What was the reported value of Burger King's land holdings as of December 31, 2024?
Burger_King Franchise · 2025 FDDAnswer from 2025 FDD Document
As of December 31, 2024, we franchised or owned 6,043 Tim Hortons restaurants, 19,732 Burger King restaurants, 4,979 Popeyes restaurants, and 1,371 Firehouse Subs restaurants, for a total of 32,125 restaurants, and operate in more than 120 countries and territories.
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 109–124)
What This Means (2025 FDD)
Based on Burger King's 2025 Franchise Disclosure Document, the provided excerpts do not contain specific figures for the value of Burger King's land holdings as of December 31, 2024. While the document includes financial information such as dividends, acquisitions, intangible assets, and equity method investments, it does not break down the value of land holdings as a separate asset category. The FDD does mention the acquisition of Burger King China for approximately $158 million, but this refers to the purchase of the business, not necessarily land. Also, the document lists the number of Burger King restaurants as 19,732 as of December 31, 2024. However, it does not provide the value of the land those restaurants occupy.
For a prospective franchisee, this means that the FDD does not offer insight into the real estate assets held by Burger King. Understanding the value of land owned by the company could be relevant for assessing the overall financial health and stability of the franchisor. It could also provide a better understanding of the company's investment in physical assets.
To get a clearer picture, a potential franchisee should consider asking Burger King's management directly about the value of their land holdings. This inquiry could be part of a broader due diligence process to evaluate the financial position of the company. Further investigation beyond the FDD may be required to fully understand the asset structure of Burger King.