Chanticleer Holdings, Inc. (NASDAQ:BURG) (“Chanticleer” or the
“Company”), owner, operator, and franchisor of multiple nationally
recognized better burger restaurant brands, including Little Big
Burger (“LBB”), Burgers Grilled Right (“BGR”) and American Burger
Company, today announced its plans in celebration of National
Hamburger month.
On May 9, Little Big Burger celebrated Nurses week by offering
all Nurses who dedicate their lives to the health and well-being of
others, a free burger. On May 17, the Company’s recently opened
second Southern California Little Big Burger Mission Valley
location welcomed patrons to join them for free burger day,
resulting in 500 complimentary burgers being provided before 6:00
pm. Smiles were put on faces from both near and far as customers
got to experience firsthand the quality of LBB’s quarter pound
patty burgers, truffle fries and its own trademarked Camden’s
Catsup and Fry sauce.
Currently the Company has 14 LBB stores and expects to add an
additional six to ten new locations throughout the balance of the
year. Eight stores are currently under construction and anticipated
to begin contributing to revenue in the third and fourth
quarter.
Most recently the Company announced a partnership with NASCAR
superstar, driver of the Toyota Fed Ex #11 Denny Hamlin, for his
first LBB in Cornelius N.C., with the option to open nine
additional locations.
The Company’s BGR brand is pleased to announce that May marks
the brands ten-year anniversary as it was founded in Bethesda, MD
in 2008. As part of the milestone, the Company will be running
select local promotions in appreciation of strong community support
and a very loyal consumer base. BGR previously has won numerous
awards including being voted "Best Burger in Washington, DC" by the
editorial staff at MSN.com's Business Insider.
Currently the BGR brand has 22 locations. Ten locations are
company owned, ten US franchises, and two international franchise
locations. The Company’s recently opened Catholic University
continues to exceed expectations, and there are currently two
locations under construction with two recently reimaged.
The Company’s American Burger Company currently has seven
locations. A well established a 15-year-old chain known for its
diverse menu featuring fresh salads; customized burgers made from
fresh beef, turkey or veggies; milk shakes; and a large selection
of various sandwiches, beers and wine, its in-restaurant dining is
fast and convenient and the existing restaurant locations are
strategically located in high traffic areas. Each restaurant
features a nostalgic "made in America" theme. The first American
Burger Co location opened in 2006 in Smithtown, N.Y. Currently
there are seven locations.
ABC recently gave back to the local community supporting the
Carolina Panther’s Greg Olson & Thomas Davis foundations by
sponsoring their Golf Tournaments. On May 23, Chanticleer’s own CEO
Michael Pruitt, along with the rest of the ABC leadership team,
will roll up their sleeves cooking 200 meals for the Men’s Shelter
of Charlotte as part of its Renovation Meal Brigade.
Current total Company restaurant count consists of 56 locations
both in the US and abroad. The Company expects overall store count
to grow at least 20% in 2018 primarily led by franchising and joint
ventures of the LBB and BGR brands.
Mike Pruitt, Chanticleer Chief Executive Officer stated, “We
continue to be pleased at the continuing progress of all of our
better burger category brands, as well as celebrating certain
operational milestones in the month of May, National Hamburger
month. Considering the success of our brands is often tied to the
invaluable support of the local communities we operate in, we feel
it equally important to pay it forward, giving back to those who
have supported us. It’s for that reason all of our brands,
including our dedicated employees working for them, are excited to
be participating in the aforementioned events.”
Pruitt continued, “We continue to gain scale promoting growth by
leveraging both the attractive economics of our brands as well as a
mutually beneficial franchising and JV model. In addition, two of
this year’s stores are 100% corporate owned. We believe that our
model itself is complemented by a focus on the continual building
of local goodwill for our brands. With recent heightened interest
in others in the space with similar growth trajectories, we believe
we are positioned well for the future.”
A video about Little Big Burger may be viewed at the following
link:
http://www.chanticleerholdings.com/brands/littlebigburger/
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: www.chanticleerholdings.com.
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 14 locations - 11 in the
State of Oregon, one in Charlotte, NC, and two in Southern Ca. The
Company expects new locations to open soon in Portland, San Diego,
Seattle, Austin and NC. Parties interested in franchise
opportunities should send an email to mp@chanticleerholdings.com or
visit www.littlebigburger.com.
About Burgers Grilled Right
BGR is helping lead the better burger market with a menu
designed around our commitment to using only the highest quality
ingredients. BGR's menu is designed around an exclusive blend of
Prime, Dry-aged burgers, grilled over an open flame. BGR operates
stores domestically and internationally, with franchise
opportunities in both markets. For more information, visit
www.bgrtheburgerjoint.com.
About American Burger Company
American Roadside Burgers is a tribute to the American roadside
burger stands of the past. Using quality ingredients and variety
throughout the menu, American Roadside features premium hand
pattied ground beef, plus chicken sandwiches, wings and
salads, along with side items like french fries, onion rings, mac
& cheese, and house-made slaw. For more information, visit
www.americanburgerco.com.
Forward-Looking Statements:
Any statements that are not historical facts contained in this
release are “forward-looking statements” as that term is defined
under the Private Securities Litigation Reform Act of 1995 (PSLRA),
which statements may be identified by words such as “expects,”
“plans,” “projects,” “will,” “may,” “anticipates,” “believes,”
“should,” “intends,” “estimates,” and other words of similar
meaning. Such forward-looking statements are based on current
expectations, involve known and unknown risks, a reliance on third
parties for information, transactions or orders that may be
cancelled, and other factors that may cause our actual results,
performance or achievements, or developments in our industry, to
differ materially from the anticipated results, performance or
achievements expressed or implied by such forward-looking
statements. Factors that could cause actual results to differ
materially from anticipated results include risks and uncertainties
related to the fluctuation of global economic conditions, the
performance of management and our employees, our ability to obtain
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 Assad 678-570-6791
Ja@chanticleerholdings.com
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