BurgerFi, one of the nation’s fastest growing, all-natural “better burger” restaurant concepts, announced today that it has signed development deals with three multi-unit franchisee groups. The deals mark BurgerFi’s further expansion in the Southeast and Northwest.
BurgerFi inked deals include:
BullaFi, LLC will build a total of three new restaurants in the Raleigh, North Carolina area.
QSR by RAM, LLC, will open two restaurants in Alabama and Georgia.
H&F Investors, LLC will develop a total of four restaurants in Oregon and Washington.
“BurgerFi partners with experienced, multi-unit franchisees, who possess both the focused commitment and infrastructure capability to successfully operate our fast-casual concept,” says Corey Winograd, chief executive officer of BurgerFi. “These franchisees reflect our strategic initiative to surround ourselves with successful business operators who understand the restaurant industry. Our current pace of new development deals echoes the enthusiasm of consumers coast-to-coast for the BurgerFi brand.”
The better burger chain is poised for growth, with $135 million in system-wide sales projected for 2017, an increase of $28 million over 2016. BurgerFi currently boasts 97 stores, 19 of which opened last year, with another eight new stores added since the beginning of the year. The chain is set to add 12 more stores through 2017, bringing the total to 109 by year’s end.
BurgerFi will open its 100th restaurant at its first non-traditional location at the Fort Lauderdale International Airport this summer.
Each restaurant is built according to environmentally sustainable best practices. The company’s website emphasizes the interior’s “earth-friendly elements, like chairs that are made from recycled Coke bottles, tables made out of compressed recycled wood, and large fans that use 66 percent less electricity,” as well as its stringent recycling programs for oil, cardboard, bottles, and cans.
Lia, who owns Lia Auto Group with his family, operates 20 auto dealerships in three states. The company employs 500 people in the Albany region and generated more than $760 million in revenue in 2014.
Lia and his brothers Michael and Vincent teamed up with the region’s largest caterer and restaurant owner, Angelo Mazzone, last year to open the area’s first BurgerFi franchise. The first location opened in August on New Loudon Road in Latham.
The burger chain, which is headquartered in North Palm Beach, Florida, sells burgers made from Angus beef and has wine and craft beer on the menu. BurgerFi operates 80 franchise and corporate-owned locations in the United States, including six in New York. Nearly two dozen restaurants opened last year.
The Lias’ second BurgerFi franchise will be located at the former site of Saratoga Saddlery & International Boutiques, which moved to a new location on Broadway. Lia purchased 460 Broadway for $1.7 million last year from Mark Straus and Saratoga Historic Restorations LLC.
BurgerFi will operate on the first floor of the three-story building. Offices will be located on the second floor and there will be two apartments on the third floor. Bonacio Construction of Saratoga Springs has been hired to renovate the building. Lia said he expects construction to take about four months, giving him enough time to open the Saratoga franchise well before the start of the summer thoroughbred racing season.
Lia secured a $916,000 loan for the Saratoga property from Catskill Hudson Bank last month. Approximately $360,000 of that money will be used to finance construction costs, according to documents filed with the Saratoga County clerk’s office. The remainder of the money will be used to refinance a previous mortgage.
Lia also is seeking approval in the town of Guilderland for a third BurgerFi franchise. He currently is seeking approvals from the town’s Zoning Board of Appeals for a 3,500-square-foot restaurant. That location is expected to open by late summer or early fall. Lia said he will seek bids from general contractors for the Guilderland site once his approvals are in place.
The Saratoga and Guilderland franchises are each multi-million investments, Lia said.
Last year was a strong year in auto sales, which have come back strong since the recession, Lia said. Lia Auto Group opened a new Nissan dealership in Queensbury last month. The company also acquired a Chrysler Jeep Dodge Ram dealership in Northampton, Massachusetts, and replaced lighting and carpeting and made other improvements at its Latham location. (source: http://www.bizjournals.com/albany/morning_call/2016/01/lia-family-will-open-second-burgerfi-restaurant.html )
BurgerFi, one of the nation’s fastest growing, all-natural “better burger” restaurant concepts, announced today that it has signed development deals with three multi-unit franchisee groups. The deals mark…
Each restaurant is built according to environmentally sustainable best practices. The company’s website emphasizes the interior’s “earth-friendly elements, like chairs that are made from recycled Coke bottles, tables…
Bill Lia Jr. has secured financing for his second BurgerFi franchise through Catskill Hudson Bank and plans to open the downtown Saratoga Springs, New York restaurant this spring….
(Business Insider) John Rosatti, the CEO of The Office, decided to create a burger joint inspired by these two top-selling burgers. BurgerFi opened its first location in Delray…