchase the right to open stores within a defined geographic region. These franchise agreements granted the company very little oversight control over its franchisees and resulted in issues of product quality control, store image and design and operations procedures.

When did Burger King start?

The company known today as Burger King itself began as a franchise; the predecessor of the modern company was founded in 1953 in Jacksonville, Florida, as Insta-Burger King. The original founders and owners, Kieth J. Kramer and Matthew Burns, opened their first stores around a piece of equipment known as the Insta-Broiler. The Insta-Broiler oven proved so successful at cooking burgers, Kramer and Burns required all of their franchises to carry the device. The rights to open stores in Miami, Florida, belonged to two businessmen named James McLamore and David R. Edgerton and their company: South Florida Restaurants, Inc. Due to operational issues with the Insta-Broiler, in 1954 McLamore and Edgarton made the decision to replace the Insta-Broiler with a mechanized gas grill they called a flame broiler. Even though the company had rapidly expanded throughout the state until its operations totaled more than 40 locations in 1955, the original Insta-Burger King ran into financial difficulties and the pair of McLamore and Edgarton purchased the national rights to the chain and rechristened the company as Burger King of Miami.

What is the BKNFA?

In the United States, approximately 90 percent of Burger King's franchises have banded together to form the Burger King National Franchise Association (BKNFA or NFA). The 900-member group is based in Atlanta, Georgia, and is designed to provide what the group calls Franchisee Relations Advocacy. It acts as a corporate negotiator that mediates with corporate-franchise disputes, as a government lobbying group to deal with issues that affect the fast-food industry as a whole, and it provides group health, property and casualty insurance. In 2001, the group announced a plan to purchase Burger King from then-parent Diageo after the company put forth a plan to float approximately 20 percent of BKC on the NYSE. The NFA believed that any money raised from the issue would not be put into helping bolster the then flagging BK, but would instead end up being used to help Diageo bolster its liquor brands. The deal collapsed when the NFA was unable to put together an acceptable financing package.

What did the NFA claim about Burger King?

The NFA claimed that the diversion to the parent company violated the beverage contracts between various parties. Negotiations between the two entities eventually failed, which led to a class action suit being filed in the United States District Court for the Southern District of California against Burger King Corporation, Coca-Cola and Dr. Pepper on behalf of all Burger King franchises in the United States in May 2009. In the filing, the NFA claimed the three defendants were in violation of a 1999 beverage contract that set specific beverage syrup usage goals. The four parties settled shortly after the filing when Burger King agreed to seek advertising funds from other sources.

Why did Burger King break with the NFA?

In a 2005 dispute with the NFA over issues including brand development and advertising, Burger King severed its relations with the group. Claiming that the NFA was resisting structural changes that BK was making in regards to pricing, hours and its new gift card program, CEO John Chindsey claimed "many instances of the NFA's non-cooperation and affirmative disruption of efforts to improve the Burger King system" were the reason for the break. The company also announced that it would be diverting a $1 million (USD) NFA advertising subsidy into the company's own advertising fund. In a response, the NFA chairman Daniel Fitzpatrick responded in a letter to Burger King's parent stating that "to sever relations with the ... NFA is extremely regrettable" and based on "an erroneous set of facts, innuendo and rumor" claimed that the company owed the NFA $1.7 million in total subsidy funds. The two sides settled their differences in April 2006 when Burger King agreed to pay the disputed subsidy funds to the group. Additionally, Burger King announced that it would honor an October 2004 deal in regards to compensation for the operation of the annual Burger King/franchise convention.

Why did Burger King change their hours?

Burger King's reasoning for the changes were necessary to maintain a competitive stand against McDonald's and Wendy's. Burger King stated that roughly 60% of its franchised locations already operated until midnight, but it sought to have the extended hours of operation cover 100% of locations in order to begin a nationwide advertising campaign promoting late-night sales. On June 1, 2008 the company amended the directive to require restaurants to stay open until 2:00am Thursday-Saturday and open at 6:00am Monday-Saturday. At the time of the announcement, Burger King stated it believed the franchise agreement allowed it set minimum hours and that most of it franchisees had agreed to the extended hours of operation. After the deadline passed, Burger King notified its franchises on July 3 that if any of them failed to implement the new policy by July 8, the franchises would be in default of their agreement.

