How much is a Burger King Franchise
If you want to purchase a franchise from a franchise company which already has an established name in the industry but you think that you do not have the enough resources to purchase one, you should consider Burger King since it is one of the most affordable Franchise Company among the established ones there is.
Before you even plan to purchase a franchise of Burger King, it is important that you must conduct a research first on the profitability of the franchise company itself.
This is to ensure that you will gain a substantial amount of return on your total investment because your main goal in starting a business is to gain profit and not the other way around.
It is also recommended that you study the history or the background of Burger King itself to know more about the people who actually run the franchise company itself. Knowing the people who runs the franchise company will help you in dealing with them all throughout your business venture with them. Burger King was established by business partners James McLamore and David Edgerton in the year 1954. Their mission is to provide customers with “quality food, served quickly, at a reasonable price”. This mission has helped shape the fast-food industry that we have today; foods that are served quickly for a reasonable price.
For you to be able to qualify as a franchisee of Berger King, you should have at least the minimum amount of net worth which is at $1.5M and cash liquidity requirement of half a million dollars. There is also a franchise fee of $50,000 and a royalty fee of 4.5%. You should also take note that there is an advertising fee of 4%. The term of agreement is valid for 20 years and if you decide to renew it, there is a renewal fee of $50,000.
In the event that you do not have the required amount of capital currently on hand, you must consider borrowing from the banks or lending firms. But you must offer collateral when you decide to borrow money from the banks or lending firms. You can consider your assets and realty properties as your collateral. One important thing though that you must remember when borrowing money from the banks or other lending firms is to borrow only the amount of money that is within your paying capacity. This is to ensure that you will be able to pay the interest and other fees without being in-debt early on your business venture. You should also remember that the higher the amount you borrow, the higher the interest and other fees will be.
Burger King also provides its franchisees with adequate training to ensure that they have the enough or sufficient knowledge in running a Burger King franchise.
239 Comments
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- hi i am jayakumar william, i want to open burger king outlet in vellore-tamilnadu-632006. Vellore Institute of Technology is there to give me heavy business, tell me clearly how much should i spend and procedure. i am at +91-9500972832
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- hi sir / madam, i would like to know the detail of getting the franchisee of this brand so please do contact me on my number +91 7387-833-553. thank you regards Sagar Gajbhive
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- if u want commercial space in mumbai and maharashtra region we will provide the same to u on the terms and condition agreed please feel free to call us no. contact cell no.9867826364, 9769511881
- I would like get the whole details to start a franchise in India, Kerala. how the basic amount needed? formalities? how the outcome calculation?
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- In Delhi Rohini sector-9 How much money and space required
- I want to know that burger king will be come opened in Gujarat or not...and it will open then after how much time it require for opening...and have it contact any hotel management college for requirement of employee...pls ans. Me...
- I would like to inquire about the requirements that you need to put a franchise of the service/product that you offer. If you can send me the details for the following: - Are your services and franchise available in Nerul/CBD Belapur, Navi Mumbai? - What would be the total cost for the coverage of the franchise? - What are the features & benefits included in the franchise? I am waiting for your response, you may reach me at 022-4083 3900 (Monday to Saturday)
- Hi my name is Murad, I would like to open two Burger king franchise one in dhaka (jumuna future park )and another in sylhet, zinda bazaar. I was educated in uk and canada from childhood. I have the capital to invest ..Please contact me 0088 01611102091...
- i would like to open burger king franchise in alibag raigad district pls give me the details of how much investment required. my mob 9773391659
- Hi I would like to start Burger King outlet in Thana/Dombivali ( Both are Mumbai suburbs). Please guide me about estimated expenses and other requirements at your earliest.
- Hi, u would like to run your fast food restaurant by owning the franchise in Bangalore. I have good investment and have a successful other business too. I am keen and looking forward for your reply.
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- Interested in Nashik / Nasik outlet. Please email me the details.
- I am interested in taking a burger king franchise in delhi. Kindly contact me for the same.
- i want to open burger king franchise in main mkt of ambala cantt . space available is 1300+1300sq ft. kindly revert asap
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