Burger King UK wants another 200 restaurants by 2026 as it mulls a potential £600m flotation.
The fast-food chain, which is backed by private equity firm Bridgepoint, reported 2021 revenue above pre-Covid levels and unveiled plans for 200 more venues to correct “significant under-penetration in the UK market”.
It is understood to remain keen to pursue an initial public offering, having appointed Bank of America, Investec and Peel Hunt, although it has yet to nail down a time frame.
The group has 509 outlets, of which 172 are directly owned and the rest sub-franchised. Last year it bought out 29 sub-franchises, including the Leicester Square site in central London, and opened 19 outlets.
