Dublin’s burger chain Burger King has launched a tender offer for its flagship restaurant in the city’s CBD, with an interest of up to €1bn.
Dublin-based Burger King operates a restaurant in The O’Connell Street Shopping Centre, the heart of the CBD’s shopping precinct, and its franchisees operate restaurants across the city, with the O’Connors and the City Centre shopping centre currently being served by Burger King.
The tender offer is the latest in a string of deals for Burger King in recent years, and will allow the Dublin-based chain to expand further into the city.
The franchisees have long struggled to compete in a city where Burger King dominates the food and drink scene.
But Burger King’s aggressive expansion into the food industry has seen it dominate the market, and it is now hoping to expand into the tourism sector.
The company is hoping to raise €1.5bn in a joint venture with the City of Dublin and Irish-based investment firm Capital One.
The offer is part of a wider move for Burger Kingdom to explore the Irish market.
The firm is also looking at a potential franchise for its own food court in Dublin’s CBD.
Last year, Burger King opened its first Irish restaurant, at the corner of South and West Street.
The restaurant opened in February 2016, and is located in the space formerly occupied by the now-defunct O’Donovan’s.
It opened in the middle of the summer, and has now been expanded to a number of locations across the Irish capital.
The restaurant is open until 7pm on weekdays and is served by three Burger King restaurants in Dublin.