burger king franchise owner salary

How much does a Burger King franchise owner make a year? We provide a detailed skills assessment to all our clients as part of our free service. Based on the company location, we can see that the HQ office of Burger King Franchise is in JASPER, TX. Looks like your subscription is due. Greater Los Angeles Area. 8. There are some very exciting emerging salon franchises that offer unique experiences like serving beer and scotch to customers, and several brands that have a membership hair cutting model, which I think will be a game-changer in the industry. You are going to downgrade your subscription.This action will proceed the difference in cost of plans and reset subscription period after moneyback. In the survey mentioned above, 28,500 franchise owners reported their income and some other demographic data. The year is 1954. Annually updated and regularly verified data to get your sales agents in touch with the real decision making owners and operators of Burger King fast food restaurants in the United States. How well you run the restaurant. The largest Burger King franchisees grossed $1.9 million and up. That's more than twice the profitability of the average small business. Their website outlines an effective corporate responsibility plan for the smooth operation of their services. If you think Burger King is the right franchise for you, or you are interested in other franchise opportunities in the Food and Beverage Industry. This will help you to identify any areas in which you may need to improve. Median sales for 2021 were around $1.4 million overall and were $1.2 million with franchisor-owned restaurants. The company is headquartered in Miami, Florida, and is led by CEO Jose Sil, a former head at Dominos. There was a significant jump in Carrols EBITDA in Q1, from, Despite the economic downturn brought about by the COVID 19 pandemic, Carrols Restaurant Group proved their resilience throughout the fiscal year of 2020, as top line restaurant. Click here to visit the Employee Portal. Burger King is a franchising operation with a centralized management structure. Submission of a business plan containing planned organization structure, operations plan, marketing, growth and acquisition plan. The Commissioner's Office told Insider: "The state investigation found that workers were told to clock in their scheduled time even if they had to start working earlier than their set schedule. Burger King Franchise pays an average salary of $4,061,874 and salaries range from a low of $3,506,265 to a high of $4,675,229. Lastly, some people argue that Burger King is not as popular as it once was and that there are better alternatives out there. 51. Don't Give in to Lifestyle Inflation. The average number of salons owned by franchisees in the system we referenced above after five years is 6.5 units. Individual salaries will, of course, vary depending on the job, department, location, as well as the . The estimated base pay is $59,220 per year. For example, looking at 2020, they made a little over $1.5 billion in total revenue, specifically $1,547,502,000. Access your favorite topics in a personalized feed while you're on the go. However, some people argue that the quality of the food at Burger King is not up to par with other restaurant chains. . The approval process for a Burger King franchise includes: The highest-earning franchise made around $4.8 million in revenue whereas the lowest-earning franchise made less than $200,000. We'll dig into the details behind this wide-range of startup costs later in the report, but to keep things simple the location matters a lot in determining startup cost. Financial Services The financial service industry has created the most number of millionaires since modern times, according to the Wealth Report. Note the average gross revenue is about half of a McDonald's location. Royalty. We'll cover what the expenses are involved in starting a food franchise in a future article. The company also offers evaluations, opening events . Keep in mind that McDonald's franchises can and do lose money, and some can net half a million dollars or more. The numbers don't lie: 67 percent of all franchisors who launch don't sell a single franchise in their first two years. Also not to be confused with a MASTER cleaning franchise which is more about selling franchise contracts. Furthermore, their delivery platform served as an important success factor, going from contributing nothing to approximately, of restaurant sales by the end of 2020. The average system wide gross revenues for stores open more than 1 year is$2,815,000. Owning a franchise unit can be demanding, requiring work of 60 to 70 hours a week, but owners have the satisfaction of knowing that their business's success is a result of their own hard work. How much money do you need to buy a franchise? According to our data, the highest paying job at Burger King is an Independent Executive Consultant at $180,000 annually while the lowest paying job at Burger King is a Food Handler at $11,000 annually. A franchisee is required to participate in a training program to learn about the fast-food business and industry. Last Updated: The company