Why BFI? - A Compelling Turnaround Opportunity
Star Rating
Restaurant Footprint Optimization (Cont'd)
Improve overall portfolio quality by prioritizing highest impact locations
To identify the locations with the greatest opportunity for improvement, we conducted a strategic assessment of
BurgerFi's portfolio and segmented each restaurant location into four performance buckets based on the correlation
between online ratings and comp sales growth
Our assessment validated the high correlation between guest ratings and financial performance, with locations above a 4-
star rating generating +13.6% average comp sales growth versus -9.5% comp sales for those below
5.00
Feb. '22 - Jan. '23 Average Star Rating VS. 3-Year Stack Comp Sales
Underperforming
Top Performing (23)
Top Performing
4.80
4.60
4.40
4.20
4.00
3.80
3.60
3.40
3.20
(High Star Ratings & Comp Sales)
Bottom Performing (25)
(Lowest Star Ratings & Comp Sales)
Underperforming (9)
(Average Star Ratings & Lower Comp Sales)
Growth at Risk (7)
(Lower Average Star Ratings & High Comp Sales)
Bottom Performing
3.00
-40%
-20%
0%
20%
Comp Sales
Growth At Risk
40%
60%
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