how much to buy a burger king franchise

Individual Unit Costs

Full Answer

How much is it to start a Burger King?

• In the united states, the total investment to start the Burger King Restaurant is around $323,100 to $3,076,600.
• In Indian currency, the investment comes around Rs 229.4 lakhs to Rs 21.8 crores.
• In Indonesian currency, the investment comes around Rp 457.6 crores to Rp 4357.7 crores.

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How much does it cost to own a Burger King?

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%.

How much money does Burger King make per year?

How much does the average Burger King make a year? Again your rent costs, local expenses and other factors will greatly impact your net, however a 6% net revenue figure seems to be a reasonable average, putting an average Burger King franchise profit at about $85,000 per year.

How much money does a Kumon franchise make?

Twitter. The profit of a Kumon franchise varies depending on the number of students and the cost of operation. If the numbers are based on the recommended student tuition of $75 per month with a $30 registration fee per student, and assuming at least 50 students by the end of the first year of operation, revenues would total $3,750 per month.

How much does a Burger King franchise owner make?

These numbers indicate that potential earnings can vary significantly and it depends on how well the business is run, the location, and other factors. We can estimate that based on net revenue of $1,351,000 and a profit margin of 13%, the average Burger King franchise compensation is $175,630 per year.

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 is Burger King worth 2022?

So, how big is Burger King in 2022? Well, our research shows that: As of 2022, Burger King has over 18,700 locations worldwide. Burger King's annual revenue is currently $1.6 billion.

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?

Initial Start-Up Funding The average cost to license a Starbucks store is $315,000. You'll also need $700,000 in liquid assets to be considered.

How Much Is a Subway franchise?

How much is the franchisee fee? The initial franchise fee ranges from $10,000 - $15,000* (US dollars) depending on your country.

How can I invest in 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 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.

Who owns the most burger Kings?

GPS Hospitality, one of the "largest franchisee" of Burger King, is Headquartered in Atlanta Georgia with revenue around $650 million. GPS Hospitality is a franchisee with upwards to 400 Burger Kings and plans to add 15 more in the Southeastern United States.

What franchise makes the most money?

What is the most profitable franchise to own? According to the Franchise 500 list of 2021, Taco Bell is the most profitable franchise to own. The food chain has been franchising for nearly 6 decades and is still seeking franchises worldwide. As of 2021, they have 7,567 open units.

How much is a Wendy's franchise?

Does it include start-up supplies and training? The standard franchise fee is $50,000 for a franchise agreement with a term of 20 years.

What does a Taco Bell franchise cost?

Total cost: A standalone Taco Bell franchise location is estimated to cost between $1.2 million and $2.6 million, exclusive of land and lease costs. Initial investment: Initial investments will vary significantly based on your location and the type of restaurant.

How much does a KFC franchise owner make?

Although the exact salaries of KFC franchise owners are kept private by Yum! Brands, it is estimated that they take home around $120,000 per year. This is grounded on the average salaries of food franchise owners. Individual KFC units produce revenues between $942,000 and $1,000,000 per year.

How can I open a KFC?

The franchise fee to become a KFC franchise owner is $45,000, with an estimated startup costs totals ranging between $1.2 million and $2.5 million. A 5% royalty fee on gross monthly receipts is paid to the company.

Who owns KFC in Jamaica?

Since that time, Restaurants of Jamaica has grown to become the franchisee for both KFC and Pizza Hut – licensed to do so by YUM! the current international franchisor.

How much is a 7 11 franchise?

What is my initial investment? - Franchise Fee amounting to Php 600,000.00 to be paid upon approval of the application.

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 th...

Burger King Franchise Cost /Initial Investment/ Burger King Franchise

IncomeThe franchise fee is $50,000, and requires a total investment of anywherebetween $316,100 and $2,660,600. Franchise agreements include an add...

Burger King Business Opportunities: Other Information

Burger King franchise owners are required to have a net worth of $1,500,000,with $500,000 available in liquid assets. Franchise contracts last for...

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.

What is The Mr. Appliance Franchise Cost?

For your home and office appliance needs and repairs, there’s only one name you can trust if you’re in the United States or Canada. Mr. Appliance is a reliable company with decades of experience. The company has been offering franchising opportunities since 1996. So, if you want a money-making venture, learn more about Mr. Appliance’s franchise terms and costs.

How long is franchising phase 1 training?

The franchisor may conduct the Phase I training at a chosen location or via video call or webinar. This training will last five days. However, the duration may vary depending on the participants’ experience, knowledge, or qualifications. After they complete Phase I training, they will proceed to Phase II training which will last another five days.

How many owners and managers are required to complete the Phase I and II training?

