A&W vs Burger King
Side-by-side figures from each brand's latest FDD Item 20 as we extracted them; verdicts are our opinion under the published methodology, and the source filing and year are on each brand's profile. Green marks the more favorable metric (lower for distress), not a recommendation to buy.
Units · latest run
-1.9% (2023–2025)
Net unit change
-4.8% (2022–2024)
Fair
Exit quality
Strong
Strong
Transfer / churn
Strong
1.2× expected (19 of 90)
SBA losses vs same-year loans
0.4× expected (18 of 306)
—
Distress
—
$30,000
Franchise fee
$50,000
$301K–$1.6M
Investment range
$363K–$4.7M
5%
Royalty
4.5%
Disclosed
Earnings (Item 19)
Disclosed
A&W
Burger King
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