Burger King Corp.
At a Glance
Products & Services: Hamburgers, fries, breakfast
Number of Locations:
Total Investment: $294K - 2.8M
Founded: 1954
Began Franchising: 1961
BKC
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 serve chicken nuggets, salads, a breakfast menu and kids meals. In 1998, the company opened its 10,000th location in Sydney, Australia.
Startup Costs, Ongoing Fees and Financing
Total Investment: $294,000 - $2,800,000
Franchise Fee: $50,000
Ongoing Royalty Fee: 4.5%
Term of Franchise Agreement: 20 years, renewable
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
How This Franchise Supports Franchisees
Ongoing Support: Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations,
Marketing Support: Co-op advertising, National media, Regional advertising,