A minimum of one owner or manager must attend the Phase I and Phase II training programs and complete both satisfactorily. Moreover, the owner and manager must attend the Phase II training program and complete it according to the franchisor’s satisfaction. The requirements for the training may vary according to the participant’s experience.

How many customers does Quick Service have?

Throughout the years, the company has undergone many ownership changes. To date, it serves more than 11 million customers every day. It is hailed as one of the most valuable quick-service brands in the world, with around $7bn in value as of 2019.

Is Burger King a viable business?

With over 12,000 locations in more than 97 countries around the world, Burger King is indeed a viable business venture. In 2019, the popular burger chain recorded a whopping $1.78bn in revenues from its more than 18,786 restaurants worldwide. Read on as we break down the Burger King franchise cost and learn how you can get started.

Can a franchisee operate a restaurant?

The franchisees may only operate the chosen location for the sole purpose of running the restaurant. Moreover, they must be open during the business hours specified in the FA.

Does franchising cover the initial cost?

The franchisor may cover a percentage of the initial franchise cost. This will depend on the franchisee’s creditworthiness and other collateral presented to secure financing.

How many Burger King franchises are there?

To own one of the nearly 19,000 Burger Kings out there, you have to fulfill the franchisor’s requirements, which include access to the proper amount of financial capital.

How much does it cost to open a Burger King?

The estimated financial range for setting up and operating a Burger King in the United States for the first three months, depending on facility type, ranges from $333,100 to $3,398,600. The data in the table below is from Burger King’s Franchise Disclosure Document (FDD), dated 2020. The estimates are provided by Burger King and are based off of its years of experience in franchising its system.

How many franchise agreements does Burger King have?

In addition to the diversity of facility types, Burger King currently has three different forms of franchise agreement, which correspond to the three different types of franchise ownership it offers:

What is an entity in a franchise agreement?

Entity: In this ownership type, a corporation, a limited partnership, a limited liability partnership, or a limited liability company executes the Entity form of Franchise Agreement. Generally, one of the conditions of Entity ownership is that one or more individuals, or entities, designated as owners must guarantee and be responsible for the obligations to the franchisor.

When did Burger King start?

by Renee Bailey. 🕒 Estimated Reading Time: ~4 minutes. The origins of Burger King date back to 1953 with a couple of aspiring restauranteurs from Jacksonville, Florida. The duo, Keith Kramer and Matthew Burns, was so impressed with a then-fledgling McDonald’s in California that they sought to build an equivalent burger restaurant on the east coast.

What type of ownership is food service?

Corporate: This type of ownership typically consists of food service companies that provide a variety of contracted feeding services in a single “institutional” location or at multiple institutional locations, or are large net worth companies with diversified business ownership.

How much does it cost to franchise Burger King?

For example, the initial investment for an indoor MRS (a non-traditional facility) can range from $323,100 to $754,600, while the initial investment for a freestanding unit (a traditional facility) can range from $1,877,600 to $3,283,600. This higher end range places Burger King well above other similar franchises, with the exception of Wendy’s, which requires an initial investment between $2,018,500 to $3,669,000, according to the Franchise Disclosure Document (FDD) data for both companies.

What is a traditional Burger King?

Traditional Burger King Restaurant Facilities: A self-contained, full-size Burger King restaurant that is located and operated on a site as a freestanding building or within another building structure, such as a shopping mall. This type of facility serves the standard approved Burger King menu.

What is a co-brand in Burger King?

Co-brand: A Burger King restaurant that shares a building with other concepts, such as other restaurants, retail, and oil and gas facilities.

What is Burger King's support team?

A Full Support Team: Every Burger King franchisee is set up with a support team consisting of a Franchise Support Manager, a preferred real estate brokerage, a Construction and Design Manager, and purchasing and supply chain management to help set you up for success.

When did Burger King change hands?

The brand changed hands again in 1967, when McLamore and Edgerton sold it to the Pillsbury Company, which brought former McDonald’s executive, Donald N. Smith, into the fold in 1978. Smith kicked off a revitalization project, which included expanding the Burger King menu, redesigning its branding and restructuring franchise operations.

When did Burger King open?

Former Cornell classmates James McLamore and David Edgerton opened their first Insta-Burger King in Miami in 1954, where they modified the Insta-Broiler, turning it into a gas grill, which they dubbed a “flame broiler.” A few years later, after opening several more franchise locations, the pair purchased the company from Burns and Kramer, striking “Insta-” from its name and restructuring the organization from the ground up. McLamore and Edgerton ran the company as an independent entity for eight years, during which time they introduced Burger King’s signature burger, the Whopper, to the menu and expanded to 250 locations across the United States.

How much does Wendy's make a year?

The average Wendy’s restaurant generates approximately $1.6M per year, according to 2018 franchise disclosure figures, making it a competitive alternative to Burger King.