How much does a Burgerim franchise cost?
- Initial Franchise Fee: $70,000
- Total Investment: $194,700 to $683,000
- Working Capital: $5,000 to $15,000
- Royalty Fee: 5.0%
Full Answer
What is Burgerim franchise?
Burgerim is Hebrew for "multiple burgers." Burgerim franchise offersl gourmet burgers custom made to satisfy any craving. It is a lower cost Burger franchise in the QSR and fast casual space.
How many Burgerim locations are there in the US?
As of the 2019 Franchise Disclosure Document, there are 109 franchised Burgerim locations in the USA. Are there any Burgerim franchise opportunities near me? Based on 2019 FDD data, Burgerim has franchise locations in 5 states. The largest region is the West with 17 franchise locations.
What is Burgerim's business model?
The Burgerim concept is at home in urban and suburban areas. Our business model allows us to place Burgerim stores in diverse areas such as business plazas, universities, art districts and near stadiums. We can even adapt the restaurant according to the location to increase interest and overall sales!
What are we looking for in a franchisee?
We're looking for franchise owners who are outgoing and have sales, marketing, and/or management experience, and who are results oriented. A person who can build relationships, lead a team, and who has the motivation to excel!
How much does it cost to own a Burgerim?
What Does a Burgerim Franchise Cost? To buy a franchise with Burgerim, you'll need to have at least $50,000 in liquid capital and a minimum net worth of $100,000. Franchisees can expect to make a total investment of $150,000 - $400,000.
Is Burgerim a franchise?
Burgerim is an Israeli fast food hamburger franchise. Burgerim opened its first U.S. location in 2016 and rapidly grew to over 200 locations by 2019.
Who is Burgerim owned by?
A Calabasas-based chain of fast-food restaurants, BurgerIM, and its owner, Oren Loni, have been sued by the US FTC (Federal Trade Commission) for allegedly enticing consumers to buy franchises using false promises, pocketing tens of millions of dollars from over 1,500 individuals lured into purchasing failing ...
How much do franchise owners make a year?
On average, franchise owners in the restaurant industry take home about 82,000 dollars a year. However, the start-up cost can be anywhere between 100,000 dollars and a million dollars.
What does the name Burgerim mean?
many burgersName: Burgerim, which translates to “many burgers” in Hebrew. The restaurant is in its soft-open stage with a grand opening scheduled in about two weeks. Concept: This burger chain sells mini burgers, not sliders. The mini burgers are made with 2.8 oz.
Does Burgerim support Israel?
In the letter, Burgerim's attorneys informed the comedian that "the truth is that Burgerim is not involved with Israel or any Israeli company whatsoever."
What does a Five Guys franchise cost?
Opening a Five Guys franchise requires an initial investment ranging anywhere from $306,200 to $641,250, according to the Franchise Disclosure Document. However, this investment is much less than the initial investments other fast food powerhouses require of their franchisees.
Is Burgerim real meat?
Wagyu beef is very exclusive. The beef is only produced by four specific breeds of beef cattle that are raised in Japan's Kobe Region.
How is Burgerim pronounced?
Burgerim is a Hebrew word that means “many burgers.” It's typically pronounced “burger-eem,” but they're pronouncing it “rim.” It's a global business established in Israel with 200 sites in 16 countries, but there's just one in Southern California.
What franchise makes most money?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
How often do franchises fail?
His analysis of more than 20,500 small businesses found that 65.3 percent of franchises survived after four years, compared to 72 percent of independent businesses. Retail franchises fared worse, with a 61.3 percent survival rate, vs. 73.1 percent of independent retail businesses.
What's the most successful franchise?
The highest-grossing movie franchise of all time is the Marvel Cinematic Universe. The top two highest-grossing franchises, the Marvel Cinematic Universe and Star Wars, are both owned by Disney.
Did Burgerim change their name?
Others have followed suit. A Burgerim located in a mall in Torrance, Calif. is now called Burgers n Bites; in Reno, Nev., a former Burgerim now operates as Sizl Burger and serves items from the menu of a virtual burger brand called MrBeast Burger.
How do you pronounce Burgerim?
Burgerim is a Hebrew word that means “many burgers.” It's typically pronounced “burger-eem,” but they're pronouncing it “rim.” It's a global business established in Israel with 200 sites in 16 countries, but there's just one in Southern California.
Who is Oren Loni?
Oren Loni Burgerim President: Oren Loni is the President of Burgerim and a businessman with a history in food franchises. He is a writer, blogger, digital nomad and movie fan also.
What are Burgerim fries?
They pair quite well with the garlic aioli, which gives them a punch. Crispy on the outside and soft on the inside, these fries are a light touch to any burger. Coated in salt and seasoning, they're sure to accommodate most parties.
How much does a Burgerim franchise make?
Franchise revenue and profits depend on a number of unique variables, including local demand for your product, labor costs, commercial lease rates and several other factors. We can help you figure out how much money you can make by reviewing your specific situation. Please unlock this franchise for more information.
What does Burgerim mean?
Burgerim is Hebrew for "multiple burgers." Burgerim franchise offersl gourmet burgers custom made to satisfy any craving. It is a lower cost Burger franchise in the QSR and fast casual space.
How many franchise locations do they have?
As of the 2019 Franchise Disclosure Document, there are 109 franchised Burgerim locations in the USA.
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
When did they begin franchising?
They began franchising in 2015. The average Burgers franchise began franchising in 2008.
Our Story
We have already established ourselves in over 16 countries across the world with over 200 locations worldwide.The fact is,our brand is hitting America and now is the perfect opportunity to get involved; the franchise fees are extremely low at this point, with a total investment of a half or less of our competitors total investments to get started.
Ready to Take Hold of Your Future?
As a young and dynamic company, "Burgerim" understands the importance of ensuring the success of its franchise owners. When you invest in a "Burgerim" franchise, you can be rest assured that you will enjoy the best possible support of a strong corporate team.
Ideal Candidate
We're looking for franchise owners who are outgoing and have sales, marketing, and/or management experience, and who are results oriented. A person who can build relationships, lead a team, and who has the motivation to excel! You must have a minimum of $50k in liquid capital, and be ready to make a full- time commitment.
Related
Burgerim is listed in the Franchise Directory under the Food category. It's also listed in the section for Franchises Under $30,000 .
How many Burgerim locations are there?
Becker said that Burgerim currently has 125 open locations, or less than one-tenth of the more than 1,500 franchise agreements sold between 2017 and 2019. Nearly 300 franchisees received refunds, according to California’s administrative order. So more than 1,000 franchisees either weren’t able to open at all or were able to open but were then forced to close.
Is there any assets left to pay the franchise?
The franchise’s president told operators they would be allowed out of their franchise agreement but said there are no assets left to pay them. By Jonathan Maze on Mar. 05, 2021
Did Burgerim file for bankruptcy?
Comments from Becker were among the most extensive a company representative has made about the problems since Burgerim first told franchisees in December 2019 that it was considering filing for bankruptcy—which it never did.
