Future uncertain for vacant Burger King locationPublished 7:28pm Friday, January 10, 2014
by Kiesa Kay
The Burger King in Columbus has shut its doors and at this time no plans have been confirmed for re-opening at that location.
Sue Flannagan, of the Legal Department of Carrols Corporation based in Syracuse, NY, stated that the Burger King has been owned and operated by Carrols Restaurant Group, Inc., the largest Burger King franchisee in the world. The group employs 17,000 people in 570 restaurants across 13 states. The property itself has been registered for tax purposes to Quality Properties in Johnson City, TN.
3G Capital owns Burger King, and ninety percent of the Burger King restaurants operate as franchises. To obtain a Burger King franchise, an individual needs $1.5 million net worth and $500,000 liquid assets, and the franchise fee is $50,000.
Jonathan Kanipe, town manager, said he did not know yet what the future of the site would be.