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 the opening of its newest LBB franchise
location in Austin Texas.
This location marks the first of a minimum of three stores to be
opened in Texas as part of a previously announced multi-unit
franchise deal with Big Star BG, LLC, an Austin-based restaurant
group. Big Star BG, LLC will manage all aspects of the
operation.
“Little Big Burger's funky music, decor and menu are all a
natural fit for East Austin,” noted Wesley Jones, the president of
Austin restaurant group Big Star BG, which is overseeing the local
expansion. “We selected East 6th Street as our first location as we
feel it's one of the more iconic streets in town and has all of the
elements of what makes East Austin so great.” The location will
feature “heavy East Austin influence” per Jones, with local
furniture makers and an artist helping with the space.
Michael Pruitt, Chanticleer Holdings Chief Executive Officer
commented, "We are excited to further expand Little Big Burger's
national footprint just as promised, now establishing a presence in
Texas. We look forward to cultivating our partnership as we
introduce our iconic brand to local communities in Austin."
Pruitt continued, “Today’s announcement represents more tangible
progress towards our stated 2018 and beyond goal of achieving
profitable growth while expanding franchising, driving cash flow,
monetizing non-core business and strengthening our balance sheet.
We look forward to announcing additional LBB openings soon.”
Chanticleer Holdings current total restaurant count consists of
58 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.
Please follow Little Big Burger Austin Texas at
https://www.facebook.com/littlebigburgeratx/ for details.
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.
A video about Little Big Burger may be viewed at the following
link:
http://www.chanticleerholdings.com/brands/littlebigburger/
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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