Burger King
Burger King Company LLC operates and franchises quick-service restaurants specializing in hamburgers, offering a limited menu of breakfast, lunch, and dinner products under the proprietary BURGER KING® System, which includes specific trademarks, designs, equipment, color schemes, operational standards, and procedures. The business model grants franchises to individuals or entities for developing and operating new or existing BURGER KING® Restaurants, often via Target Reservation Agreements, Multiple Target Reservation Agreements, or Development Agreements committing to multiple units. The target market encompasses the general population, with the highest patronage frequency from ages 18-54, in a highly competitive quick-service restaurant industry influenced by tastes, economics, and traffic patterns.
Franchise Costs
4.5% royalty + 4.5% ad fund + $500/mo building improvement (certain BKLs) + $200-300/mo static menu board + $60-100/mo service desk + $50/mo BK University.
Financial Performance
Item 19 Financial Performance
Data Based On: Sales information for 5,515 franchisee-owned and 1,097 company-owned Traditional and Non-Traditional Restaurants, open and operating for the entire 12-month period ended December 31, 2024, as disclosed in Section A.
* Calculated weighted average gross revenue using data from Page 3, combining 'Traditional Franchisee-Owned' and 'Non-Traditional Franchisee-Owned' categories: (4,774 Traditional Franchisee-Owned units × $1,658,463 average sales + 741 Non-Traditional Franchisee-Owned units × $1,321,324 average sales) / (4,774 + 741 total units) = $1,613,164.72, rounded to $1,613,165. Median gross revenue is taken from the 'Traditional Franchisee-Owned' category ($1,561,502) as it represents the largest segment of franchisee units (4,774 units out of 5,515 total franchisee units included in the calculation) and an overall consolidated median was not provided. No net income, net profit, EBITDA, or expense data was provided for profit estimation, as explicitly stated on Page 1.
Extracted Item 19 Section
How Burger King Compares
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
Burger King Current | $2.1M – $4.7M | $50K | 4.5% | 19,732 |
| MCDONALD'S | $1.5M – $2.6M | $45K | N/A | 12,772 |
| AFC | $45K – $151K | $6K | 9.5% | 3,572 |
| SONIC DRIVE-IN | $1.7M – $3.1M | $15K | 5.0% | 3,441 |
| JIMMY JOHN'S | $366K – $728K | $35K | 6.0% | 2,647 |
| ARBY'S | $645K – $2.5M | $38K | 4.0% | 2,316 |
Fast Food Average 126 franchises | $594K – $1.5M | $35K | 6.1% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 126 Fast Food franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2024)
Outlets by state across the United States
+36 more states
SBA Loan History
Historical SBA 7(a) loan data for Burger King franchisees (2010 – 2025)
Loans by Year
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
6,147 franchisee contacts on file from official FDD filings.
| Name | SBA Loan |
|---|---|
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
6,147 Contacts Available
Unlock all Burger King franchisee contacts with verified contact information
Due Diligence
Litigation (Item 3)
Primarily disputes involving unpaid royalties and advertising contributions, franchise agreement terminations, ad fund mismanagement, wrongful termination claims, lease/insurance obligations, pricing restrictions, and development agreement breaches.
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
The total initial investment to open a Burger King franchise ranges from $2,064,200 to $4,730,500. This includes a franchise fee of $50,000. Ongoing royalty fees are 4.5% of gross sales.
Unlock Full FDD Access
Download Burger King's complete FDD plus 1,700+ other franchise documents — all with one plan.
Secure checkout with Stripe · Cancel anytime
Also includes FDDs for
More Food & Beverage Franchises
Subway
Food & Beverage
MCDONALD'S
Food & Beverage
DUNKIN'
Food & Beverage
DOMINO'S PIZZA
Food & Beverage
POPEYES LOUISIANA KITCHEN
Food & Beverage
AFC
Food & Beverage
