PARSIPPANY — Parsippany Focus has learned the Burger King at 1429 Route 46, corner of Baldwin Road will be closing to make room for Starbucks. Soon you will be able to order your Iced Carmel Macchiato or Caffè Americano closer to home.
This will be the second Starbucks coming to Parsippany. Parisppany Focus published news about the first Starbucks being built on Route 10, a 2,000 square foot cafe with a drive through (click here for article).
Burger King, home of the WHOPPER® sandwich, is known for fast food burgers, breakfast, lunch and dinner.
The company began in 1953 as Insta-Burger King, a Jacksonville, Florida-based restaurant chain. After Insta-Burger King ran into financial difficulties in 1954, its two Miami-based franchisees, David Edgerton and James McLamore, purchased the company and renamed it Burger King. Over the next half century, the company would change hands four times, with its third set of owners, a partnership of TPG Capital, Bain Capital, and Goldman Sachs Capital Partners, taking it public in 2002. In late 2010, 3G Capital of Brazil acquired a majority stake in BK in a deal valued at US$3.26 billion. The new owners promptly initiated a restructuring of the company to reverse its fortunes. 3G, along with partner Berkshire Hathaway, eventually merged the company with Canadian-based doughnut chain Tim Hortons under the auspices of a new Canadian-based parent company, Restaurant Brands International.
At the end of fiscal year 2013, Burger King reported it had over 13,000 outlets in 79 countries; of these, 66 percent are in the United States and 99 percent are privately owned and operated with its new owners moving to an entirely franchised model in 2013.
When the Parsippany location closes you will have to travel to 223 Route 10, East Hanover, 900 Bloomfield Avenue, West Caldwell or 171 West Main Street (Route 46) Denville, to get your WHOPPER®.
