BurgerFi FDD – Franchise Information, Costs and Fees
Type of Business
The franchise offered is for a fast casual restaurant offering all-natural Angus burgers, hot dogs, fresh cut fries and onion rings, craft beers, wine and frozen custard products. A BurgerFi Restaurant offers lunch and dinner menus for dine-in, take-out or delivery, and operates using the franchisor’s proprietary recipes, formulae, techniques, trade dress, trademarks and logos.
Corporate Information
BurgerFi International, Inc incorporated in Delaware on July 24, 2017 under the name “Opes Acquisition Corp.”, which was later changed to “BurgerFi International, Inc.” Their principal place of business is 200 West Cypress Road, Suite 220, Fort Lauderdale, Florida 33309. They began offering franchises in May 2021.
Investment
The total investment necessary to begin operation of a BurgerFi franchised business ranges from $629,900 to $1,049,500, which includes a franchise fee of $45,000 that must be paid to the franchisor and/or its affiliate when you sign the Franchise Agreement.
If you enter into a Multi-Unit Operator Agreement to develop multiple Restaurants, when you sign the Multi-Unit Operator Agreement you will pay the full franchise fee of $45,000 for the first Restaurant and a reservation fee of $22,500 for each additional Restaurant to be developed under the Multi-Unit Operator Agreement. The development fee is applied toward the franchise fee payable for each Restaurant developed after the first one, and the balance of the franchise fee of $22,500 is due and payable when you sign the second and each additional Franchise Agreement for a reserved
Restaurant developed under the Multi-Unit Operator Agreement. The total investment for five Restaurants ranges from $3,149,500 to $5,247,500, which includes franchise fees totaling $225,000.
