Restaurant Brands International Inc

Restaurant Brands International owns four fast-food chains: Burger King, Tim Hortons, Popeyes, and Firehouse Subs, together operating roughly 33,000 locations across 120 countries. The vast majority of locations are franchised, so the company makes most of its money from royalties, franchise fees, and property rents paid by franchisees. Additional revenue comes from supply chain sales to Tim Hortons franchisees and a small number of company-owned restaurants. Customers are everyday fast-food consumers; the direct paying customers for the business model are franchisee operators.