Katz seeking new homes for the SWAG burger

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Katz & Associates is expanding the roll-out of
all-natural hamburger chain BurgerFi into the New York tri-state area.

The company has already executed 17 leases for the
fast-growing franchise in Florida, North Carolina, Tennessee, and Virginia.

Now, brokers are looking for additional sites in those
states, as well as in Georgia, New York, and New Jersey as the chain anticipates
adding a total of 50 new locations between 2021 and 2022.

“It’s exciting to work with this rapidly expanding fast-casual restaurant chain,” said Jon Cashion and Nicole Fontaine of Katz & Associates. “We’ve been securing locations in strong retail corridors where consumers appreciate the high-quality, delicious food and leading sustainability practices that BurgerFi delivers.”

Established in 2011, BurgerFi has become one of the nation’s
fastest-growing better burger concepts with approximately 120 restaurants
domestically and internationally. The concept is chef-founded and is committed
to serving fresh food of transparent quality.

The Katz team across offices – including Cashion, Fontaine,
Julie Gardner, David Eggnatz, and Daniel Solomon – is seeking locations that
range from 2,000 to 2,400 s/f, plus 500 square feet as an outdoor patio/seating
area.

BurgerFi saw its revenue increase 65 percent in the second
quarter to $11.8 million, as both corporate and franchise stores posted
double-digit gains.

Systemwide sales increases for the fast casual chain were
supported by an increase in average check value, the company’s digital channel
sales, as well as the introduction of the SWAG burger in 2021 which sells for
around $11.

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