Burger King Franchise
Sunday, January 31, 2010 at 02:30AM Quick-service hamburger restaurant
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 10,000 USD th location in Sydney, Australia.
Start-up Costs & Franchises Fees
What is the total cost to open a Burger King Franchises?
Total Cost: $294,000 USD -$2,800,000 USD
Total Franchise Fees: $50,000 USD
Ongoing Royalty Fees: 4.5%
Ongoing Advertising Fees:
Term of Agreement: 20 years
Franchise Agreement Renewal Fee: $50K
Contact Information for Burger King
|
Burger King Corp. |
Phone Number: (305)378-7579 |
Burger King In the Press
No results at this time.Historical Expansion
In what year did Burger King begin operations? 1954
When did Burger King begin selling franchises? 1961
Year United States Canada International Corporate 2004 7050 228 3185 1182 2003 7252 233 3090 1150 2002 7552 244 2629 1038 2001 7756 214 2409 993 2000 7826 208 2495 867
Future Expansion
Countries of Interest: Africa, Asia, Canada, Eastern Europe, Middle East, Western Europe,
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No No Initial Start-up Capital No No Plant, Property, and Equipment No No Inventory No No Accounts Receivable No No Payroll No No
Training & Support
Support
Meetings, Toll free phone number, Grand opening support, Safety and Security procedures, Field support and site evaluation
Marketing
Cooperative advertising, National media, Regional advertising support
Qualifications & Business Experience
Business Experience:
Industry experience General business experience Sales & marketing experience
Jason Rager's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must use my system to receive these benefits and so much more. Click here.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes