BurgerFi Franchise Deep Dive: Units, Costs and Earnings

BurgerFi is a 125-unit “better burger” franchise offering a wider range of burgers, sides and desserts than the average burger joint. With sustainable and flexible build-out options, BurgerFi is an attractive option for franchisees, too.

Founded in 2011, BurgerFi was created by a chef with a commitment to quality and transparency, and it continues to carry on this legacy.

There are currently 125 BurgerFi locations open across the country. While the brand has a range of in-demand attributes, like craft beer and wine, plant-based protein, custard desserts, fresh-cut sides and a sustainable design, it has seen challenges in recent months.

More recent news stories indicate the brand is closing restaurants, losing money and even potentially considering bankruptcy. If the system can be redirected, it may resume growth, but current signs do not point toward healthy ongoing expansion.

BurgerFi is a “better burger” franchise that aims to redefine the way consumers enjoy burgers. In addition to hormone, steroid and antibiotic-free beef, BurgerFi’s fresh sides, desserts and plant-based protein offerings make the brand attractive to a wider range of consumers.

For franchisees, the brand offers a flexible, sustainable blueprint, and owners have an opportunity to build relationships through ghost kitchens to further diversify their investments.

An earnings report published in May 2024 includes information regarding first-quarter sales in 2024, including sales and sales growth.

Franchisees should refer to Item 19 of the brand’s Franchise Disclosure Document for additional financial representations.

The initial investment required to begin the operation of a BurgerFi franchise ranges from $629,900 to $1,011,750. This includes the franchise fee.

The franchise fee for BurgerFi is $45,000.

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