Burger Ruler (NYSE: BKC), often abbreviated as BK, is a worldwide chain of hamburger junk food restaurants headquartered in unincorporated Miami-Dade County, Florida, USA. The company began as a franchise restaurant string, based in Jacksonville, Florida in 1953, known as Insta-Burger King, and run by Keith J. Kramer and Matthew Melts away. Following the company ran into financial problems in 1955, its two Miami-based franchisees, David Edgerton and James McLamore, purchased the business and rechristened it Burger Ruler. Since that time, the business has used several versions of franchising to broaden its businesses. Burger Ruler Holdings Firm is the parent or guardian company of Burger King; in america it functions under the Burger Ruler Brands title while internationally it performs under the Burger Ruler Corporation banner. It is a publicly traded company with investment businesses of TPG Capital, Bain Capital, and Goldman Sachs Capital Associates each owning about 25% of the company.
At the finish of fiscal season 2009, Burger King reported that we now have more than 12, 000 shops in 73 countries; 66% are in the United States and 90% are privately owned or operated and operated. The business has more than 37, 000 employees providing approximately 11. 4 million customers daily. In THE UNITED STATES, franchises are certified on a per store basis, while in a number of international locations licenses can be purchased on a regional basis with franchises using exclusive development rights for the spot or country. These regional franchises are known as grasp franchises, and are in charge of opening new restaurants, licensing new third party operators, and accomplishing standards oversight of most restaurant locations in these countries; the major example of a get good at franchise is Hungry Jack's, which entirely possesses, operates or sub-licenses over 300 restaurants in Australia.
The Burger King menu has improved from a basic offering of burgers, fries, sodas and milkshakes in 1954, to a more substantial, more diverse group of offerings that includes several modifications of chicken, seafood, salads and breakfast. The Whopper, a sandwich that has since become Burger King's personal product, was the first major addition to the menu by McLamore in 1957. Not absolutely all introductions experienced the success of the Whopper; BK has released many products which failed to catch hold in the marketplace. Some products which may have failed in the US have observed success in foreign market segments, where BK has also designed its menu for regional tastes.
The company's "Golden Era" of advertising was during the 1970s when it introduced its mascot the Magical Burger Ruler, a memorable jingle, and many popular and parodied slogans. From the first 1980s, its advertising started to lose concentrate; a series of less successful advertisement promotions created by various firms continued for the next two decades. In 2003, Burger King set about resuscitating its moribund advertising with the hiring of the Miami-based advertising agency of Crispin Porter + Bogusky (CP+B). They completely reorganized Burger King's advertising with a series of new advertisements centered on a resuscitated Magical Burger Ruler character.
The predecessor to what is now the international fast food restaurant chain Burger Ruler was founded in 1953 in Jacksonville, Florida as Insta-Burger Ruler. The original founders and owners, Kieth J. Kramer and his wife's uncle Matthew Burns up, opened their first stores around a piece of equipment known as the Insta-Broiler. The Insta-Broiler range proven so successful at cooking burgers, they required all of their franchises to transport the device. After the original company began to falter in 1959, it was purchased by the Miami, Florida franchisees Adam McLamore and David R. Edgerton who renamed the business Burger King. The duo ran the business as an independent entity for eight years, eventually expanding to over 250 locations in the United States, when they sold it to the Pillsbury Company in 1967.
Under Pillsbury, the business underwent several efforts at reorganization or restructuring in the later 1970s and early on 1980s. While these work were effective in the short term, most of them were eventually discarded resulting in Burger King slipping into a fiscal slump that destroyed financial performance of both Burger King and its mother or father. Poor working performance and ineffectual command extended to bog the business down for many years, even after it was acquired in 1989 by the United kingdom entertainment conglomerate Grand Metropolitan and its successor Diageo. Eventually, the institutional disregard of the bran