Burger King Corp.

At a Glance

Products & Services: Burgers, fries, breakfast

Number of Locations:

Total Investment: $316.1K - $2.7M

Founded: 1954

Began Franchising: 1961

About Burger King Corp.

In 1954, James McLamore and David Edgerton opened the first Burger King restaurant in Miami; selling 18 cent broiled hamburgers and milkshakes. Three years later, the company's signature Whopper was introduced, selling for 37 cents a piece. Today Burger King restaurants also serve chicken, salads, a breakfast menu and kids meals.

Startup Costs, Ongoing Fees and Financing

Total Investment: $316,100 - $2,660,600
Franchise Fee: $50,000
Ongoing Royalty Fee: 4.5%
Term of Franchise Agreement: 20 years, renewable
Financial Requirements
Net Worth: $1,500,000
Liquid Cash Available: $500,000

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