What kind of restaurant is BurgerFi?
BurgerFi is an American fast casual restaurant chain focused on all-natural hamburgers, french fries, hot dogs, and custard. The first location was opened in February 2011 in Lauderdale-by-the-Sea, Florida, inside a former Burger King. The chain earned a positive review in 2015 from USA Today, which said,...
Is BurgerFi owned by Anthony's?
BurgerFi was one of the two chains that were given an "A" rating for using beef that was raised without routine use of antibiotics. [9] In November 2021, BurgerFi completed the acquisition of Florida-based pizza chain Anthony's Coal Fired Pizza, which has 61 locations in 8 US states [10] as of June 2021.
Who is the founder of BurgerFi?
With this, David, Lee, and John got together and created casual meals of long ago. The first ever BurgerFi restaurant was opened in February 2011 in sunny Lauderdale-By-The-Sea, Florida. Due to its remarkable success, the three founders decided to open new locations across the United States.
Is BurgerFi’s Beyond the Burger vegan?
In 2017, BurgerFi introduced a vegan patty burger called “Beyond the Burger”. It is made from proteins derived from peas and other plants. This ensures that the burger does not contain any cholesterol.
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Who is BurgerFi owned by?
John Rosatti - FounderJohn Rosatti - Founder - BurgerFi | LinkedIn.
What company did BurgerFi buy?
Anthony's Coal Fired Pizza & WingsIn October 2021, BurgerFi announced the acquisition of Anthony's Coal Fired Pizza & Wings with 61 company-owned locations in eight states.
Who is BurgerFi CEO?
Julio Ramirez spent 26 years working at fast-food giant Burger King before joining BurgerFi—which has about 116 locations plus 24 ghost kitchens— as CEO, so he's no stranger to the beef patty business.
How much is a BurgerFi franchise?
For each BurgerFi restaurant to be developed a prospective franchisee must have at least $500,000 in liquid assets and a net worth of not less than $1,000,000. What is the initial investment? The estimated total initial investment ranges from $629,900-$1,011,750, which includes the franchise fee of $45,000.
Is BurgerFi stock a buy?
Burgerfi International Stock Forecast FAQ The consensus among 1 Wall Street analyst covering (NASDAQ: BFI) stock is to Strong Buy BFI stock.
Did BurgerFi by Anthony's Coal Fired Pizza?
BurgerFi completes its $157M purchase of Anthony's Coal Fired Pizza. BurgerFi completed its acquisition of Anthony's Coal Fired Pizza & Wings, the company announced Thursday, paying $156.6 million to L Catterton for the casual dining chain.
What does the fi stand for in BurgerFi?
BurgerFi's name comes from a desire to "lead the 'BurgerFication of the Nation,'" recognizing burgers and fries as the building blocks for all restaurants, according to Franchise King. By Burgerfication, they mean teaching new ways of thinking about burgers and proving that a fast casual burger can also be gourmet.
Did BurgerFi go out of business?
Unlike many of the other eateries along Raymond Avenue, Burgerfi is a chain restaurant, and in the end, shutting it down may have simply been the most profitable option.
What is BurgerFi short for?
He considered purchasing different franchises involving burgers and decided on BurgerFi, (short for Burgerfication of the Nation), a young brand started in 2011 that emphasized 100 percent fresh, made-to-order burgers.
Is BurgerFi corporate or franchise?
BurgerFi has a franchise fee of up to $45,000, with a total initial investment range of $629,900 to $1,011,750.
How many stores does BurgerFi own?
Our Story. BurgerFi is a fast-casual better burger concept with approximately 120 franchised and corporate-owned restaurants, renowned for delivering an exceptional, all-natural premium burger experience in contemporary and sustainably designed restaurants.
How many locations does BurgerFi?
120BurgerFiBurgerFi in Tallahassee, Florida.FounderJohn RosattiHeadquartersFort Lauderdale, Florida , United StatesNumber of locations120Areas servedUnited States, Mexico, Middle East, United Kingdom12 more rows
Did BurgerFi go out of business?
Unlike many of the other eateries along Raymond Avenue, Burgerfi is a chain restaurant, and in the end, shutting it down may have simply been the most profitable option.
What does the fi stand for in BurgerFi?
BurgerFi's name comes from a desire to "lead the 'BurgerFication of the Nation,'" recognizing burgers and fries as the building blocks for all restaurants, according to Franchise King. By Burgerfication, they mean teaching new ways of thinking about burgers and proving that a fast casual burger can also be gourmet.