currently operates more than 33,000 locations worldwide, with profits exceeding $89 billion. Hair Salons, Barbershops and Beauty FranchisesThis data comes from one of the biggest brands and locations open over 2 years. An accountant with 0-2 years of experience earns an average salary of $20,425, a mid-career professional with 3-6 years of experience makes $49,588 a year on average, and a senior level accountant with 7-12 years of experience enjoys an average annual salary of . Burger King franchise owners' profits have also become a problem for the company. Please renew to keep using our services. How much do Burger King owners make a year? The average franchise profit percent will depend largely on your average sales, which can vary anywhere between 400,000 to 1.4 thousand a year for the traditional brick and mortar franchises. By clicking Sign up, you agree to receive marketing emails from Insider In the business of money, people make a lot of money. Buying a franchise might seem like easy money, but those royalties and fees will quickly cut into profit margins. Is Snap Fitness Franchise worth your time and money? The total investment to open and operate a Burger King of Canada franchise ranges from $1.4 million to $2.5 million. If you are a bad fit, even with the top franchises, you will not make money. The payoff comes a few years later, when they can relax and enjoy the fruits of their labor. Burger king Franchise owner salary ; Who owns the Burger king franchise? It all depends on 3 main factors 1. Founded in 1954, McDonald's has since climbed to be one of the most widely-recognized franchises in the world. The estimated total pay for a Owner at Burger King is $81,537 per year. The single highest earning franchise in the entire McDonald's system in 2019 that was open for at least one year grossed $12,457,000, and the lowest location generated $557,000. Burger King Corporation is continuously looking for multi-unit operators that are committed to providing an excellent guest experience. Some franchisees find that they're working 80 hours a week while they get their businesses up and running. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. How many hours a week does a franchise owner work? Their net income since 2019 has been at a loss, although in 2020 they were able to minimize this loss by a few million dollars. contact@carrols.com +1 315 424 0513 What franchise owners make the most money? What is the average profit from a franchise? Before opening a restaurant, a franchisee must complete the training program of the franchisor successfully. 41. Transfer of Interests. Yes, Burger King is a franchise with over 18,000 locations worldwide, of which about 7,000 are in the U.S. alone. How much money do you need to buy a franchise? What does a Taco Bell franchise cost? A row between the fast food giant Burger King and one of its major franchise owners has erupted over roadside signs proclaiming "global warming is baloney". You need to pay the licensing fee of between $50,000 $315,000 and you must have over $1,000,000 in liquid assets to be considered for a licensed store by Starbucks. Franchise agreements include an additional royalty fee of 4.5%. Low saturation compared to other brands. We also have a senior care franchise in our portfolio with a territory that generates more than $30,000,000! The average cost to open a traditional location is $233,325. The Burger King is owned by James W. McLamore and David Edgerly. May 2013 - Present9 years 10 months. That amounted to just over $9,500 per worker.An investigation was opened into Golden Gate's Burger King franchises in 2019 and a decision reached the following year that was appealed. What's the most successful franchise? Second Largest Fast Food Hamburger Chain in the World. What is the number 1 franchise in the world? The highest-earning franchise made around, We can estimate that based on net revenue of. 18. The average salary of Burger King Franchise is $4,061,874 in the United States. Average Subway Business Owner yearly pay in the United States is approximately $86,426, which is 33% above the national average. Interestingly enough, Carrols Restaurant Group still recorded positive cash flow, indicating an increase in the companys liquidity. Average Burger King hourly pay ranges from approximately $7.25 per hour for Founder and CEO to $23.62 per hour for Maintenance Technician. Pay ranges for the same job title may differ based on the location and the responsibilities, skills, experience, and other requirements for a specific job. 52. Burger King offers meetings, evaluations, a grand opening event, and a toll-free phone number to call for problems to its franchise owners. The franchise receives 10's ofthousands of applications every year and typically opens between 80-100 restaurants. Legally, franchisors cannot give income amounts or forecasts of future income. Fast-food chain franchisees generally dislike value menus. . Subway: $10.8 billion in system-wide U.S. sales. Collect and organize your financial portfolio information to qualify for a franchise and a bank loan. Investment is between $150-$200k including your working capital. How much does it cost to open a Little Caesars? Because of the good brand value of the food chain, a person is less likely to face any loss. The company will probably recover, but it is important to keep in mind that it is a business that can be affected by such phenomena. Beyond a standard set-up fare, Burger King is known to offer salads, meals for kids, breakfast items, combo meals, etc, that can be bought and enjoyed via a drive-through or in the comfort of the store itself. Dhanani is the second largest Burger King franchise owner in the country and owns Burger King locations in several states. By doing this, the initial investment is reduced to a rough estimate of $220,000 $1,450,000. Burger King Corporation. McDonald's did much better with an average of around $150,000 per restaurant. Please confirm by clicking on the Cancel Subscriptionbutton below. His widow sold the company to two Burger King franchisees in 1985 and soon Whopper Burger was acquired by Burger King. After visiting the McDonald brothers' original store location in San Bernardino, California, the founders and owners (Keith J. Kramer and his wife's uncle Matthew Burns), who had purchased the rights to two pieces of equipment called "Insta-machines", opened their first restaurants. Starbucks: $13 billion in system-wide U.S. sales. How much does an Owner make at McDonald's in the United States? How profitable is Burger King? Find a Career with Carrols! Our greatest asset is our people. For example, looking at 2020, they made a little over. Additionally, you will want to look at the franchises overall ratings in order to determine how popular it is. What are some typical titles and locations for Burger King Franchise jobs? In Q1 of 2021, total restaurant revenue increased 10.9% to $390 million, compared to $351.5 million in Q1 of 2020. Sorry for the inconvenience." Ans: To become an approved Burger King Outlet owner, one would at least require an initial investment of Rs. Franchises collect royalties on gross earnings, so they typically don't track the net. Franchise royalties are usually collected by your franchisor on a monthly basis. Can you make a living owning a franchise? How much does a Business Owner make at Subway in the United States? Burger King is a global restaurant chain with around 20,000 locations in over 75 countries. Boston A Burger King franchisee with 43 stores in Massachusetts has agreed to pay a $250,000 penalty and has come into compliance with state law . Competitors of Burger King include other franchises in the fast-food industry such asMcDonalds,Subway,KFC, and other Burger Kings nearby. Also, Burger King has been listed as one of the 1000 big corporations in the United States as per Fortune magazine. We own and operate over 800 Burger King Restaurants. You will need an initial start-up capital of RM5,000 to RM6,000 depending on the brands and prices of the utensils you get: Average price of a metal burger stall = RM2,000 to RM3,000. The franchise agreement, though, fails to imply or grant a particular kind of territory or area, protected, exclusive, or otherwise, or a protected circle of customers. So you can potentially generate the same revenue as a Taco Bell Franchise, 1.6 million per year, with a much lower investment - a Taco Bell franchise will cost about 1.6 million to open, a senior care franchise is around 100-150K. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. That is if you decide to go the traditional route. Where you find a McDonald's, you often will find a Burger King. They mainly offer a wide variety of burgers and fries. Over the last three years the company has seen significant growth, with the exception of 2020, the year the pandemic began. It currently operates 1,010 Burger King restaurants in 23 states as well as 65 Popeyes restaurants in seven states. More than 12,300 Locations Serving 11 Million Guests Per Day. My experience is that franchisees will speak to you only after you sign the franchise agreement. Conclusion: Is the Burger King franchise for sale worth it? Most of these franchises provide in-home care to seniors, and owners hire and manage teams of caregivers. Before anything, you must determine what your services will include. The upfront fee must be paid before opening the restaurant. They may also reveal information or provide tips on interviewing skill requirements, and other factors that could help when applying for a position at that company. What is the average profit from a franchise? How much does a subway owner make a year? The environment of today is not the environment of yesterday and competition in food is much fiercer than in past decades. At In-N-Out Burger, you can expect a team-friendly environment and a variety of flexible shifts. Application Fee. In 2018 there was a growth of 104 units, whereas in 2019 it was only 14. , thanks in part to their large scale acquisition activity in 2019. That includes hedge fund managers, investment bankers, and private equity investors. One problem we find with highly established brands is territory availability, so part of what we do is help buyers determine what brands are available, have open contiguous territory, and make the most sense demographically for their region. Dunkin' Donuts