BurgerFi
BurgerFi is a fast-casual restaurant franchise offering all-natural Angus burgers, hot dogs, fresh-cut fries, onion rings, craft beers, wine, and frozen custard products, with lunch and dinner menus available for dine-in, take-out, or delivery. The business operates under a proprietary system including specific recipes, trade dress, trademarks, and operational standards to ensure quality and uniformity. It targets consumers seeking premium, natural fast-casual dining experiences, competing in a highly competitive market with other burger chains and restaurants.
Franchise Costs
5.5% royalty + 4% marketing contribution (2% to Marketing Fund + 2% local) + $279/mo fixed fees (online ordering, LMS, gift card/loyalty)
Financial Performance
Item 19 Financial Performance
Data Based On: 55 franchised outlets open and operating for a full calendar year at the end of 2024
Extracted Item 19 Section
How BurgerFi Compares
Key Insights
- Higher investment than 78% of Fast Casual franchises
- Higher than average SBA loan default rate in Fast Casual
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
BurgerFi Current | $705K – $1.2M | $35K | 5.5% | 66 |
| Tropical Smoothie Cafe | $300K – $721K | $35K | 6.0% | 1,371 |
| TROPICAL SMOOTHIE CAFÉ | $300K – $721K | $35K | 6.0% | 1,371 |
| FIREHOUSE SUBS RESTAURANTS (UNIT) | $379K – $1.4M | $20K | 6.0% | 1,248 |
| Zaxby's | $1.4M – $3.8M | $35K | 6.0% | 826 |
| Qdoba | $548K – $1.3M | $40K | 5.0% | 652 |
Fast Casual Average 107 franchises | $532K – $1.2M | $39K | 5.6% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 107 Fast Casual 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
+11 more states
SBA Loan History
Historical SBA 7(a) loan data for BurgerFi franchisees (2013 – 2022)
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
75 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 |
75 Contacts Available
Unlock all BurgerFi franchisee contacts with verified contact information
Due Diligence
Litigation (Item 3)
Primarily fraudulent inducement, misrepresentation, and breach of contract disputes with franchisees and developers, including failures to meet development schedules and operating standards.
Bankruptcy (Item 4)
International and its affiliates filed Chapter 11 on September 11, 2024.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
The total initial investment to open a BurgerFi franchise ranges from $704,750 to $1,171,500. This includes a franchise fee of $35,000. Ongoing royalty fees are 5.5% of gross sales.
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