BurgerFi
Food & Beverage · Fast-Casual Restaurants
- Active units
- 66
- Royalty
- 5.5%
Franchised, year-end 2024
of weekly Net Sales
About BurgerFi
BurgerFi is a fast-casual restaurant chain based in the United States. It was founded in 2011 by John Rosatti and is headquartered in North Palm Beach, Florida. The company primarily focuses on serving all-natural Angus beef burgers that are free from hormones, antibiotics, and steroids. In addition to burgers, BurgerFi offers a variety of other menu options such as hot dogs, chicken, veggie burgers, and fresh-cut fries. They also have a range of specialty milkshakes, including their signature Concrete shakes made from custard and mix-ins. BurgerFi has expanded its operations globally, with locations in countries like Panama, Mexico, Kuwait, and Malaysia. The company has also formed partnerships to reach wider audiences. For instance, in 2017, BurgerFi collaborated with Anthony's Coal Fired Pizza to create the Anthony's BurgerFi Meatball Burger. In terms of market position, BurgerFi has experienced steady growth over the years. It has positioned itself as a premium burger chain, differentiating itself from fast-food giants like McDonald's and Burger King. BurgerFi's commitment to high-quality ingredients has helped it stand out among its competitors. Throughout its history, BurgerFi has achieved several notable accomplishments. In 2014, it became the first national burger chain to serve the Beyond Burger, a plant-based patty. This move showcased BurgerFi's commitment to catering to a diverse range of dietary preferences. Currently, BurgerFi continues to expand its presence both domestically and internationally. Its menu and offerings have evolved over time to include more plant-based options, catering to the growing demand for vegetarian and vegan alternatives. The company's dedication to quality ingredients and innovative approach positions it well for future success in the competitive burger industry.
Key terms
- Franchise fee
$35k
- Brand fund
2.0% of Net Sales
- Development Agreement
$35k
- Veteran discount
Not offered
Brand Percentile Rankings
Rankings compare brands in the same operating year. Fee and investment figures come from the FDD (2025 filing).
Growth
- Total locations66
Franchised units open at year-end
- New openings8
Gross new units opened during the calendar year
- 1-year unit growth rate-15.4%
Net unit growth versus prior year
- 3-year unit CAGR-13.4%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio0.4×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)$1.3M
Average annual gross sales for franchised restaurants open a full calendar year in 2024.
- Annual unit volume (25th percentile)—
Per FDD Item 19 disclosure
- Annual unit volume (75th percentile)—
Per FDD Item 19 disclosure
- 1-year Median AUV growth rate—
Year-over-year change in median AUV
- Store-level EBITDA Margin—
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment$938k
Midpoint of estimated initial investment range
↓ Lower is better - Time to open—
Midpoint of average time from agreement to opening
- Royalty rate5.5%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio1.3×
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns—
Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.
Franchisee healthLocked
- Unit closure ratio
- Transfer vs. closure ratio
- Percent multi-unit franchisees
- Litigation rate
- EBITDA multiple on sales & transfers
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Sources
Financial and operating figures are sourced from the brand's Franchise Disclosure Documents. Brand percentile rankings are based on comparisons to other brands that include the same metrics in their Franchise Disclosure Documents.