financials breaks down earnings throughout the country so at the high end if you have a drive-thru freestanding building in the Northeast you'll average$1,397,936 and at the low end a freestanding restaurant with no drive-thru in the west only $974,874.00. Toms King Holdings LLC, one of the largest U.S. Burger King franchisees, with 90 restaurants in Illinois, Ohio . Choosing the right business in the right industry, and going in with preexisting entrepreneurial experience and/or existing wealth can help, but your income-generating potential may still be somewhat limited. What are the top 3 biggest franchises in the world? Instead, both a franchise owner and a franchisor make money through the business' success. Can a franchisee become a millionaire? Needless to say, running a franchise as a solo act - or even with great managers - can be an insanely stressful experience. Top 22 Online and Home Based Jobs in the Philippines. How much does it cost to open a Burger King? Initial Investment. What are the advantages and disadvantages of EPC contracts? After five years in the business, when you go to sell your franchise based on the median multiple of .34 and net sales average from 2019 of, . Reviews: 84% of readers found this page helpful, Address: 87313 Erdman Vista, North Dustinborough, WA 37563, Hobby: Taekwondo, Macrame, Foreign language learning, Kite flying, Cooking, Skiing, Computer programming. You can ask these questions in your burger king discovery day interview also. The second requirement is about the location of the restaurant. View complete answer on mobile-cuisine.com. Does the pdt rule apply to cash accounts? Your email address will not be published. Is owning a fast food franchise profitable? Intercreditor Agreement (if the franchisor agrees to sign): $2,000. Your input helps Glassdoor refine our pay estimates over time. Save my name, email, and website in this browser for the next time I comment. The Corporation was founded in 1954 in Miami, after just another four years, the company's two founders sold the business's first franchise, which led to the rapid expansion of Burger . In 2020, Carrols lost a lot of their franchises, decreasing from 1,036 restaurants at the beginning of Q1 to 1,028 at the end for a net loss of 8 restaurants in just one quarter. February 27, 2023, The estimated total investment needed for beginning operation is between, These fees are standard for most franchises in the. What is the largest franchise in the US? Pay at Burger King is significantly lower than some of its highest paying competitors, like Prandium, Inc., Fiesta Restaurant Group, and Quality Dining, which pay $46,394, $41,963, and $41,456, respectively. In 2018 there was a growth of 104 units, whereas in 2019 it was only 14. . A Burger King franchise generally costs somewhere between $316,100 to $2,660,600. However, like most CEOs, his total annual compensation figure is far higher than this. Is the Burger King Franchises Profit Worth the Cost? , indicating an increase in the companys liquidity. Franchise royalties range from 4% of your revenue all the way up to 12% or more. As of 2017, Daniel Schwartz is earning a salary of $800,000. Therefore, selling your multi-unit franchise would amount to $11,618,600. The Revenue of Fast-Food Chains in America Transcript. Will you still buy a Burger King franchise for sale in 2023? Burger King franchise owners must pay $2.2 million to 230 employees for unpaid wages and denying breaks. If the franchisor leases or owns the land and building or the land of the restaurant chain, it may sublease or lease a location to the franchisees. All Jobs; Carrols Corporation. Burger King: $10 billion in system-wide U.S. sales. 50. There are several emerging beauty and niche concepts that do have higher numbers up to about $90K+. Dunkin' brands average net revenues can be around 8-12% - we'll say 10% average so if your stores is doing 1 million you can expect a profit of around$100k per year. You'll earn a solid six figures, have limited risk, be part of a solid organization with traditional values but you do not own the store or gain any equity. McDonald's. What are the top 3 biggest franchises in the world? Total cost: A standalone Taco Bell franchise location is estimated to cost between $1.2 million and $2.6 million, exclusive of land and lease costs. Or if you are disabled or on social security of some kind and legally can only work a limited amount of hours. Burger King is undoubtedly one of the costliest franchises a person can consider owning. A franchisor makes money from royalties and fees paid by the franchise owners. But how much does the owner keep of that? Most brands look for minimal liquidity of $100k to $300k, and net worth between $200k to 1m. In-restaurant training is also held in several restaurant locations authorized as training restaurants. This means that the owner does not need to manage the business full time. How much does it cost to franchise a Burger King in the United States? There are only a few franchises at the top of their respective industries for earnings and the vast majority are mediocre. Here are some other companies that are located close to Burger King Franchise. Calvert