Why did Burger King sue Burger King?

After the failed attempts to acquire the company, the relationship with Chart House and the Trotters soured; when Chart House purchased several restaurants in Boston and Houston in 1979, Burger King sued the selling franchisees for failing to comply with the right of first refusal clause in their contracts.

When was Burger King founded?

According to V & J Foods, Inc.’s website, a Burger King franchisee, was founded in 1982 by Valerie Daniels-Carter and John Daniels, Jr. In 1984, the company’s operations began with one Burger King restaurant.

How much did Daniels Carter raise to buy Burger King?

After working as a banker for a few years, Daniels-Carter decided to start her own business. Raising nearly $1 million to buy the Burger King franchise’s rights and build the restaurant required extreme sacrifices. The ‘queen of franchising’ sold everything she owned, including her car.

How many brothers did Daniels Carter have?

According to Milwaukee Magazine, Daniels-Carter’s formative years included living with six brothers and a sister. The budding entrepreneur’s first gig entailed walking her neighbors’ younger children to school.

Who owns the Milwaukee Bucks?

How Valerie Daniels-Carter, Part Owner of the Milwaukee Bucks, Built A Fast Food Empire. Valerie Daniels-Carter’ s journey to build a fast food empire is a prime example of how small beginnings at a young age, can turn into big rewards, later in life. Daniels-Carter’s is one of successful female franchisees in the country.

Who was the salesperson for two of her brothers?

Milwaukee Magazine also reported that Daniels-Carter served as the salesperson for two of her brothers who offered snow shoveling and leaf-raking services. The children divided the profits, but some funds were reserved for savings. By high school, Daniels-Carter worked as a secretary for the U.S. Army recruiting office, during the school year.

Is Daniels Carter a minority owned company?

This made Daniels-Carter the head of the largest minority-owned franchise company in the country, Milwaukee Magazine reported. In another interview, Daniels-Carter’s told The New York Times that she was not the typical franchise when she started.

What is Burger King?

Burger King is a giant in the fast food industry, selling hamburgers, chicken, fries, onion rings, soft drinks, and desserts. Beyond the standard fare, Burger King also offers breakfast items, salads, combo meals, and kids’ meals, which can be purchased and enjoyed in-store or via a drive-through. Still, much of its business derives from ...

How long does a Burger King franchise last?

Franchise contracts last for 20 years, and are renewable after that period. Burger King offers meetings, evaluations, a grand opening event, and a toll-free phone number to call for problems to its franchise owners.

How many Burger King locations are there?

Burger King is a privately held restaurant franchise. Burger King is found over 75 countries with well over 12,000 locations worldwide. In addition to the fast food restaurant being named one of the “100 Best Global Brands” Fortune magazine lists Burger King in the top 1,000 largest corporations in the United States.

When did Pillsbury buy Burger King?

After the company expanded, Pillsbury bought the company in 1967, shortening its name to Burger King. Pillsbury added to the menu, increased marketing campaigns, and opened franchising opportunities to grow Burger King to the fast food powerhouse it is today.

Is Burger King a franchise?

Burger King is listed in the Franchise Directory under the Food category. It's also listed in the section for Franchises Under $1,000,000 .

How many Burger King stores are there?

Being the second-largest hamburger chain in the US, Burger King franchise boasts 14,000 store s in 100 countries. It specializes in burgers, salads, chicken, veggies, and desserts. Burger King restaurant franchise continues to provide nice opportunities around the globe trying to enter new markets and expand in the countries where they have gained ...

Is Burger King a good franchise?

Buying a Burger King franchise has a lot of pros. The main one is a good franchise cost and profit balance. The second one is a guide from the franchisor on how to open a Burger King franchise with a detailed investment information. And yet another one is a range of franchise formats for sale with reasonable franchise fees and requirements.

Overview

History

Relations

Franchisees of note

Notes

The majority of the locations of international fast-food restaurant chain Burger King are privately owned franchises. While the majority of franchisees are smaller operations, several have grown into major corporations in their own right. At the end of the company's fiscal year in 2015, Burger King reported it had more than 15,000 outlets in 84 countries; of these, approximately 50% are in the United States and 99.9% are privately owned and operated. The company locations employ …

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