 In June 2012 , Carrols acquired 278 BK locations from Burger King for approximately $ 150 million . In exchange , Burger King parent , Burger King Corporation took a 28 @.@ 9 percent stake in the company . The transaction involved a line of credit that would be used by Carrols to renovate more than 450 of its stores and a 29 @.@ 7 % ownership stake in the franchise going to Burger King . Additional agreements will give Carrols the right of first refusal on approximately 500 stores . If it chooses to exercise these rights , Carrols could become the dominant franchisee of Burger King in the United States with possible control of hundreds of locations in twenty states . Three months after the acquisition , Carrols saw a 37 @.@ 8 % increase in total sales and 8 @.@ 9 % same store sales with a 4 @.@ 9 % increase in customer traffic . As of the end of Burger King 's 2012 fiscal year , Carrols operates over 575 restaurants in New York , Ohio , and eighteen other states . 
