Question 1

How much does it cost to open a BurgerFi franchise?

Accepted Answer

The total initial investment for a BurgerFi franchise ranges from $705K to $1.2M, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the BurgerFi franchise fee?

Accepted Answer

The initial franchise fee for BurgerFi is $35K.

Question 3

What are the net worth requirements for a BurgerFi franchise?

Accepted Answer

Net worth requirements for BurgerFi are specified in the Franchise Disclosure Document.

Question 4

Does BurgerFi require a personal guarantee?

Accepted Answer

Yes, BurgerFi requires a personal guarantee from franchisees. A spousal guarantee is also required.

Question 5

What equipment and inventory costs are involved with a BurgerFi franchise?

Accepted Answer

Equipment costs for a BurgerFi franchise range from $235K to $325K. Initial inventory costs range from $6K to $18K.