Quarterly report pursuant to Section 13 or 15(d)

Organization

v3.23.2
Organization
 6 Months Ended
Jul. 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 July 3, 2023, the Company had 174 franchised and corporate-owned restaurants of the two following brands:

BurgerFi. BurgerFi is a fast-casual “better burger” concept with 114 franchised and corporate-owned restaurants as of July 3, 2023, offering burgers, hot dogs, crispy chicken, hand-cut fries, frozen custard 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 July 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 six months ended July 3, 2023 and the year ended January 2, 2023 is as follows:

July 3, 2023 January 2, 2023
Corporate-owned Franchised Total Corporate-owned Franchised Total
Total BurgerFi and Anthony's 87  87  174  85  89  174 
BurgerFi stores, beginning of the period 25  89  114  25  93  118 
BurgerFi stores opened —  5  5  3  8  11 
BurgerFi stores acquired / (transferred) 2  (2) —  (3) 3  — 
BurgerFi stores closed —  (5) (5) —  (15) (15)
BurgerFi total stores, end of the period 27  87  114  25  89  114 
Anthony's stores, beginning of period 60  —  60  61  —  61 
Anthony's stores opened —  —  —  —  —  — 
Anthony's stores closed —  —  —  (1) —  (1)
Anthony's total stores, end of the period 60  —  60  60  —  60 

Store totals included two international stores at July 3, 2023 and one international store at January 2, 2023. Subsequent to July 3, 2023, the Company closed one Burgerfi and one Anthony’s store.