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Thinking of Buying a Burger King Franchise?

Basics to Consider Before Becoming a Burger King Franchisee

If you’re thinking about buying a Burger King franchise, there are many things to consider before signing on the dotted line.  Becoming a Burger King franchisee is not a guarantee of success, but rather a blueprint that can assist you in achieving success.  Given the correct market conditions, skills and dedication, being a Burger King franchisee might be financially rewarding.

Owning a Burger King franchise is a serious commitment and works best when you make a thoughtful decision.

Just because you love Whoppers doesn’t mean that you will be able to successfully operate a Burger King franchise.  Being emotionally attached to the idea of becoming a Burger King franchisee is not a state of mind in which you can evaluate an opportunity.  Your positive experience as a customer of Burger King should not form the basis for deciding to become a Burger King franchisee.  

After selling my business, I spent several years both teaching and studying.  While studying for my Master’s Degree in International Business in the early 1990’s, I was introduced to the franchise business model.  This chance encounter changed my life.

You must conduct smart due diligence and determine from a business perspective whether owning a Burger King franchise is right for you.

Here is some basic information about owning a Burger King franchise, including Burger King’s history, number of Burger King franchises, and financial requirements for owning one:

Business Description

Our Vision: We proudly serve the best burgers in the business, plus a variety of real, authentic foods - all freshly prepared - just the way you want it! BURGER KING ® Corporation operates more than 11,220 restaurants in all 50 states and in 60 countries around the world. 90% of the BURGER KING ® restaurants are owned and operated by independent franchisees, many of them family-owned operations that have been in business for decades

Franchisor Background.

Year Established: 1954     Franchising Since: 1961     Operating Units:           10,144       90.4%   Franchised Units: Company-Owned Units: 1,079 9.6%   Total Operating Units: 11,223 100.0%           Geographic Distribution:       U.S.: 7,679 68.4% In 50 States Canada: 0 0% In 9 Canadian Provinces International: 3,544 31.6% In 0 Foreign Countries Total: 11,223 100.0%           North America:       States/Provinces with the largest number of operating units: Density   Units   Registered in Following Registration States: California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District Of Columbia, Alberta Financial Requirements     Investment:     Minimum Net Worth: $1.5MM   Cash Investment: $Varies   Total Investment $Varies   Average Total Investment: $-1K   Fees:       Initial Franchise Fee: $50K     Average Franchise Fee: $50K     On-Going Royalty: 4.5%     Average Royalty: 4%     Advertising Fee: 4%

If you truly want own a Burger King franchise, get all the information you can from Burger King.  Talk to Burger King franchisees and secure a qualified advisor who has experience helping people like you purchase franchises.

Make sure that owning a Burger King franchise fits in with both your skills and life style objectives.  If you don’t want to work evening and weekends, don’t purchase an ice cream shop.  If you’re an introvert, don’t buy a franchisee that requires you to be extroverted. Click here to download the questions you should ask yourself before considering the purchase of a Burger King franchise.

Carefully read the Burger King Franchise Disclosure Document.  They can be intimidating. Chapter 7 of The Educated Franchisee explains what a Franchise Disclosure Document is and what the terms mean. Also, it’s wise to have a seasoned franchise advisor or lawyer review these documents with you.

As you are reviewing Burger King’s Franchise Disclosure Document you will have a number of calls with Burger King’s franchise team before you will be allowed to call Burger King franchisees.  Click here to download the questions you should ask the Burger King franchise team.

When you are allowed to call Burger King franchisees make sure you speak to at least five of them.  You will find that most Burger King franchisees will be honest and unbiased about Burger King.  Click here to download the questions you should ask Burger King franchisees.

Put together an estimated P&L (profit and loss statement) and see what the numbers might look like if you become a Burger King franchisee.  Reading Chapter 13 of The Educated Franchisee teaches you the secrets of this key step.

The decision making tools in Chapter 15 of The Educated Franchisee show you how to honestly evaluate whether or not buying a Burger King franchise is the right move for you.

If you’re serious about becoming a Burger King franchisee and want to explore owning a Burger King franchise, take the best first step you can and grab your copy of The Educated Franchisee today!