BurgerFi is a fast-casual burger restaurant chain specializing in Angus beef burgers and craft beer. The franchise serves a variety of burgers, hot dogs, and sides in a relaxed, sustainable restaurant setting.
Key Insights
- BurgerFi emerged from a desire to offer a superior burger experience, focusing on quality ingredients and a modern, inviting atmosphere that has grown into a recognized name in the fast-casual dining sector.
- The franchise operates a distinct restaurant model, serving a menu centered around premium burgers, hot dogs, and sides, with a commitment to a guest-first service approach in a vibrant, urban-inspired setting.
- BurgerFi is positioned within the expansive and evolving fast-casual dining industry, a segment known for its growth and consumer demand for higher-quality, convenient food options.
Franchise Fee and Costs to Open
Exploring the financial picture of BurgerFi gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $704,750 - $1,171,500, along with a franchise fee of $35,000 - $35,000.
Financial Performance and Revenue
Yearly gross sales of $1,241,070 and estimated earnings of $148,929 - $186,161 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 6.1-8.1 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
BurgerFi provides comprehensive training for new franchisees. The initial program offers hands-on instruction at their corporate facility, typically lasting two weeks. This training covers all essential aspects of operating a BurgerFi restaurant. BurgerFi also offers ongoing support and resources to assist franchisees in their journey.
Legal Considerations
Legal considerations for a BurgerFi franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Operating a BurgerFi franchise presents considerations around establishing a unique market position amidst existing burger joints and fast-casual eateries. Managing day-to-day operations, from staff training to inventory control, requires diligent oversight. Furthermore, maintaining consistent product quality relies on adherence to established supply chain protocols for key ingredients.
Franchise Datasheet
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