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Burger King

One of the world's top hamburger chains.

Headquarters:
226 Wyecroft Rd.
Oakville, ON L6K 3X7
Employees: 360,000
CEO: Daniel Schwartz
Stock Symbol: QSR

Website: http://www.burgerking.com

Career Site

Burger King is one of the world's leading hamburger restaurant chains. The Burger King system operates more than 15,003 restaurants in all 50 states and 98 countries and U.S. territories worldwide. Approximately 100 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 chain introduced Grilled Hot Dogs in Feburary 2016.

Burger King is owned by Restaurant Brands International, formed by the 2014 merger of Burger King and Tim Horton's of Canada.

There were 631 net new Burger King restaurants opened in 2015.

Burger King reported systemwide sales of $17.3 billion in 2015, up from $17.0 billion Comparable store sales increased 5.4% in 2015.

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.

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.

The company was acquired by 3G Capital in October 2010 for $4 billion. It went public again in 2012.

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 June 5, 2016