Restaurant Brands International (RBI), formed in 2014 through a $12.5 billion merger between Burger King and Tim Hortons, later expanded with Popeyes (2017) and Firehouse Subs (2021), operates as the fifth-largest quick-service restaurant company globally with nearly $45 billion in annual system-wide sales. While headquartered in Toronto, Burger King maintains its operations and headquarters in Miami, Florida, cementing the state's strategic importance to RBI's portfolio.
Florida represents both Burger King's historical foundation and operational center. Originally founded in Jacksonville in 1953 as Insta-Burger King, Miami-based franchisees James McLamore and David Edgerton purchased and restructured the company in 1959. The company has maintained its Miami-Dade County headquarters, currently located at 5707 Blue Lagoon Drive since 2018. Florida was also among the key regions where RBI divested corporate-owned locations between 2012-2013, re-franchising them to private owners as part of 3G Capital's restructuring strategy.
RBI's Burger King holdings represent substantial financial value, with over 19,400 restaurants worldwide generating expected 2024 global revenue exceeding $23 billion. Individual franchises average $1.51 million in annual revenue, requiring $363,000 to $4.7 million in total investment to open. RBI has demonstrated significant commitment through major investments, including the $1 billion acquisition of Carrols Restaurant Group (the largest U.S. franchisee with 1,000+ locations) in January 2024, plus an additional $300 million to modernize 85-90% of U.S. restaurants by 2028, building upon previous $250 million "Royal Reset" and $500 million Carrols remodeling investments.