The company has secured £35m in new investment from Bridgepoint to fund the growth.
“I am pleased to announce a resilient full year performance and strong strategic progress in 2022 as we announce ambitious plans to open 60 new restaurants over the next two years. We have continued our rapid expansion in the UK and delivered good growth during the year, despite industry-wide headwinds,” says Alasdair Murdoch, CEO of Burger King UK.
Murdoch says that alongside new restaurant openings and the acquisition of its largest franchise partner, Karali Group, the company has continued its focus on growing digital sales including home delivery
He says Burger King’s remodelling programme is well under way with 42 restaurants being upgraded during 2022 and 2023.
“Looking ahead we see significant opportunity for further growth and are encouraged by the strong pipeline of new openings, supported by additional funding from Bridgepoint,” he adds.
The master franchise business reported total revenues were up 39% to £294.5m in 2022 and like-for-like sales up 11%. During the period, the company opened 32 new company-restaurants and acquired 74 from Karali Group.