and Burger King did not immediately respond to requests for comment from Insider. That is 10 times less than an average Chick-Fil-A. These numbers can be deceptive because the footprint size of your location will have a huge impact on your bottom line, and some franchises have larger footprints than others, with some requiring no physical location at all. $2,000 for the first restaurant and $500 for each additional restaurant. Prices can vary depending on the length of the property control, with the minimum being $15,000. Smart investors call Franchise City because we have all the data on file. Have you subscribed to us on YouTube? There fails to exist a right of renewal. You get price off frys but not the ice cream, Good work, but quite hard to work every day, The only way you receive reduced or flexible hours at Burger King is if you are a minor and can only only legally work a limited amount of hours. They assume food franchise owners are the biggest moneymakers, but according to a Franchise Business Review report, 51.5 percent of food franchises earn profits of less than $50,000 a year and only about 7 percent of food franchises have profits over $250,000. Yes, there are in fact many successful food franchise owners, but keep in mind many of them opened years ago. It is also very difficult to get a Chick-fil-A restaurant . At the same time, Carrols was able to dramatically improve their operating margins in 2020, increasing their Adjusted Restaurant Level EBITDA by almost, The following charts are a modified version of the financial statements provided by the annual report, and what they indicate about the financial health of the largest franchisee of, Although Carrols had relatively impressive revenue numbers, they are surprisingly NOT a. company as measured by net income. The sum included $724,000 in unpaid wages, $1.2 million in penalties, and $371,000 in interest. Sorry. Here are the costs and fees associated with opening a new Little Caesars location: Estimated total investment: Starting at $379,000. As a Burger King franchises owner, you want to make sure that you are providing the best possible service to your customers. The estimated additional pay is $22,093 per year. Facts That Nobody Told You About Burger King, How much does a Burger King franchise cost. Here are a few of the most common reasons why franchises fail: The franchisor sells to unqualified, inexperienced, undercapitalized, or naive franchisees. airport) for as little as $220k. Franchise owner salary: a mixed bag. Investing in a well-known and robust franchise business can help you get huge profits, as well as diversify your investment. San Francisco Burger King Franchise Owners Fined $2.2 Million Dollars in Wage Theft Case More than 200 workers won a massive settlement against two franchise owners by Paolo Bicchieri Jan 12, 2023 . 13. A master cleaning franchise is a great business for people with sales experience, and the average gross for a cleaning master franchise is. A franchise contract tends to last for 20 years and can be renewed after such a period. What is the best franchise in the world? 119 Franchise Owners Burger King jobs available on Indeed.com. About Burger King Franchise. In order to make money from the franchise, the company requires a high level of operational efficiency from the restaurants. Additionally, some people argue that the franchise cost is too high and that the profit margins are not as high as they could be. How much does a franchise owner make a year? Burger King Corporation was founded in 1954 in Florida and is based in Miami. For example, a food franchise is a high-volume business. Based on a midpoint investment of $2,638,100 with estimated profits of $175,630, it will take about 15 years to recoup the initial investment in a Burger King franchise. Mickey Mouse & Friends $70.587 billion. How much does it cost to own a Starbucks? Is owning a fast food franchise profitable? - In Indonesian currency, the investment comes around Rp 4,576 million to Rp 43,577 million. You should look at the Burger king franchise owners list and talk to or meet them. Working Capital: $102,000 to $151,000. If you don't pay these fees on time or at all, the franchisor has the right to terminate the franchise agreement. Avoid Unnecessary Spending and Debt. We look at five of the biggest names in food franchising today, we explore how much money owners are making, and then compare food franchise earnings with other popular industries like beauty, cleaning, senior care, staffing and more. What food franchise makes the most money? You have probably heard of Burger King, one of the biggest fast-food companies in the world. Accountant. The opportunity at Burger King is a great one for those who are looking for a quick and easy business opportunity. So, the investment might be worth it only in the case of high profits. The following charts are a modified version of the financial statements provided by the annual report, and what they indicate about the financial health of the largest franchisee of Burger King. Bruce Bennett/Getty Images. $250 per individual applicant. "Many fast food employees are young, working their first jobs, and . But when you consider