Move Could Mean More Burger Kings; Local Selling His Northeast Florida Regional Franchise to Burger King Corporation

By Calnan, Christopher | The Florida Times Union, November 18, 2004 | Go to article overview

Move Could Mean More Burger Kings; Local Selling His Northeast Florida Regional Franchise to Burger King Corporation


Calnan, Christopher, The Florida Times Union


Byline: CHRISTOPHER CALNAN, Times-Union staff

Your local Burger King is going corporate.

Jacksonville businessman David Stein said Wednesday he's selling his Northeast Florida 33-restaurant regional franchise to Burger King's Miami-based corporation -- and that will probably lead to more Burger Kings in the area.

Stein, whose family established the first Burger King on Beach Boulevard more than 50 years ago, declined to reveal the value of the deal that he expects to close today or Friday.

The deal involves restaurants operated by six owners who are sub-franchisees paying royalties to Stein for operating Burger Kings in St. Johns, Clay and Duval counties. In addition to the royalty rights, the deal involves 13 real estate packages, Stein said.

Stein said he expects Burger King will capitalize on the regional rights by opening more restaurants.

"It's more than possible, it's highly probable," he said. "That's what they're paying a lot of money for -- the potential growth."

Steve DeSutter, Burger King's senior vice president of corporate communications, said Wednesday Jacksonville-area Burger Kings are performing better than the national average.

"We look forward to building on this positive momentum," he said in a written statement. "We currently do not have a formal plan to expand in Jacksonville but will pursue opportunities as they become available."

Nothing in particular prompted the sale, Stein said.

"It's just the right time," he said. "I have an interest in selling it, and they have an interest in buying. It's just a win-win situation."

Stein, 65, said he will continue operating his Burger King distribution business and a company that operates 60 Applebees restaurants in New York and Connecticut.

He also intends to be active in philanthropy but declined to say exactly how.

Stein, a self-described "redneck college dropout," began working at his father's Burger King restaurant in about 1955 for 50 cents an hour. (The original Burger King's building still stands and now operates as a Stan's Sandwich Shop.)

Stein's father, Ben, sold the Burger King trademark to two Miami businessmen who expanded the company. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

Move Could Mean More Burger Kings; Local Selling His Northeast Florida Regional Franchise to Burger King Corporation
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.