Chanticleer Holdings Announces Grand Opening of Second Southern California Little Big Burger
April 10 2018 - 10:02AM
Chanticleer Holdings, Inc. (NASDAQ:BURG) (“Chanticleer” or the
“Company”), owner, operator, and franchisor of multiple nationally
recognized restaurant brands in the U.S. and abroad, today
announced the grand opening of its Little Big Burger (“LBB”),
expected to open Thursday and located in Mission Valley,
California. This represents the second site in the San Diego
market. Several additional sites are currently in final lease
review.
The franchisee LBBIG LLC, is owned and managed by Larry
Spitcaufsky, an experienced restaurant operator of more than ten
restaurants in the San Diego and Los Angeles markets. Spitcaufsky
also serves on the board of directors of Chanticleer and is
currently a 6% beneficial owner of Chanticleer’s common stock.
Larry Spitcaufsky stated, “It’s exciting to see our collective
efforts continue to yield tangible results with the opening of our
second Southern California based Little Big Burger. We have a great
brand, team and opportunity. My continuing commitment and belief in
the value proposition of both Chanticleer Holdings and our Little
Big Burger brand remains no better evidenced than by not only my
sizeable personal investment in Chanticleer, but also my
multi-location commitment involving the ultimate opening of an
additional six locations.”
Mike Pruitt, Chairman and Chief Executive Officer of Chanticleer
Holdings, commented, “We are excited to announce the grand opening
of our second Little Big Burger on the West Coast with a partner
like Larry who is not only an experienced restaurant owner, but who
is also both a board member, as well as large investor in
Chanticleer. We continue to look forward to further
cultivating our partnership, focusing on building shareholder
value, and gaining important scale through introducing our iconic
brand to future additional local communities in Southern
California.”
The value proposition of the Little Big Burger brand is unique
and highly scalable. It is a fast-casual restaurant concept
offering fresh, high quality cooked-to-order burgers operating out
of a small leasehold footprint and leveraging a walk up counter set
up which allows the Company to maximize operational efficiencies,
while reducing operating expenses and typically yielding industry
profit margins in the top 1% of all restaurants.
A video about Little Big Burger may be viewed at the following
link:
http://www.chanticleerholdings.com/brands/littlebigburger/
For updated information, please follow Little Big Burger SoCal
on Facebook at: https://www.facebook.com/Littlebigburgersocal/ and
on Instagram @littlebigburgersocal
About Little Big Burger
Little Big Burger (“LBB”) is a wholly-owned subsidiary of
Chanticleer Holdings, Inc. Founded in Portland, OR in 2010, LBB is
a counter service, fast-casual restaurant concept offering fresh,
high quality cooked-to-order burgers, truffle fries and root beer
floats. LBB has developed a cult-like following in the Pacific
Northwest by offering a simple menu focused on delicious quality,
served in a hip atmosphere. LBB now has 12 locations - 11 in the
State of Oregon and one in Charlotte, NC. The Company expects new
locations to open soon in Portland, San Diego, Seattle and Austin.
Parties interested in franchise opportunities should send an email
to mp@chanticleerholdings.com.
About Chanticleer Holdings, Inc.
Headquartered in Charlotte, NC, Chanticleer
Holdings owns, operates, and franchises fast, casual, and
full-service restaurant brands, including American Burger Company,
BGR – Burgers Grilled Right, Little Big Burger, Just Fresh, and
Hooters. For more information, please visit:
http://www.chanticleerholdings.com
Forward-Looking Statements:
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release are “forward-looking statements” as that term is defined
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expectations, involve known and unknown risks, a reliance on third
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performance or achievements, or developments in our industry, to
differ materially from the anticipated results, performance or
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related to the fluctuation of global economic conditions, the
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financing or required licenses, competition, general economic
conditions and other factors that are detailed in our periodic
reports and on documents we file from time to time with the
Securities and Exchange Commission. The forward-looking statements
contained in this press release speak only as of the date the
statements were made, and the companies do not undertake any
obligation to update forward-looking statements. We intend that all
forward-looking statements be subject to the safe-harbor provisions
of the PSLRA.
Contact Information:
Investor Relations Jason AssadPhone
678-570-6791ir@chanticleerholdings.com
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