Burger King has announced a £60 million financing deal to support its growth in Britain, promising to open 30 new restaurants in the UK and Ireland this year, according to the company. 8%. Between 18 and 20 of the 30 new restaurants will be company-owned, with the others being franchise sites, Burger King said.
The company recently secured a £60 million paycheck from lenders Metro Bank and Oak North. Burger King currently has 574 restaurants across the UK. Burger King noted the macroeconomic environment remains challenging but inflationary pressure has begun to plateau in some key cost areas.
The company said higher labour costs are a significant financial headwind but it predicts an ease in the spike of wages. Burger King added it is largely insulated from short-term inflationary costs through hedging of energy, food, and foreign exchange costs. Burger King's 2025 efforts were boosted by a £30 million allocation from investor Bridgepoint.
Specific locations for the new restaurants and the exact timeline for opening them and refurbishing over 60 sites have not been disclosed. It is also unclear how the £60 million financing deal will be allocated between new openings, refurbishments, and other operational costs.