that a McDonald's franchise costs more than $1 million and can easily run more than $2 million, even McDonald's . This is considerably lower than the average initial investment of $2,638,100. Franchise fee: $50,000 Ongoing fees: Burger King charges an advertising fee (4% of gross sales) and royalty fee (4.5% . How much does it cost to open a Burger King? If buyers do manage to access the company financials in the FDD, it is almost always listed as gross revenue. Investment is between $150-$200k including your working capital. Your investment to start a single salon will range from around $150k at the low end, to $500k at the high end. The table shows below the name of the job title below you may be interested in including salary range and total compensation. How much do Burger King owners make a year? 9. Location 2.percentage rent paid to McDonald's or landlord 3. The franchise fee for Burger King is $50,000. A 4.5% royalty on monthly gross sales is paid to the company, in addition to a 4% advertising fee. Burger King is an industry leader with 34,248 employees and an annual revenue of $2.3B that is headquartered in Miami, FL. How many hours a week does a franchise owner work? Into profit margins Corporation is continuously looking for multi-unit operators that are committed to providing an excellent experience! Providing an excellent guest experience biggest fast-food companies in the world franchise receives 10 ofthousands! Vary depending on the company currently operates more than 12,300 locations Serving 11 Guests. Corporate responsibility plan for the next time I comment operation of their services ( if the franchisor.... This employer has claimed their employer Profile and is engaged in the FDD, it is including... Are young, working their first two years managers - can be an insanely stressful experience 75... Some typical titles and locations for Burger King franchise owner make a year 59,220 per year owns the King. Increase in the United States for Burger King of Canada franchise ranges from 1.4! Assessment to all our clients as part of our free service as per Fortune magazine period after moneyback 2.percentage paid! Intercreditor agreement ( if the franchisor agrees to sign ): $ for. Companys liquidity in 23 States as per Fortune magazine work a limited amount of.! Of 2017, Daniel Schwartz is earning a salary of Burger King is up... Out there franchisees find that they 're working 80 hours a week does a Burger King is great. Reduced to a rough estimate of $ 800,000 the company currently operates more 33,000..., indicating an increase in the United States is approximately $ 7.25 per hour for Founder and to... Receives 10 's ofthousands of applications every year and typically opens between 80-100 restaurants earnings and the average investment. Is based in Miami, Florida, and private equity investors with 90 restaurants in States! Sil, a former head at Dominos estimates over time franchisees grossed $ 1.9 million and up comment Insider. Figure is far higher than this total annual compensation figure is far higher than this franchise! Upfront fee must be paid before opening the restaurant, it is are better alternatives out.. Also, Burger King is $ 2,815,000 was founded in 1954 in Florida and led. Hq office of Burger King, one would at least require an investment. The sum included $ 724,000 in unpaid wages and denying breaks Chick-Fil-A restaurant experience that..., selling your multi-unit franchise would amount to $ 2,660,600 $ 2,638,100 franchise agreement costs! States as per Fortune magazine access the company is headquartered in Miami on net revenue of $ $. Estimate that based on the Cancel Subscriptionbutton below as gross revenue is about half of McDonald! Manage to access the company has seen significant growth, with the top of their services year is $ in. Such a period want to make sure that you are going to downgrade your subscription.This action proceed... In your Burger King is owned by James W. McLamore and David Edgerly 4 of! Bank loan opened years ago Home based jobs in the world exceeding $ 89 billion a future article,! Interview also smart investors call franchise City because we have all the data on.!, like most CEOs, his total annual compensation figure is far higher this. Of Rs, which is more about selling franchise contracts and fees paid by the franchise receives 10 's of! Will help you to identify any areas in which you may need to manage the business success! About $ 90K+ a franchisor make money through the business ' success a King... Salons owned by franchisees in 1985 and soon Whopper Burger was acquired by Burger did. To franchise a Burger King in several restaurant locations authorized as training restaurants a franchise over... Above, 28,500 franchise owners reported their income and some can net half a million dollars or more do lie., indicating an increase in the FDD, it is also held in several restaurant locations as... Than twice the profitability of the job title below you may be in... Much money do you need to manage the business ' success 59,220 per year King owners make the most of. Fee of 4.5 % the net a quick and easy business opportunity depending on company. Pay estimates over time average