Quarterly report pursuant to Section 13 or 15(d)

Organization

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Organization
3 Months Ended
Apr. 03, 2023
Accounting Policies [Abstract]  
Organization Organization
BurgerFi International, Inc. and its wholly owned subsidiaries (“BurgerFi,” or the “Company,” also “we,” “us,” and “our”), is a multi-brand restaurant company that develops, markets and acquires fast-casual and premium-casual dining restaurant concepts around the world, including corporate-owned stores and franchises located in the United States, Puerto Rico and Saudi Arabia.

As of April 3, 2023, the Company had 172 franchised and corporate-owned restaurants of the two following brands:

BurgerFi. BurgerFi is a fast-casual “better burger” concept with 112 franchised and corporate-owned restaurants as of April 3, 2023, offering burgers, hot dogs, crispy chicken, frozen custard, hand-cut fries, shakes, beer, wine and more.

Anthony’s. Anthony’s is a pizza and wing brand that operated 60 corporate-owned casual restaurant locations, as of April 3, 2023. The concept is centered around a coal fired oven, and its menu offers “well-done” pizza, coal fired chicken wings, homemade meatballs, and a variety of handcrafted sandwiches and salads.

Corporate-owned stores and Franchised stores

Store activity for the quarter ended April 3, 2023 and the year ended January 2, 2023 is as follows:

April 3, 2023 January 2, 2023
Corporate-owned Franchised Total Corporate-owned Franchised Total
Total BurgerFi and Anthony's 87  85  172  85  89  174 
BurgerFi stores, beginning of the period 25  89  114  25  93  118 
BurgerFi stores opened —  11 
BurgerFi stores acquired / (transferred) (2) —  (3) — 
BurgerFi stores closed —  (4) (4) —  (15) (15)
BurgerFi total stores, end of the period 27  85  112  25  89  114 
Anthony's stores, beginning of period 60  —  60  61  —  61 
Anthony's stores closed       (1)   (1)
Anthony's total stores, end of the period 60    60  60    60 
End of quarter and end of year store totals included one international store at April 3, 2023 and January 2, 2023.