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Entrepreneur: Start & Grow Your Business

Burger King Corp.

Hamburgers, fries, breakfast

Background

Founded: 1954 Franchising since: 1961
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.

5505 Blue Lagoon Dr.
Miami, Florida 33126
Phone:
(866)546-4252


Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2005 6,641 212 3,091 1,168

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming

Costs and Fees

Total investment: $294K-2.8M
Franchise fee: $50K
Ongoing royalty fee: 4.5%
Term of agreement: 20 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No No
Startup Costs No No
Equipment No No
Inventory No No
Accounts Receivable No No
Payroll No No

Qualifications
Net worth requirement: $1.5M
Cash liquidity requirement: $500K
Business Experience:
  • Industry experience
  • General business experience
  • Marketing skills


Training and Support

Ongoing Support
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Security/safety procedures
  • Field operations/evaluations

Marketing Support
  • Co-op advertising
  • National media
  • Regional advertising