Burger King FDD: What Changed from 2025 to 2026
The 2026 Burger King FDD reduces the high end of the Item 7 estimated initial investment from $4,705,600 to $3,320,600 (−$1,385,000, −29.4%) while the low end rises from $2,049,200 to $2,249,200 (+$200,000, +9.8%); system size holds roughly steady at 6,650 outlets.
Item 7 — Estimated Initial Investment
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Low end of range | $2,049,200 | $2,249,200 | +$200,000 |
| High end of range | $4,705,600 | $3,320,600 | −$1,385,000 |
| Full range | $2,049,200–$4,705,600 | $2,249,200–$3,320,600 |
The Item 7 ceiling falls by more than $1.38 million between filings while the floor lifts by $200,000, narrowing the overall estimated investment band from $2,656,400 to $1,071,400.
Item 20 — System Size (Outlet Count)
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Total outlets (Item 20) | 6,701 | 6,650 | −51 (−0.8%) |
Burger King reports 6,650 outlets in the 2026 FDD, 51 fewer than the 6,701 reported one year earlier.
Item 19 — Financial Performance Representations
Burger King included an Item 19 financial performance representation in both the 2025 and 2026 filings.
Item 6 — Ongoing Fees
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Royalty rate | 4.5% | 4.5% | unchanged |
The ongoing royalty rate remains 4.5% of Gross Sales between filings.
Get the full Burger King Clearly Report™
An easy-to-understand breakdown of all 23 FDD Items, Item 19 financials, total cost to open, and downloadable research — already loaded in your Workspace.