How to Buy a Burger King Franchise

Burger King is a fast service restaurant specializing in hamburgers, chicken sandwiches, salads and breakfast. They sell franchises across the United States and around the world, so you may not be limited by location. There are, however, a number of other things to consider when contemplating the purchase of a Burger King franchise. Read on to learn more.

Things You'll Need

• Startup money
• Financial team
• Business plan
• Business experience
• Food service experience
• Marketing experience

Instructions

1. Determine if you have the money to open a successful Burger King franchise. The Burger King franchise fee is $50,000 and the total investment necessary will be at least $300,000 and could be much more depending on the size and location of the restaurant. Burger King does not offer financing; so you'll need to go through your own private lender.

2. See if you meet Burger King's qualifications for a franchise. Burger King requires franchise owners to have past general business experience, marketing experience and experience in the food service industry.

3. Build a financial team of an accountant, a franchise attorney and a business adviser to draft a business plan. Analyze potential sales based on your location and compare that to the cost of product and product production, overhead, insurance and franchise fees. Burger King also earns 4.5 percent royalties on the sales you make.

4. Take into consideration the benefits Burger King can give you. Burger King will support you with grand opening support, meetings with Burger King officials, security procedures, safety procedures, evaluations, site selection assistance, training, national and regional advertising and co-op advertising.

5. Check around at other Burger King franchises in the area to see how satisfied they are with their business. While Burger King may be a successful national business, make sure Burger Kings do well in your area. Pay special attention to researching any Burger King franchises in your area that went out of business and the reasons behind why they were not successful.

6. Go to the Burger King website and click on "Franchise Opportunities" down at the very bottom of the page. Read through the information provided. At the end of the material, you'll be asked to fill out a franchise application. You will hear back from Burger King officials via email with further instructions.

Resources

• Go to the Burger King website to fill out a franchise application.