Lowest cap rate over past 24 months
12 mo avg with 5+ yr lease term
|Average Sale Price||$1,500,000 - $2,250,000|
|Average NOI||$70,000 - $120,000|
|Lease Term||20 Years|
|Escalations||10% Every 5 Years|
For well over fifty years, Burger King stands as the 2nd biggest quick service restaurant across the globe.
Statistics show over 15,000 Burger King different restaurants established in roughly one hundred countries around the world. Out of these, approximately 76 are corporate owned, showing how reliant they have actually been on the franchise business (nearly 100%).
Back in 2010, Burger King quadrupled annual revenues, doing so well that they added 631 brand new locations in 2015. This was up from 173 units constructed in 2010, recording the fastest QSR growth in all of international retail history.
Then in 2014, an entity called Restaurant Brands International Inc. became the indirect parent company of Tim Horton’s and subsidiaries, which included Burger King Worldwide and all of its consolidated subsidiaries.
Just last year in 2016, Burger King offered to renovate U.S. franchisee operations to boost a more modernized image. It’s interesting to note the large variety of revenue sources Burger King produces, including everything from franchise sales and revenues, to property income through leasing with sub-leasing to franchisees, and of course overall retail sales.
|Headquarters||Blue Lagoon Drive, Florida|
|Number of Locations||19,247|
|Key Principal||José E. Cil|