number of salons owned by franchisees in the Glassdoor community opened., Barbershops and Beauty FranchisesThis data comes from one of the franchisor successfully you. On monthly gross sales is paid to McDonald & # x27 ; profits also. Other franchises in the United States as well as diversify your investment EPC contracts outlines an corporate. This is considerably lower than the average gross for a owner at Burger:. - in Indonesian currency, the initial investment is between $ 200k to 1m, running a franchise might like. Sale in 2023 is paid to the company to two Burger King Outlet owner, can! - in Indonesian currency, the investment comes around Rp 4,576 million to 23.62! Salary of Burger King: $ 2,000 for the smooth operation of their services also, Burger restaurants! Chain, a food franchise in the system we referenced above after five years is 6.5.... To all our clients as part of our free service only work limited! Which you may need to manage the business full time, it is also in... A former head at Dominos email, and some can net half a million dollars more... The right to terminate the franchise agreement and talk to or meet them profits. Much better with an average of around $ 150,000 per restaurant profit worth the?! To about $ 90K+ of applications every year and typically opens between 80-100 restaurants ( if the agrees. 34,248 employees and an annual revenue of $ 800,000 the quality of the agrees. Determine how popular it is heard of Burger King, how burger king franchise owner salary do Burger King franchise for in... Last three years the company is headquartered in Miami, Florida, and net between. Paid before opening the restaurant, both a franchise with over 18,000 worldwide! The best possible service to your customers 10 times less than an average of around 150,000!: estimated total pay for a franchise growth of 104 units, whereas in 2019 it only... Many hours a week does a Burger King franchise is a high-volume.... Has created the most number of millionaires since modern times, according to the Wealth Report facts Nobody!, but keep in mind that McDonald 's in the United States franchise in our portfolio with centralized! High level of operational efficiency from the restaurants often will find a Burger King is $ 22,093 per..: to become an approved Burger King is not as popular as it once was and that there are emerging! From Insider open a Burger King franchisees in the world owners make a year are some typical titles locations! King franchise for sale in 2023 private equity investors and owns Burger.. The last three years the company currently operates 1,010 Burger King discovery Day interview also last... Because we have all the data on file 're working 80 hours a week does a franchise over. Of Canada franchise ranges from $ 1.4 million to $ 2.5 million several restaurant locations authorized as restaurants... Generates more than 12,300 locations Serving 11 million Guests per Day the of! Franchise for sale in 2023 $ 150- $ 200k including your working capital and owns King! The next time I comment should look at the top 3 biggest franchises the. Overall and were $ 1.2 million with franchisor-owned restaurants have higher numbers up to %... Above, 28,500 franchise owners Burger King Corporation is continuously looking for a owner at Burger King franchise owners pay! Name of the food chain, a franchisee must complete the training program learn! The financial service industry has created the most money next time I comment in several restaurant authorized... The minimum being $ 15,000 King franchises profit worth the cost growth, the. Was acquired by Burger King did not immediately respond to requests for comment from.... Much do Burger King franchisees in 1985 and soon Whopper Burger was acquired by King... Than 1 year is $ 4,061,874 in the United States since climbed be! Might be worth it only in the survey mentioned above, 28,500 franchise owners reported their income and some net... Employees and an annual revenue of $ 100k to $ 2,660,600 worth only... Later, when they can relax and enjoy the fruits of their services payoff comes few... Franchise jobs the fast-food industry such asMcDonalds, Subway, KFC, is! In over 75 countries franchises overall ratings in order to determine how popular is! Are providing the best possible service to your customers last Updated: the company headquartered! 800 Burger King is a global restaurant chain with around 20,000 locations in several States security some! Average Chick-Fil-A your revenue all the way up to about $ 90K+ kind and legally can work. The advantages and disadvantages of EPC contracts almost always listed as one of the good value... Anything, you must determine what your services will include the good brand value of the control... Them opened years ago action will proceed the difference in cost of and! King is a global restaurant chain with around 20,000 locations in several.! And typically opens between 80-100 restaurants CEO to $ 300k, and some can net half million! 12 % or more Holdings LLC, one of the good brand value of the has. Owner at Burger King franchise for sale in 2023 1 franchise in our portfolio a!

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