Burger King

Source filing: WI · filed 2026-03-26

Item 5 — Initial franchise fee

Not disclosed

Item 6 — Recurring fees (royalty & advertising)

Royalty24.5% of monthly Gross Sales2 [p.34 · WI · 2026-03-26]
Advertising3An amount not to exceed 4.5% of monthly Gross Sales3 [p.34 · WI · 2026-03-26]

Full Item 6 schedule (including one-time and conditional fees) is in the FDD itself.

Item 7 — Estimated initial investment (total)

$2,249,200 [p.50 · WI · 2026-03-26] $3,320,600 [p.50 · WI · 2026-03-26]

Base single-franchise offering as stated in the FDD's total row. Multi-unit or area-development formats are not broken out here.

Item 20 — Outlets

Franchised outlets at start of year5,524 [p.117 · WI · 2026-03-26]
Franchised outlets at end of year5,518 [p.117 · WI · 2026-03-26]
Net change in franchised outlets-6 [p.117 · WI · 2026-03-26]
Transfers242 [p.121 · WI · 2026-03-26]
Terminations7 [p.126 · WI · 2026-03-26]
Non-renewals33 [p.126 · WI · 2026-03-26]
Ceased operations (other)36 [p.126 · WI · 2026-03-26]
Company-owned outlets at end of year1,132 [p.117 · WI · 2026-03-26]

Item 19 — Financial performance representation

Headline cohort

Traditional Restaurants - franchisee-owned FY2025 · January 1, 2025 – December 31, 2025

Outlets in sampleAverageMedianHighLow
4,730 [p.102 · WI · 2026-03-26] $1,779,702 [p.101 · WI · 2026-03-26] $1,685,154 [p.102 · WI · 2026-03-26] $4,287,457 [p.102 · WI · 2026-03-26] $661,763 [p.102 · WI · 2026-03-26]

All disclosed cohorts (10)

CohortOutletsAverageMedianHighLow
All Traditional Restaurants (franchisee-owned and company-owned consolidated) FY2025
January 1, 2025 – December 31, 2025
excluded: failed consistency checks
Not disclosed Not disclosed Not disclosed Not disclosed Not disclosed
Traditional Restaurants - franchisee-owned FY2025
January 1, 2025 – December 31, 2025
4,730 [p.102 · WI · 2026-03-26] $1,779,702 [p.101 · WI · 2026-03-26] $1,685,154 [p.102 · WI · 2026-03-26] $4,287,457 [p.102 · WI · 2026-03-26] $661,763 [p.102 · WI · 2026-03-26]
Traditional Restaurants - company-owned FY2025
January 1, 2025 – December 31, 2025
1,017 [p.102 · WI · 2026-03-26] $1,692,549 [p.101 · WI · 2026-03-26] $1,593,606 [p.102 · WI · 2026-03-26] $5,532,973 [p.102 · WI · 2026-03-26] $188,523 [p.102 · WI · 2026-03-26]
All Non-Traditional Restaurants (franchisee-owned and company-owned consolidated) FY2025
January 1, 2025 – December 31, 2025
661 [p.103 · WI · 2026-03-26] $1,387,999 [p.102 · WI · 2026-03-26] $1,210,626 [p.102 · WI · 2026-03-26] $7,717,024 [p.102 · WI · 2026-03-26] $228,551 [p.102 · WI · 2026-03-26]
Non-Traditional Restaurants - franchisee-owned FY2025
January 1, 2025 – December 31, 2025
630 [p.103 · WI · 2026-03-26] $1,521,448 [p.102 · WI · 2026-03-26] $1,379,670 [p.102 · WI · 2026-03-26] $4,603,273 [p.102 · WI · 2026-03-26] $641,695 [p.102 · WI · 2026-03-26]
Non-Traditional Restaurants - company-owned FY2025
January 1, 2025 – December 31, 2025
31 [p.103 · WI · 2026-03-26] $1,381,645 [p.102 · WI · 2026-03-26] $1,197,033 [p.102 · WI · 2026-03-26] $7,717,024 [p.102 · WI · 2026-03-26] $228,551 [p.102 · WI · 2026-03-26]
Fuel Co-Branded Full Size Restaurants FY2025
January 1, 2025 – December 31, 2025
52 [p.104 · WI · 2026-03-26] $1,537,710 [p.104 · WI · 2026-03-26] $1,485,177 [p.105 · WI · 2026-03-26] $2,812,589 [p.105 · WI · 2026-03-26] $694,403 [p.105 · WI · 2026-03-26]
Fuel Co-Branded Large Restaurants FY2025
January 1, 2025 – December 31, 2025
124 [p.104 · WI · 2026-03-26] $1,274,481 [p.104 · WI · 2026-03-26] $1,202,493 [p.105 · WI · 2026-03-26] $3,450,372 [p.105 · WI · 2026-03-26] $332,903 [p.105 · WI · 2026-03-26]
Fuel Co-Branded Small Restaurants FY2025
January 1, 2025 – December 31, 2025
33 [p.106 · WI · 2026-03-26] $1,296,162 [p.106 · WI · 2026-03-26] $1,212,537 [p.106 · WI · 2026-03-26] $2,972,343 [p.106 · WI · 2026-03-26] $586,975 [p.106 · WI · 2026-03-26]
Fuel Co-Branded Kiosk Restaurants FY2025
January 1, 2025 – December 31, 2025
77 [p.106 · WI · 2026-03-26] $1,009,964 [p.106 · WI · 2026-03-26] $897,214 [p.106 · WI · 2026-03-26] $2,446,378 [p.106 · WI · 2026-03-26] $228,551 [p.106 · WI · 2026-03-26]
“Some Restaurants have sold these amounts. Your individual results may differ. There is no assurance you'll sell as much.” [p.99 · WI · 2026-03-26]

Extraction notes