In which state were 35 Burger King outlets transferred in 2023?

According to Burger King's 2025 Franchise Disclosure Document, 35 Burger King outlets were transferred in Virginia during 2023. This information is based on the table provided in Item 20, which details the number of franchise transfers by state and year. Franchise transfers typically occur when an existing franchisee sells their business to a new owner, or when Burger King reassigns a franchise to another operator. This data point can be relevant to prospective franchisees as it provides insight into the stability and turnover of Burger King franchises in different regions. A high number of transfers might indicate challenges or opportunities within a specific market.

For a prospective franchisee, understanding the reasons behind franchise transfers is crucial. It could be due to factors such as franchisee retirement, underperformance, or strategic decisions by Burger King. Investigating the context behind these transfers can help a potential franchisee assess the risks and opportunities associated with investing in a particular location or market. For instance, a market with frequent transfers might require a more hands-on approach or a different business strategy to ensure success.

It is also important to note that the number of transfers can vary significantly from year to year. For example, Virginia saw 35 transfers in 2023 but had zero in 2022 and 2024, according to the table. This variability highlights the dynamic nature of the franchise landscape and the importance of conducting thorough due diligence before making an investment decision. Prospective franchisees should consider these trends and consult with Burger King to gain a deeper understanding of the factors influencing franchise transfers in their target market.