What is BurgerFi short for?
He considered purchasing different franchises involving burgers and decided on BurgerFi, (short for Burgerfication of the Nation), a young brand started in 2011 that emphasized 100 percent fresh, made-to-order burgers.
When did BurgerFi go public?
December 17Upon the closing of the business combination, the combined company will be renamed "BurgerFi International, Inc." and its common stock will trade on The Nasdaq Stock Market under the ticker symbol "BFI.”
What is BurgerFi mission?
Today, BurgerFi’s mission is RedeFining the way the world eats burgers and enriching lives through the best burger experience. BurgerFi is committed to serving fresh food made with responsibly sourced ingredients in an eco-friendly environment.
How many BurgerFi restaurants are there?
BurgerFi is a fast-casual better burger concept with approximately 120 franchised and corporate-owned restaurants, renowned for delivering an exceptional, all-natural premium burger experience in contemporary and sustainably designed restaurants.
How many states does BurgerFi have?
Since its inception, BurgerFi has grown steadily into two countries, 22 states and Puerto Rico, and continues to expand, bringing the BurgerFi experience to new guests around the world.
How many feet are BurgerFi fans?
Guests love our eye-catching, 10-foot fans, and it’s easy to see why. These fans keep BurgerFi the perfect temperature. The best part? Their environmentally conscious design means they consume 66% less energy. A smart fan that’s as eco-friendly as it is sleek? That’s pretty cool.
When was BurgerFi founded?
Established in 2011, BurgerFi was founded by gourmet chefs committed to serving the highest quality fresh food in an eco-friendly environment. That’s why our natural Angus beef is sourced from the leading ranches in the country.
How many BurgerFi restaurants are there?from en.wikipedia.org
Since its founding, BurgerFi is among the nation's fastest-growing better burger concepts with 120 restaurants in the U.S. and abroad. BurgerFi was named “Best Burger Joint” by Consumer Reports and fellow public interest organizations in the 2019 Chain Reaction Study.
Where is Anthony's Pizza located?from ir.burgerfi.com
Anthony’s, founded in 2002 and headquartered in Fort Lauderdale, FL , is a leading operator of casual dining pizza restaurants with a loyal fan base and, like BurgerFi, a high concentration of its locations in the state of Florida. Anthony’s concept is centered around a 900-degree coal fired oven, and its streamlined menu offers “well-done” pizza, coal fired chicken wings, homemade meatballs, and a variety of handcrafted sandwiches and salads. Ian Baines, Chief Executive Officer of Anthony’s, said “Anthony’s Coal Fired Pizza & Wings will be a fantastic addition to the BurgerFi family. It is a well-positioned, differentiated pizza and wing concept with industry-leading average unit volumes and strong profitability. BurgerFi is a very dynamic growth brand and I am honored to work with their great team as we continue to pursue and expand on our growth strategy together.”
What oven does Anthony's use?from ir.burgerfi.com
Anthony’s casual dining pizza and wing brand is centered around a 900-degree coal fired oven, and its streamlined menu consists of approximately 25 items. Anthony’s prides itself on serving fresh, never frozen, high-quality ingredients. Their menu offers “well-done” pizza, coal fired chicken wings, homemade meatballs, and a variety of handcrafted sandwiches and salads. The pizzas are prepared using a unique coal fired oven, which seals in natural flavors while creating a lightly-charred crust. The majority of Anthony’s restaurants have a full bar and all locations feature a deep wine and craft beer selection to round out the menu.
When did BurgerFi open?from en.wikipedia.org
In 2011, the first BurgerFi opened in Lauderdale-By-The-Sea, built in a long-standing Burger King location that had underperformed for years. The chain earned a positive review in 2015 from USA Today, which said, "BurgerFi is another entrant in the increasingly crowded field of more upscale fast food burger joints....
Where is BurgerFi located?from en.wikipedia.org
BurgerFi restaurant in Gainesville, Florida, in 2018. BurgerFi uses certified American Black Angus beef from only ranches that adhere to beef that is never exposed to antibiotics, steroids, growth hormones or additives.
What is the conference number for ICR?from ir.burgerfi.com
An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact ICR at (646) 430-2216.
