BurgerFi Franchise Costs $610K – $1.04M (2024 Fees & Profits)

BurgerFi, a leader in the fast-casual “better burger” segment, was founded in February 2011 in Lauderdale-by-the-Sea, Florida. The brand has rapidly expanded, establishing approximately 120 franchised and corporate-owned locations across 22 states, Puerto Rico, and Saudi Arabia. BurgerFi prides itself on serving high-quality, all-natural Angus beef burgers without steroids, antibiotics, growth hormones, chemicals, or additives.

Their diverse menu also features award-winning vegetarian options, cage-free chicken tenders, fresh-cut fries, and frozen custard desserts.

BurgerFi began franchising in 2012 and has since grown steadily, becoming one of the fastest-growing better burger concepts in the nation. What sets BurgerFi apart from the competition is its commitment to quality and sustainability. The restaurants are designed with eco-friendly materials, and the brand has been recognized for its efforts, receiving numerous accolades such as the “Best Fast Food Burger” by USA Today and “Breakout Brand of the Year” by QSR Magazine.

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Initial investment

Here’s what you can expect to spend to start a BURGERFI franchise.

Type of Expenditure	Amount
Franchise Fee	$45,000
Rent	$11,250 to $33,000
Security Deposits	$10,000 to $25,000
Leasehold Improvements	$250,800 to $425,000
Equipment, Furniture and Fixtures	$235,000 to $325,000
Insurance	$6,000 to $10,000
Permits and Licenses	$1,500 to $15,000
Initial Inventory	$6,000 to $18,000
Signage	$4,000 to $15,000
Grand Opening Advertising	$15,000 to $30,000
Architecture & MEP Drawings	$12,500 to $20,000
Travel Expenses for Training	$0 to $15,000
Professional Fees	$2,500 to $6,500
Opening Assistance	$0 to $15,000
Additional Funds (3 months)	$10,000 to $45,000
Total	$609,550 to $1,042,500

Note: The table above provides a snapshot of the main costs associated with starting the most common franchise format (as disclosed in the Item 7 of the Franchise Disclosure Document). For a complete overview of all the expenses involved with the various formats offered by the franchisor, please consult the Franchise Disclosure Document.

Franchise fees & Royalties

Here are the main ongoing fees the franchisor will ask you to pay going forward to run the franchise.

Initial Franchise Fee

When you sign this Agreement, you agree to pay an initial franchise fee of $45,000. This fee is not refundable and is payable in consideration of the services provided to help establish your new Restaurant.

Royalty Fee

For each week during the term of this Agreement, you agree to pay a continuing royalty fee equal to 5.5% of the Gross Sales of the Franchised Business.

Marketing/Advertising Fee

You are required to allocate 3.5% of Gross Sales to marketing expenses, with 2.0% allocated to the Brand Fund and 1.5% to local advertising, including the Regional Fund.

Brand Fund Fee

The Brand Fund fee is included in the marketing/advertising fee, which is 2.0% of Gross Sales.

Technology Fee

The technology fee is to be determined but is expected to be $100 per month, subject to change.

Lease or Rent Fee

Lease or rent fees are determined by the landlord and can range from $11,250 to $33,000, payable before opening the restaurant.

Transfer Fees

The transfer fee is the greater of $11,250 or 25% of the then-current initial franchise fee.

Renewal Fees

The renewal fee is the greater of $11,250 or 25% of the then-current initial franchise fee, due upon renewal.