BurgerFi

BurgerFi

Information based on 2023 FDD

Food & Beverage · Burgers & Fries

Investment min
$610K
Total: $610K–$1M
Avg gross revenue
$1M
Unit-level, 2023
Franchise fee
$45K
Per current disclosure
Royalty
5.5%
of gross revenue
Locations
88
Franchising since 2011

Description

What is BurgerFi?

BurgerFi stands out in the competitive burger industry as a premium fast-casual restaurant concept that has been delighting customers since 2011. Known for their commitment to quality, BurgerFi serves up chef-crafted, all-natural Angus beef burgers, award-winning hand-cut fries, and creative menu innovations that cater to various dietary preferences.

What sets BurgerFi apart is their unwavering dedication to using high-quality, antibiotic-free ingredients while maintaining a strong focus on environmental sustainability. Their modern restaurants feature an inviting atmosphere with eco-friendly elements, creating a dining experience that resonates with today's conscious consumers.

The menu showcases both traditional and innovative offerings, from their signature CEO Burger topped with wagyu beef and savory bacon jam to their VegeFi burger option for plant-based diners. Their hand-cut, made-to-order sides, including their popular Urban Style fries and massive onion rings, complement their premium burgers perfectly. The restaurant also offers indulgent frozen custard shakes and craft beer selections, elevating the typical quick-service experience.

BurgerFi's commitment to exceptional customer service is evident in their consistently positive reviews, with guests frequently praising both the food quality and staff friendliness. Their efficient operational model combines traditional counter service with modern technology, including digital ordering platforms and loyalty programs, ensuring a seamless experience for both customers and franchise operators.

As a growing brand with a strong presence across the United States, BurgerFi continues to innovate while maintaining their core values of quality, sustainability, and customer satisfaction.
  • Revenue exceeds sector average by 11% margin
  • Lower minimum investment than sector competitors
  • Eco-conscious positioning differentiates in crowded market
  • Craft beer and wine elevates dining experience
  • 13-year operational track record demonstrates stability
  • Premium burger concept with measured growth strategy

Location Analysis

Where BurgerFi wins

BurgerFi demonstrates a strategic but uneven geographic distribution across multiple states, with a notable concentration in the Southeast and Atlantic regions. Florida serves as the franchise's stronghold with a dominant presence, while Maryland, New York, Texas, and Virginia each maintain significant market representation. This regional focus suggests strong market acceptance in coastal and high-population density areas, particularly in regions with higher disposable income and active dining-out cultures.

The franchise's expansion pattern reveals a preference for affluent suburban and urban markets, typically in areas with strong daytime population flows and higher-education institutions. While Florida shows market maturity, significant growth opportunities exist in the Northeast and Western markets, where the brand's better-burger concept can compete effectively against established players.

For prospective franchisees, ideal locations should target areas with median household incomes above $75,000, strong lunch crowds, and proximity to office complexes or universities. High-visibility sites with 2,000-3,000 square feet in mixed-use developments or busy retail corridors have shown the strongest performance potential. The limited presence in the Midwest and West Coast presents substantial expansion opportunities, particularly in markets with demonstrated appetite for premium quick-service concepts.
Total US locations
113
Franchise units
88
Corporate locations
25
Avg. sq. footage
N/A

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Financial Analysis

The numbers behind BurgerFi

Avg gross revenue$1,397,859
Investment range$609,550 – $1,042,500
Investment midpoint$826,025
Brand fund3.5%
Royalty5.5%
Franchise fee$45,000
Min. net worth
Min. liquid capital
BurgerFi presents a mid-tier investment opportunity with total capital requirements ranging from $609,550 to $1,042,500. While the minimum investment sits well below the burgers & fries sub-sector average of $985,322-$2,087,083, the maximum investment range overlaps with sector norms, offering a competitive entry point for premium burger concepts.

The reported gross revenue of $1,397,859 outperforms the sub-sector average of $1,259,214 by 11%, demonstrating solid unit-level performance relative to investment requirements. The fast-casual burger segment benefits from sustained consumer demand for premium, customizable dining experiences, though faces intensifying competition from established players.