Is BurgerFi a fast casual brand?from ir.burgerfi.com
BurgerFi was named Fast Casual’s #1 Brand of the year for 2021 in the “Top 100 Movers and Shakers” list , and the top fast casual better burger chain in USA Today’s “10 Best Readers’ Choice Awards” for 2021. With the acquisition of Anthony’s, BurgerFi will have 177 systemwide restaurant locations across the country through its two premium casual dining brands, with 61 Anthony’s locations and 116 BurgerFi locations. “This is our first acquisition in building a premium multibrand platform. We are well positioned to continue the growth of our existing BurgerFi brand and leverage our scale to unlock value from strategic acquisitions. Our focus on premium fast-casual brands allows us to share expertise, capabilities and best practices across the board,” said Ophir Sternberg, Executive Chairman of BurgerFi.
What is BurgerFi?from yelp.com
BurgerFi is committed to providing the best burger experience. That's why we serve chef-created, fresh food in an eco-friendly environment. We use 100% natural American Angus beef with no steroids, antibiotics, or growth hormones. We also serve premium Wagyu beef, cage-free chicken, award-winning VegeFi Burger, Beyond Meat Burger and more. Don't forget to try our made-to-order sides, like fresh-cut fries and double beer-battered onion rings or our delicious frozen custard desserts.…
Why are pattie cheeseburgers so expensive?from yelp.com
The onion rings and chicken tenders were greasy and didn't taste good. The prices are expensive because they don't have combo meals. A single pattie cheese burger with lettuce and tomatoes was $9.57 before taxes (does not included fries or a drink).
Does BurgerFi use peanut oil?from burgerfi.com
BurgerFi restaurants use a highly-refined peanut oil it in its cooking process. While the FDA exempts this type of oil from being labeled as an allergen, we cannot assure its safety to those who are allergic to peanuts. Please check with your doctor before consuming peanut oil of any kind. Some BurgerFi restaurants may use cottonseed oil instead of peanut oil. Check with your cashier before ordering if you have any allergies. If you have a food allergy, please click here
Can businesses pay to alter or remove reviews?from yelp.com
Your trust is our top concern, so businesses can't pay to alter or remove their reviews. Learn more.
What is BurgerFi?
BurgerFi is a burger restaurant chain that serves only all-natural burgers. It is a place where people can eat nutritious and delicious food in a good-for-the-environment setting. The use of 100% all-natural food items, from its choices of beef to its vegetables, is the greatest innovation that the restaurant has implemented in their operation. This means that the beef they use does not contain any hormones and antibiotic s.
What inspired BurgerFi?
Some of the things that influenced and inspired them to create BurgerFi was the success achieved by The Office in Delray Beach and the all-natural CEO Burger. When this burger was introduced, it instantly became the restaurant’s top seller and most sought item in their menu.
When did BurgerFi open?
The first ever BurgerFi restaurant was opened in February 2011 in sunny Lauderdale-By-The-Sea, Florida. Due to its remarkable success, the three founders decided to open new locations across the United States.
Is BurgerFi a good place to eat?
If you’re hungry, BurgerFi is one of the best places to dine-in because most of the burgers on their menu come with two Angus patties. The most delicious all-natural burgers that they serve include the classic BurgerFi Burger, BurgerFi Cheeseburger, and VegiFi Burger. Aside from that, they also serve beef dogs, custards, and sides such as French fries, and double-battered onion rings. If you’re looking for something with spirit, they also serve craft beer which comes from local breweries and wine.
Who owns BurgerFi?
John Rosatti is the owner and founder of BurgerFi together with colleagues David Manero and Lee Goldberg. They were all looking for a quality burger with fresh ingredients but they failed to find one. Due to their dissatisfaction with other burgers, the concept of BurgerFi was created which is, fresh, never frozen, and all-natural.
Is Beyond the Burger vegan?
It is made from proteins derived from peas and other plants. This ensures that the burger does not contain any cholesterol. The great thing about the “Beyond the Burger” is that it not only looks and cooks like beef, but it also satisfies like beef.
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How much did Opes pay for BurgerFi?
Opes Acquisition is paying $100M for BurgerFi. The reverse merger will help fuel the fast-casual burger chain’s growth, which will take it to more nontraditional locations, including ghost kitchens. By Jonathan Maze on Jun. 30, 2020.
How many BurgerFi locations are there?
The deal will provide the burger chain with $40 million in cash for its expansion. BurgerFi operates 130 locations around the country, including 25 corporate stores. Most of the chain’s locations are along the east coast.
What is an OPES?
Opes is a special purposes acquisition company, or SPAC, a shell company that takes money from investors and uses it to buy a privately held company, thereby taking it public. Monday’s announcement provided the first details of the burger chain’s financials and the amount the shell company is paying for the chain.
