Burger
King
World's second largest
hamburger chain.
Headquarters:
5500 Blue Lagoon Dr.
Miami, FL 33126
Employees: 300,000
CEO: John Chidsey
Stock Symbol: BKC
Website:
http://www.burgerking.com
Career Site
Burger King is the world's second-largest
hamburger restaurant chain. The Burger King system operates more
than 11,200 restaurants in all 50 states and 69 countries and
U.S. territories worldwide. Approximately 90 percent of restaurants
are owned and operated by independent franchisees, many of them
family-owned operations that have been in business for decades.
Best-known for flame-broiled burgers including
the Whopper, Burger King also offers chicken sandwiches, fish
sandwiches, French fries, onion rings, salads, chicken fries
and Croissanwiches for breakfast.
The company went public in May, 2006 at
$17 per share and raised $393 million. Burger King Holdings remains
majority-owned by an equity group comprised of Texas Pacific
Group, Bain Capital Partners and the Goldman Sachs Funds.
Burger King Holdings had record revenues
of $2.23 billion in fiscal 2007 and net income of $148 million.
The company opened 441 new restaurants in fiscal 2007. Worldwide
average restaurant sales were $1.193 million.
Every day, about 1,072 customers are served
per restaurant, per day, or approximately 11.8 million customers
daily worldwide. More than 2.1 billion hamburgers are sold at
Burger King restaurants annually.
History
The first Burger King was founded in Miami
in 1954 by James McLamore and David Edgerton.
McLamore and Edgerton, both of whom had
extensive experience in the restaurant business before starting
their joint venture, believed in the simple concept of providing
the customer with reasonably priced quality food, served quickly,
in attractive, clean surroundings.
The Whopper was introduced in 1957 and
became an instant hit.
One of the factors that have helped to
increase the Company's expansion and growth has been the sale
of restaurant franchises. By 1961, McLamore and Edgerton had
acquired national franchise rights for the Company, which was
then operating 45 restaurants throughout Florida and the Southeast.
Since its Florida beginnings more than
50 years ago when a hamburger cost 18¢ and a Whopper sandwich
cost 37¢, Burger King Corporation has established restaurants
around the world - from Australia to Venezuela. In 1967, the
Minneapolis-based Pillsbury Company acquired the Company, which
then had 8,000 employees working in 274 restaurants.
Drive-thru service, designed to satisfy
customers "on-the-go," was introduced in 1975 and now
accounts for approximately 58 percent of restaurant business.
"Take-out" represents another 20 percent of off-premise
dining.
Burger King Corporation was acquired in
December 2002 by private equity funds controlled by Texas Pacific
Group, Bain Capital Partners and the Goldman Sachs Funds.
Benefits
All full-time workers are eligible to participate
in the following programs:
- Medical Coverage
- Dental Coverage
- Company-paid Life Insurance
- 401(k) Savings Plan with a 6% company-match
Full-time, salaried employees may also
be eligible to participate in the following programs:
- Vision Coverage
- Short- and Long-Term Disability Coverage
- Flexible Spending Accounts (Health and Dependent Care)
- Tuition Assistance
Updated January 22, 2008
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