Grammy Award-winning singer-songwriter Chris Brown purportedly has a big appetite when it comes to the fast food industry being a lucrative investment.
The Virginia native is among a list of music artists and celebrities who are said to be restaurant franchisees. In 2015, Brown said in an interview with US Weekly’s “25 Things You Don’t Know About Me” that he owned 14 Burger King restaurants, although he has offered little in the way details about this then or since.
Burger King has over 18,000 locations worldwide, with roughly 7,000 restaurants in the U.S. The fast food giant generated $1.81 billion in revenue during the 2021 financial year across its global operations.
According to Franchise Help, Burger King requires a $50,000 franchise fee from the franchise owner. The franchise owner must also pay for all the costs associated with starting a new fast food restaurant. And they must have at least $500,000 in liquidity and a net worth of at least $1.5 million.
Brown has a net worth of an estimated $50 million. He has other investments, such as the clothing line he launched in 2015 called Black Pyramid. Since 2007 he has operated a record label under Interscope called CBE (Chris Brown Entertainment).
Brown has been creative in ways to generate cash. Last month, he held a meet-and-greet with fans, and if you wanted to take a photo with the singer, you had to cough up a cool $1,000.
This came on the heels of a lackluster NFT venture. Also in July, he debuted an NFT collection called Breezyverse. But not too many people are buying it.
Breezyverse is a set of 10,000 NFTs that he started selling on July 1. Each of the NFTs is an animation of singer Brown posing like a superhero atop a structure, but each is different. As of July 18, only 299 — or 3 percent of the collection — Breezyverse NFTs sold, Digital Music News reported. The NTFs go for .35 ether each, which is about $440.
Numerous other celebrities have sought ownership in well-known regional and national fast food chains, including Kanye West, who is also a franchise owner of 10 Burger locations, and hip-hop producer Pharell William’s partnership with Fatburger to open several locations in China.
Food franchise ownership doesn’t come without accountability as owners are responsible for all aspects of the business, from day-to-day operations to human resources. Rapper, Rick Ross owns five Wingstop restaurants under his company, Boss Wing Enterprises, in South Haven Mississippi. The U.S. Department of Labor found that the company had illegally made workers pay for their uniforms, required training, background checks, and were penalized for shortages at cash registers.
Ross, who owns 30 Wingstop locations across the U.S. addressed the violations in an Instagram Story that has since expired, saying that he takes full responsibility.
”When you’re running a business, there will be mistakes but as the biggest boss, you never make the same mistake twice,” the musician said. “Taking accountability is big when you’re the biggest.”
It’s becoming increasingly common for musicians to pursue other investments and entrepreneurial endeavors unrelated to their profession. Yet, sometimes those ventures aren’t successful as envisioned so having a connection with a larger brand with visibility and that is profitable has made fast food chains an attractive bet.
Renowned comedian, and now restaurateur, Kevin Hart recently cut the ribbon for the opening of new fast food, plant-based restaurant chain, Hart House in Los Angles. Hart has been a devoted investor in local food and beverage companies. The North Philadelphian teamed up with hip-hop mogul Jay-Z, among other notable investors on a $20 million series B investment in Hungry, a catering app designed for independent chefs.
Restaurant Brands International, the parent company of Burger King beat Wall Street estimates for its second-quarter earnings and revenue this month after the company reported strong international sales that have been aided by higher menu prices amid rising inflation.
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It’s impressive to see celebrities like Chris Brown diversifying their income streams through franchising! Owning 14 Burger King restaurants is a smart move, showing that he’s not just about music but also savvy business strategies. It’s inspiring to see how the franchise model can lead to financial success, especially when backed by a brand with such recognition. Looking forward to more insights on how others in the celebrity world are navigating this space!
It’s inspiring to see celebrities like Chris Brown investing in franchises like Burger King! It really shows that there’s more to financial success than just fame. I wonder how he got into the fast-food business and what his experience has been like so far. Looking forward to seeing how this unfolds for him!
I had no idea Chris Brown was involved in the franchise business! It’s impressive to see a celebrity diversify their income streams like this. I wonder how he got started in the fast food industry and what other celebs might follow suit. Franchising seems like a smart move for financial success!
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It’s fascinating to see how Chris Brown is diversifying his income through franchise ownership! The move into the Burger King business shows that he’s not just about music but also smart financial planning. Excited to see how his ventures will evolve!
What an interesting take on celebrity entrepreneurship! It’s impressive to see Chris Brown not only making waves in music but also in the fast-food industry. Owning 14 Burger King locations shows he knows how to diversify his income. I’d love to hear more about how he got started in the franchise world and what challenges he faces.
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It’s impressive to see Chris Brown venturing into the franchise world with Burger King! It’s a smart move for financial stability, and it’s always encouraging to see celebrities using their influence to diversify their portfolios. Looking forward to seeing how he performs as a franchisee!
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It’s inspiring to see celebrities like Chris Brown branching out into business ventures like owning Burger King franchises. It shows that they’re not just focused on their entertainment careers but are also making savvy financial decisions. Excited to see how this plays out for him and if it encourages more stars to invest in franchises!
It’s fascinating to see how Chris Brown is diversifying his portfolio with Burger King franchises! It’s proof that celebrities can leverage their fame into smart business ventures. I wonder if he plans to expand even further into the fast-food industry. Excited to see how this plays out!
Wow, I had no idea Chris Brown was involved in the franchise business! It’s inspiring to see celebrities like him diversify their income streams. Can’t wait to see how his Burger King ventures turn out!
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It’s impressive to see Chris Brown leveraging his fame into smart business ventures like Burger King! It’s always inspiring when celebrities diversify their income. I hope this encourages more public figures to explore entrepreneurial opportunities!
It’s impressive to see Chris Brown diversifying his portfolio with Burger King franchises! It’s a great example of how celebrities can leverage their brand for financial success in unexpected ways. Looking forward to seeing more about his journey in the franchise world!
It’s impressive to see how celebrities like Chris Brown are leveraging their fame into successful business ventures like owning multiple Burger King franchises. This just goes to show that with the right strategy, even in the fast-food industry, one can achieve significant financial success. Can’t wait to see how other stars follow in his footsteps!
It’s fascinating to see Chris Brown branching out into the franchise world with his Burger King restaurants! It really shows how diverse his interests are and highlights the potential for celebrities to succeed beyond their primary careers. Looking forward to seeing how this venture unfolds for him!
It’s inspiring to see someone like Chris Brown engaging in entrepreneurship with his Burger King franchises! It really shows that success can be achieved in various ways beyond just the spotlight. Looking forward to hearing more about how he manages both his music career and his restaurant empire!