Bull Burger Lounge has reached a new collaboration agreement with the BBVA through which it intends to increase its presence in Spanish territory until it reaches the figure of 40 stores and 20 million euros of turnover at the end of this year.
For this, the bank has designed a specific investment plan with special financial conditions that are intended to attract all those restless entrepreneurs who wish to be part of the Toro Burger family.
The agreement between Toro Burger and BBVA means that each investor can request a personalized study that allows them to obtain advantageous financing and enjoy optimal conditions when opting for a loan to start up their franchise. In this way, the deadlines will be shortened, all procedures will be provided with full fluidity and the expansion process of the Toro Burger brand in Spain will be streamlined.
given limechef and owner of the hotel chain, has assured that having an entity as prestigious as BBVA means that many people can fulfill their dream of starting and opening their own business.
Your growth forecasts
As denoted by this new alliance, Toro Buger remains faithful to its desire to economic and territorial expansion. They closed the year 2022 with a total of 20 stores spread across Madrid, Barcelona, Seville, Valencia, Malaga, Las Palmas de Gran Canaria, Murcia and Salamanca. In addition, the billing was four million euros.
Looking ahead to 2023, they expect double the number of establishments and incorporate new towns into its expansion agenda such as Zaragoza, Asturias, Alicante, Ávila, Burgos, Palencia, Tenerife, Badajoz and Lleida. Its objective is none other than to bring the offer of the Premium Burgers to people with less accessibility and who live far from the big metropolises. Only in this way will they be able to multiply their income index by five and reach a turnover of 20 million euros.
In this sense, a study recently carried out by KPMG and The NPD Group has concluded that eight out of ten Spanish restaurant chains expect to increase their turnover in 2023. Added to this is the fact that 97% of them expects to undertake the opening of new establishments in the national territory during the current year.
The keys to its expansion
Toro Burger has been recognized as the fastest growing franchise in the sector since 2020. Much of the blame for this evolution and prestige lies with his commitment to smash hamburgers with his new brand Bull Smash Burger. The smash burger They have the peculiarity of being a hamburger made on the grill in which the meat is pressed very strongly against the plate so that the result is very juicy on the inside and very crunchy on the outside.
Since its origins, Toro Burger has been committed to innovation and the creation of new gastronomic trends, as well as top-level raw materials in all its restaurants.
This has generated many people who decide to go to their restaurants every day to taste their range of more than 20 different types of hamburgers that can be personalized to suit the customers. Perhaps one of his most famous creations is the ‘Maya’ hamburger, decorated as the ‘Best Cheeseburger in Spain’ and with which the chain donates one euro from each unit sold to humanitarian movements.
Likewise, Toro Burger has opted for a social awareness policy and to take advantage of its media impact in the gastronomic sector to collaborate with social causes. Thus, they are common participation in solidarity events and donations to humanitarian movements such as Cáritas, the Red Cross or the Spanish Association Against Cancer (AECC).
