Investment Overview

Every day, more than 11 million guests visit Burger King restaurants around the world. Founded in 1954, the Burger King brand is the second-largest fast food hamburger chain in the world. The original Home of the Whopper, the Burger King system operates more than 18,700 locations in more than 100 countries and U.S. territories. Almost 100 percent of Burger King restaurants are owned and operated by independent franchisees, many of them family-owned operations that have been in business for decades. Carrols is one of the largest restaurant franchisees in the United States. It is the largest Burger King franchisee in the U.S., currently operating 1,029 Burger King restaurants in 23 states as well as 65 Popeyes restaurants in seven states. Carrols has operated Burger King restaurants since 1976 and Popeyes restaurants since 2019. Springfield is the capital of Illinois and the county seat of Sangamon County. The city is the state’s sixth most-populous city, the second largest outside of the Chicago metropolitan area, and the largest in central Illinois. As of the 2020 census, the city’s population was 114,394 with approximately 208,000 residents living in the Springfield metropolitan area. Springfield is situated about 100 miles northeast of St. Louis, Missouri, and some 185 miles southwest of Chicago.