Quarterly report pursuant to Section 13 or 15(d)

Organization

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Organization
 3 Months Ended
Apr. 01, 2024
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 1, 2024, the Company had 162 franchised and corporate-owned restaurants of the two following brands:

BurgerFi. BurgerFi is a fast-casual “better burger” concept with 102 franchised and corporate-owned restaurants as of April 1, 2024, offering burgers, hot dogs, crispy chicken, hand-cut fries, frozen custard and shakes, beer, wine and more.

Anthony’s. Anthony’s is a pizza and wing brand that operated 60 restaurants including 59 corporate-owned and one franchise location co-branded with BurgerFi as of April 1, 2024. 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 1, 2024 and the year ended January 1, 2024 is as follows:

April 1, 2024 January 1, 2024
Corporate-owned Franchised Total Corporate-owned Franchised Total
Total BurgerFi and Anthony's 86  76  162  87  81  168 
BurgerFi stores, beginning of the period 28  80  108  25  89  114 
BurgerFi stores opened 1  1  2  —  8  8 
BurgerFi stores acquired / (transferred) —  —  —  4  (4) — 
BurgerFi stores closed (2) (6) (8) (1) (13) (14)
BurgerFi total stores, end of the period 27  75  102  28  80  108 
Anthony's stores, beginning of period 59  1  60  60  —  60 
Anthony's stores opened —  —  —  —  1  1 
Anthony's stores closed —  —  —  (1) —  (1)
Anthony's total stores, end of the period 59  1  60  59  1  60 
End of period store totals included one international store at April 1, 2024 and at January 1, 2024, respectively.