Chanticleer Holdings Wholly Owned Subsidiary Repurchases Columbia Burgers Grilled Right Location
October 02 2018 - 10:56AM
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 that its wholly owned subsidiary BGR
Operations, LLC. has repurchased the Columbia Maryland Burgers
Grilled Right (“BGR”) location, making it now a corporate owned
store.
Rich Adams, President American Roadside Burgers
Inc. commented, “We’re pleased to announce the acquisition of this
successful BGR location, adding it to our portfolio of stores in
the DC area. The store will now be managed by Robert King who
oversees all our other BGR stores, with the store revenues now
being recognized in our own financial results.”
Adams continued, “We’d like to personally thank the Person and
Canova Families for making this opportunity possible and for all of
their past positive contributions. Together, we are committed to
make this a seamless transition with all current staff remaining in
place.”
Currently the BGR brand now has 23 locations.
Eleven locations are company owned, ten US franchises, and two
international franchise locations. BGR is a culinary-driven concept
that’s simply a better burger experience. Regionally rooted and
nationally acclaimed, BGR uses only the finest products to craft
one-of-a-kind burgers alongside all-star sides and shakes.
Individuals are encouraged to visit the new BGR
website, which now offers a dedicated page for each store location,
providing users with the ability to view menu offerings and prices,
as well as delivery services, local specials, and franchise
opportunities. Visit the BGR website here:
https://www.bgrtheburgerjoint.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:
www.chanticleerholdings.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 and 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.
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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
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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
678-570-6791Ja@chanticleerholdings.com
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