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Carrols Restaurant Group, Inc. is an American franchisee company and is the largest Burger King franchisee in the world; Carrols owns and operates over 1,000+ Burger Kings, and 55 Popeyes restaurants. The company has operated Burger Kings since 1976 in locations across 23 U.S. states.
Deborah Derby, president and CEO of Carrols, which has operated Burger King locations since 1976, said in a statement Tuesday that the acquisition is a testament to the hard work of the 24,000 ...
The brand plans to invest approximately $500 million, funded by Carrols’ operating cash flow, to remodel about 600 of the acquired Carrols restaurants. Burger King anticipates the refranchising ...
In the Mexican market, Burger King sold 97 corporate-owned locations to its largest franchisee in that country. The deal means multi-chain operator Alsea S.A.B. de C.V will eventually operate approximately half of Mexico's 400+ Burger King locations while receiving exclusive expansion rights in Mexico for a twenty-year period. [43]
At the time of the announcement, Carrols had 1,022 Burger King locations (along with 60 Popeyes locations). The goal was to remodel 600 of the restaurants, then sell them back to franchisees over five to seven years. The move represented a departure from the existing model of largely franchising locations. [99] [100] [101]
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Fiesta Restaurant Group is a Dallas, Texas-based restaurant chain, primarily owning Pollo Tropical locations in Florida. The company was a Corporate spin-off from Carrols Restaurant Group in 2012. Stock in the company was traded on NASDAQ as FRGI until October 2023 when it was taken private by investment firm Garnett Station Partners through ...
Half of Carrols' remodels will feature the Sizzle upgrades, with the company remodeling about 45 locations, according to QSR Magazine. Burger King recently announced that will acquire Carrols for ...