What was the total property revenue for Burger King in 2023?
Burger_King Franchise · 2025 FDDAnswer from 2025 FDD Document
tion with the Carrols Acquisition, we acquired the remaining 85% equity interest in Carrols, resulting in the Step Acquisition Gain. As a result of the Carrols Acquisition, Carrols became a wholly owned consolidated subsidiary beginning on May 16, 2024.
The aggregate carrying amount of our equity method investments was $113 million and $163 million as of De
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 property revenues from affiliates in 2023 were $32,000. This indicates the revenue Burger King received from property-related activities involving its affiliates during that year.
For a prospective franchisee, understanding the property revenues is crucial as it provides insight into the financial interactions between Burger King and its affiliates. This revenue stream could be generated from leasing or subleasing properties to affiliates, among other arrangements. Knowing the scale of these revenues helps franchisees gauge the financial health and operational strategies of Burger King.
It's important to note that this figure represents only the property revenues derived from affiliates and does not encompass the total property revenues from all sources. Franchisees should consider this information in conjunction with other financial data to form a comprehensive understanding of Burger King's revenue streams and overall financial performance.