Burger King NNN Properties for Sale
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Logo used since December 21, 2020 |
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| Type | Subsidiary |
|---|---|
| Industry | Restaurants |
| Genre | Fast food restaurant |
| Predecessor | Insta-Burger King |
| Founded | Insta-Burger King: 1953 Jacksonville, Florida, U.S. Burger King: 1954 Miami, Florida, U.S. |
| Founder | Insta-Burger King: Keith J. Kramer and Matthew Burns Burger King: David Edgerton and James McLamore |
| Headquarters | 5505 Blue Lagoon Drive, Miami-Dade County, Florida, United States |
|
Number of locations |
 19,247 (2021)[1][2] |
|
Area served |
Global |
|
Key people |
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| Products | |
| Revenue | |
363,000,000 United States dollar (2012)  |
|
| US$ 1.02 billion (2021)[1][2] |
|
| Total assets |  US$ 4.94 billion (2021)[1][2] |
| Parent | Restaurant Brands International |
| Website | bk |
| Footnotes / references [3][4][1][2] | |
Burger King – A Globally Acclaimed American Restaurant Chain of Hamburgers & Fast Food
About Burger King :
Burger King is one of the most prominent internationally acclaimed chains of fast food and hamburger restaurants in America. Being a consolidated subsidiary of Restaurants brands international Inc. the company operates its outlets not only in the US, but across the world. RBI is a promising parent company based in Canada offering limited partnership to subsidiaries namely Burger King and Tim Hortons.
Owning more than 15,243 outlets across 100 countries as on September 2016, only 47.5% are present in the United States and rest are spread worldwide. At present, the company holds a significant presence across countries like Singapore, Japan, Australia, Spain, Taiwan, Switzerland and more. It continues to expand its reach worldwide by opening more franchises and privately owned outlets.
Its current market value
An indirect subsidiary of Restaurant Brands International Inc., the company trades in the NYSE (New York Stock Exchange) with the ticker name ‘QSR’ and TSX (Toronto Stock Exchange) with e ticker name ‘QSP’. The company today stands on #1,197 in the Forbes list of Global 2000 companies with an overall market value of $9.2 Billion as on May 2016.
Furthermore, the company holds #1,949 in terms of sales that amounts to $4.05 Billion, #1,118 in terms of profit ($512.9 Million), #1,182 in terms of assets ($18.41 billion) and #1,178 based on its market value. Talking particularly about the position of its subsidiary Burger King, it stands on 6th position among the top 10 fast-food chains globally, and owns over 4,998 international restaurants, as per Forbes.
According to the recent financial analysis report of Restaurant Brand International Inc., the growth in the comparable sales of Burger King is about 1.7% in terms of constant currency. It also estimates tremendous growth in its net income that presently amounts to $86.3 million this year as compared to $49.6 million the previous year. While comparing the increase in the number of its restaurants, BK shows a 7.0% increase this year.
The overall credit of such tremendous growth of the company goes to its extensive team of 34,248 employees as on financial year of 2015.
The story behind its existence
The inception of this renowned fast-food chain took place in the year 1953 with the parent name of Insta-Burger King at Jacksonville in Florida by Keith J. Kramer in partnership with his wife’s uncle Matthew Burns. The very idea of opening this restaurant came into the mind of its founders during their visit to original store location of McDonald brothers in California.
By purchasing the rights of two equipment namely Insta-machines, they began their operation. Going through several leaps and bounds over the years, the company became the third largest internationally recognized restaurant chain of fast food with the merger of Tim Horton and Burger King. At present, they both operate independently as a popular subsidiary of Restaurants Brands International Inc.
How it operates?
Having its global presence with more than 15,243 outlets across 100 countries, the company still seeks for its expansion by licensing numerous franchises. At present, about 99.5% outlets that it operates are privately owned. However, since 2013, the new owners are opening as the franchises of the company. Depending on the region to which you belong, its manner of licensing franchises differs. It is rigorously looking for ideal properties on lease to begin its operation across every region.
On a broader sense, in order to become a profit-earning partner of the company, you need to make minimum investment of $1M to $3M to either open its corporate owned or franchised outlet in your location. Furthermore, according to its corporate lease agreement, the minimum tenure of lease may vary between 15 years and 20 years. However, depending on the profit you earn, it can further extend its lease term with options from 20 to 40 years.
With its capital rate ranging from 4.5% to 6%, the company also assures of increasing the rent of your property after every 5 years by 10%.