Burger King - Statistics & Facts

Burger King is a quick service restaurant chain operating restaurants worldwide with headquarters based in Florida, United States. The restaurant chain was founded in Florida in 1953 under the name ‘Insta-Burger King’. Insta-Burger King was purchased in 1954, by its two Miami-based franchisees David Edgerton and James McLamore, who renamed it 'Burger King'. Much like many quick service chains, its menu has since grown to include options such as breakfast, dessert, and signature menu items such as the "Whopper". Most recently, Burger King has released the "Impossible Whopper", made with a plant-based patty, to appeal to those reducing meat consumption. These days, Burger King is amongst the most valuable quick service brands in the world with a value of over seven billion U.S dollars in 2019.

In recent times, the company has become an almost entirely franchised chain, with more than 18 thousand franchised restaurants. Today only 52 units remain company-owned. Although Burger King reduced the number of company-owned restaurants, overall the number of locations have grown annually over the last decade. This growth is also reflected in the revenue of Burger King, which has increased over the past six years, reaching 1.78 billion U.S. dollars in 2019.

In 2010, Burger King was purchased by the investment firm 3G Capital making it a privately held company. Investment firm 3G Capital went on to purchase the Canadian coffee house chain Tim Hortons in 2014, an indirect subsidiary of RBI merging the restaurants under the parent company Restaurant Brands International (RBI). Both Burger King and Tim Hortons maintain separate brands and headquarters despite Restaurant Brands International being a single publicly traded company, which began trading in December of 2014. Additionally, on March 27, 2017, RBI purchased Popeyes Louisiana Kitchen (via Orange, Inc) adding the restaurant to their subsidiaries.



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