What was the reported value of Burger King's restaurant equipment as of December 31, 2023?
Burger_King Franchise · 2025 FDDAnswer from 2025 FDD Document
and vesting of RSUs will not affect the number of Class A common units or Partnership exchangeable units outstanding. However, the issuance of RBI shares by RBI in future periods will affect the allocation of net income attributable to common unitholders between Partnership's Class A common units and Partnership exchangeable units.
The following table summarizes the basic and diluted earnings per unit calculations (in millions, except per unit amounts):
| | 2024 | 2023 | | | 2022 | |--------------------------------------------
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 109–124)
What This Means (2025 FDD)
According to Burger King's 2025 Franchise Disclosure Document, the reported value of restaurant equipment as of December 31, 2023, was $215. This figure represents the value of equipment owned directly.
It is important to note that Burger King also reports on property and equipment that is leased. The value of leased restaurant equipment is reported differently. As of December 31, 2023, the value of leased restaurant equipment was $27.
These figures are important for prospective franchisees to understand because they provide insight into the capital investment Burger King makes in its corporate-owned stores. While franchisees will be responsible for purchasing their own equipment, these figures can serve as a benchmark for understanding the potential costs involved in setting up a Burger King restaurant.