With 113 units and 13 years of operation since 2011, BurgerFi demonstrates moderate system maturity with measured expansion. The brand's eco-conscious positioning and craft beverage offerings provide differentiation within the crowded burger marketplace, though the unit count indicates selective growth compared to major competitors.

The concept suits high-traffic suburban and urban markets with demographics supporting premium pricing. Multi-unit development opportunities exist for qualified operators seeking portfolio expansion.

Key considerations include food service labor challenges, supply chain management requirements, and the need for strong local marketing execution. Prospective franchisees should thoroughly review the FDD and conduct comprehensive due diligence, including market analysis and competitive positioning assessment.
Did you know? Did you know that opening your own BurgerFi franchise - the premium "better burger" restaurant known for its natural Angus beef burgers and hand-cut fries - requires a total investment between $609,550 and $1,042,500, which includes the $45,000 franchise fee plus all the startup costs needed to bring this upscale fast-casual dining experience to your community?

Financing partners

Vetted partners, tailored to franchisees

Your Franzy advisor can connect you with these partners later in the process — competitive rates, specialized in franchise financing.

FranFund

Lender

CRF USA

Nonprofit SBA lender; provides financing for franchise acquisitions, startups, and expansion.

Lender

First Bank of the Lake

Lender

Pension Pros

Lender

FDD Item 7

Initial investment range

$610K–$1M
Most common
$609,550
Minimum
$826,025
Midpoint
$1,042,500
Maximum

Per FDD Item 7, total initial investment ranges from $609,550 to $1,042,500. The midpoint $826,025 is what most franchisees report at signing — financing typically reduces cash-at-close by 80–90%. Knowing the investment range helps you plan confidently and ensure you're fully prepared to make the leap.

FDD Item 19

Average gross sales

$2M$2M$1M$800K$400KN/A
$1M
$1M
$1M
2021
2022
2023
Avg
$1M
YOY change (2022 -> 2023)
-7%

According to Item 19 of the Franchise Disclosure Document, BurgerFi has an average gross revenue of $1M. (Note: This information is based on the latest FDD in our records. Please review the Franchise Disclosure Document (FDD) and confirm this information directly with the brand. We make no claims of accuracy for the information presented.)

Growth over time

Franchise footprint

-4% YoY
1501209060300
2016
2017
2018
2019
2020
2021
2022
2023
113 units open as of 2023 FDD-5 in last 12 mo

2023 Franchise Disclosure

FDD documents

Below are items 2, 3, 4, 7, 11 and 19 for BurgerFi's 2023 FDD. The complete FDD is delivered to you directly by the franchisor, per the FTC Franchise Rule.

Estimated initial investment
FDD Item 7 · PDF
Financial performance representations
FDD Item 19 · PDF
Members-only items
Executive team
FDD Item 2 · PDF
Litigation
FDD Item 3 · PDF
Bankruptcy
FDD Item 4 · PDF
Franchisor assistance
FDD Item 11 · PDF
Members only
Unlock the 2023 FDD

Connect to download Items 2, 3, 4, and 11 — direct from the franchisor.

Buyer FAQs

Frequently asked questions

The initial investment for a BurgerFi franchise typically ranges between $609,550.00 and $1,042,500.00. This includes the franchise fee, equipment, real estate, and other startup costs. To get a detailed breakdown and better understand the financial requirements, we recommend scheduling a call with the Franzy team. We'll walk you through the specifics and answer any questions you might have. For more detailed information, refer to the financial sections of the FDD.

Disclaimer. The information provided on this page is based on the latest Franchise Disclosure Document (FDD) that is publicly available and that we have on record, which was issued in 2023. This information is for informational purposes only and is not intended to constitute legal, financial, or business advice. We make no guarantees or claims regarding the completeness or accuracy. For the most current and detailed information, we recommend consulting the franchisor directly for the most recent FDD and regarding any questions that you may have about the information provided.

BurgerFi
BurgerFi
$1M avg revenue · 88+ US franchises

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