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December 27, 2012
17:04 EDTBKWBurger King in multi-country, master franchise JV with BEBOCA
Burger King Worldwide announced that it has entered into a multi-country, Master Franchise Joint Venture Agreement with BEBOCA LTD in Central America. This multi-country joint venture is a first of its kind for the BURGER KINGŪ brand worldwide. Under the terms of the agreement, BKW and BEBOCA LTD, a long-standing BURGER KINGŪ franchisee, which currently owns and operates 48 restaurants in Costa Rica and Panama, will establish a new entity named BK Centro America. The new joint venture will acquire the master franchise rights for the 178 restaurants in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama and has committed to manage the aggressive development of the BURGER KINGŪ brand in these countries. The company will provide operations, supply chain, procurement and marketing for franchisees in Central America and will have new development exclusivity in these markets.
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