As of June 30, Burger King had 92 restaurants, with a total of 18.6 million customers served in the periodfranchise in South Africa, said on Wednesday it was in talks to sell a stake in the business, without giving a reason.GPI signed a long-term master franchise agreement with Burger King in 2012, betting on South Africa’s lucrative fast-food market, consumer appetite for flame-grilled burgers as well as their price appeal.
In the year ended June 30, the fast food franchise started generating a “long-awaited” profit of R11.7 million for GPI from a loss of R27.1 million, driven by higher sales from new restaurants and a significant improvement in same-store sales of 10.3%.
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Shame I could have told them that it wouldn't work, especially since they are worse than McD
The reason it obvious. There are slim chances to see businesses sell their stake if the business is profitable.
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