Burger King Holdings, the fast food franchise chain, is in talks with Russian restaurants with an eye to expanding into the country. A local fast food franchise market leader in Russia says that the Moscow based Shokoladnitsa coffeehouse franchise, which controls 14,15per cent of the local market, had the best chances of obtaining a Burger King franchise. Burger King Holdings HQ in Florida declined to comment on the companys plans in Russia, saying the business was in for a quiet period. The worlds second largest fast food franchise chain has restaurants in 65 countries, and is 34per cent owned by Texas Pacific Group, and 30per cent by Bain Capital and Goldman Sachs each. According to Entrepreneur business magazine a 20 year franchise from Burger King costs US50,000, with 4.5 per cent royalties. About 9,700 of the worlds 11,000 Burger King eateries operate under franchise. Foreign companies have long been present on the Russian restaurant market, and deals with major local companies have proved to be the most successful option. U.S. based Yum franchise Brands and Russias Rostik Restaurants agreed last June to invest US100 million in a joint fastfood chain Rostiks and KFC, a deal that allowed Rostik to obtain investment and Yum Brands to find a partner with experience on the local market.

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