Restaurant chain buys 74 outlets from London-based franchise leader Karali Group
Arger King UK has bought all 74 restaurants through the acquisition of Karali Group Rubber from its second largest franchise operator, stamping its ambitions to expand the chain from 533 locations to 700 by 2026.
In addition to the new lender AIG, the business was deal with funding through two existing lenders NatWest and Rabobank London. Fixed-term financing replaces the previous credit facility of the business, which was secured at the end of the previous year.
The owner and managing director of the Karali Group is Salim Janmohammed, a longtime franchisee of both Burger King and Wimpy Fast Food Estate. The employees of Karali Group will now transfer to the core team of the restaurant chain.
The fast food giant, known for its flame-grilled burgers including the iconic Whopper, along with other high street favorites including the Bacon Double Cheeseburger and Chicken Royale, plans to open one restaurant a week in the UK by the end of 2022. Challenges competitors with an estimated 1,300 sites including McDonald’s and KFC with over 1,000 locations.
Burger King UK boss Alasdair Murdoch said: “The acquisition of Karali – the largest consolidation Burger King UK has made – is an important milestone for the business, bringing more restaurants under our ownership, increasing value and driving operational efficiencies. For.
“We believe we have a strong expansion pipeline and are well positioned to take advantage of the clear market opportunities ahead.
“As one of the longest-standing franchise partners, Karli’s dedicated team has ensured that Burger King stores continue to best serve our customers while driving impressive growth.”
The deal will increase the number of directly owned locations to 266, including sites in London, Liverpool, Manchester, Birmingham and Leeds.
The restaurants acquired as part of the deal will now be absorbed into the group’s remodeling and upgrade program, which the business said will “deliver an improved customer experience and new visual identity, including pre-order digital kiosks and digital menu screens.” Are included”.
Janmohammed said: “We are delighted to support this transaction to ensure that Burger King UK can continue to enhance the value of this impressive portfolio with the support of its expert leadership team and the dedicated workforce employed today.”
In August, Burger King gave away free plant-based and vegetarian burgers to promote ‘National Burger Day,’ urging customers to have “a little more flex” in their menu choices.
Credit: www.standard.co.uk /