Burger King U.K. Stands by `No Revenue, No Rent' Policy

The transcript discusses Burger King UK's current operations, focusing on takeaway, delivery, and drive-through services. It highlights the challenges of reopening restaurants, particularly on the High Street, due to lease and rent issues. The potential for restaurant closures and administration is considered, with a focus on finding a fair solution for landlords and tenants. The future outlook suggests a year-long recovery process, with hopes for a return to normalcy as social distancing measures ease.

What is the primary reason for Burger King UK's marginal profitability during the current operations?

• Increased labor costs

• Reduced customer demand

• Fees paid to delivery aggregators

• High cost of ingredients

What factor is crucial for Burger King UK's decision to reopen more High Street restaurants?

• Customer volume and safety

• Availability of delivery services

• Government subsidies

• Reduction in rent costs

How is Burger King UK handling rent payments for its open restaurants?

• Paying a proportion of rent based on trading volume

• Paying no rent until full reopening

• Paying full rent for all locations

• Negotiating rent-free periods

What is a potential consequence if landlords become too difficult in rent negotiations?

• Higher customer footfall

• More restaurants going into administration

• Increased competition on the High Street

• Expansion of restaurant locations

What is Burger King UK's stance on putting restaurants into administration?

• They plan to do it next week

• They are actively closing restaurants

• They are not considering it at all

• It is a last resort option

When does Burger King UK anticipate returning to pre-COVID normalcy?

• Never

• In six months

• In one year

• In two years

What is a key factor that could help Burger King UK return to normal operations?

• Hiring more staff

• Opening more locations

• Increased advertising

• Reduction in social distancing measures