Where is BurgerFi located?
Air Force Activity Services last Otober, and locations will be opened on bases in Arizona, Alaska, Nebraska, Georgia and Colorado.
Is BurgerFi publicly traded?
The deal is expected to close in the third quarter, after which BurgerFi will become a publicly-traded company with the ticker symbol BFI. BurgerFi management will remain in place and Opes Chairman Ophir Sternberg will become BurgerFi’s executive chairman. The deal will provide the burger chain with $40 million in cash for its expansion.
Is BurgerFi a ghost kitchen?
Yet the company also has high hopes for nontraditional and g host kitchen locations. In April, the company inked a deal with ghost kitchen operator Reef Kitchens. BurgerFi opened its first unit inside a Reef unit in Miami in April.
Is BurgerFi expanding in 2021?
But the company is planning to accelerate its unit growth next year as it emerges from the pandemic. BurgerFi plans to more than double its company-owned units in 2021, to 55 by the end of the year. Those company locations will be primarily in Florida, the chain’s home market, as well as some surrounding states.
What is BurgerFi vision?
The vision for BurgerFi will be “America’s food, better done, ” he adds. And that’s where the genesis behind the Anthony’s deal really begins.
How many BurgerFi stores are there?
In BurgerFi’s 116-unit footprint, there are only 22 company-run stores. Five to 10 more are planned in the next nine weeks and it’s going to play a key role in expansion moving forward. The chain plans to seed new markets, like Nashville, Atlanta, and Virginia, with corporate openings. “I’ve always said, the best way to attract franchisees is to open a restaurant in the area,” Ramirez says.
What oven does Anthony's Pizza use?
The brand boasts a 25-item menu where alcohol mixed 15.9 percent pre-COVID. Anthony’s centers on a 900-degree coal-fired oven that gets food out quick and produces a “well-done” pizza with thin and crisp crust that’s not soggy—a differentiator from the “New Haven-style pizza” often associated with this cooking style. The pizza is lightly sauced and comes out of the oven smoking, with black spots and char on the edge and bottom. Coal-fired chicken wings, homemade meatballs, and a variety of sandwiches and salads also dot the lineup.
How many square feet is Anthony's?
But perhaps most alluring to note from an investor’s perspective, Anthony’s developed a smaller footprint fast-casual model at 1,700 square feet that could provide more attractive returns on unit economics, Rabinovitch says.
When did BurgerFi acquire Cheddar's?
Speaking further on L Catterton, Baines worked with the firm during his time at Cheddar’s and Anthony’s, which was acquired in 2015. “To be able to tap in as I’ve been able to tap in—to tap into their level of expertise and resources is incredibly helpful,” he says. It’s something that will aid BurgerFi’s next chapter as a multibrand company, from who it targets to how it integrates.
Who is the CEO of BurgerFi?
With the deal, Baines moves into a role as CEO of the entire company, under executive chairman Ophir Sternberg, founder and CEO of Lionheart Capital. Ramirez will be the CEO and president of the BurgerFi brand, while Rabinovitch remains CFO. Patrick Renna will serve as president of the Anthony’s concept.
Where is Anthony's BurgerFi located?
Anthony’s was founded in 2002 and is headquartered in Fort Lauderdale, Florida, roughly an hour’s drive up I-95 to BurgerFi’s base in North Palm Beach.
BurgerFi International Price Performance
NASDAQ BFI opened at $2.96 on Wednesday. BurgerFi International, Inc. has a 52 week low of $2.79 and a 52 week high of $9.21. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 0.61. The firm’s 50-day simple moving average is $3.05 and its two-hundred day simple moving average is $3.39.
Institutional Investors Weigh In On BurgerFi International
A number of institutional investors and hedge funds have recently modified their holdings of the company. Millennium Management LLC purchased a new stake in shares of BurgerFi International in the second quarter worth about $115,000. PDT Partners LLC purchased a new stake in shares of BurgerFi International in the first quarter worth about $67,000.
About BurgerFi International
BurgerFi International, Inc, together with its subsidiaries, owns and franchises fast-casual and premium-casual dining restaurants. Its restaurants offer burgers, hot dogs, crispy chicken, frozen custard, hand-cut fries, shakes, beer, wine, pizza, coal fired chicken wings, homemade meatballs, and a variety of handcrafted sandwiches and salads.
Further Reading
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