Bridgepoint invests up to £35m in Burger King UK as it extends Master Franchise Agreement to 2044
Bridgepoint has injected about £15 million into Burger King UK recently, with an additional £20 million expected over the next 18 months. This funding accompanies an extension of Burger King UK's Master Franchise Agreement with a subsidiary of Restaurant Brands International through to 2044.
Burger King UK currently operates around 575 outlets and employs approximately 12,000 people. Under chief executive Alasdair Murdoch, the company plans to open about 30 new sites next year.
In 2024, Burger King UK reported a solid financial performance amid sector headwinds, with revenue rising 7% to £408.3 million and EBITDA increasing 12% to £26 million. The company also refinanced its bank facilities, pushing their maturity to March 2028.
The UK hospitality sector faces challenges, as seen with TGI Fridays and Leon seeking administrator appointments due to cost pressures from the budget. Bridgepoint declined to comment on the capital injection.
