Chanticleer Holdings, Inc. (NASDAQ:
BURG)
(“Chanticleer” or the “Company”), owner, operator, and franchisor
of multiple nationally recognized restaurant brands today provided
a development update on its Little Big Burger (“LBB”) and Burgers
Grilled Right (“BGR”) brands.
In addition, the Company’s newly named President, industry
veteran Fred Glick provided an operational update since joining the
Company.
2018 Year to date accomplishments
- LBB San Diego - El Cajon (opened Q1)
- LBB San Diego - Mission Valley (opened Q2)
- LBB Cornelius / Denny Hamlin joint venture signed
- LBB Austin (opened Q3)
- LBB Portland - Multnomah Village (Opened Q3)
- LBB Seattle - Wallingford (Opened Q4)
- LBB Charlotte- Cornelius (Opened Q4)
- LBB Charlotte Rea Farms (Opened Q4)
- BGR Washington, DC - Catholic University (opened Q1)
- BGR New Jersey - Bloomfield, (opened Q1)
- BGR Maryland - Annapolis (Repurchased Q1)
- BGR Bethesda - Reimaged
- BGR Tysons Mall - Reimaged
- BGR Virginia - Reston (Opened Q3)
- BGR Maryland - Columbia (Repurchased Q3)
- Celebrated BGR 10-year anniversary
- Marie Noble named Social Media Marketing Coordinator
- LBB named Best Burger in Charlotte by Creative Loafing
- Named industry veteran operator Fred Glick
President
2018 – Planned Openings
- LBB Portland - Lake Oswego (Opening Q4)
- LBB Seattle - Green Lake (Opening Q4/Q1)
- LBB Seattle - Capitol Hill (Opening Q4/Q1)
“In our last communications announcing my hiring, I indicated it
was my intent to hit the ground running and that is exactly what
I’ve done in the first couple weeks since joining the Chanticleer
team,” stated Fred Glick, Chanticleer Holdings President.
“To date, I’ve met with the home office support team and CEO to
review my plan,” Glick continued. “This was immediately followed by
meeting with one of board members, also one of our largest
shareholders and a debt holder, where I visited our two Southern
California Little Big Burgers. Following that I visited all our
Charlotte brand locations which included all five Just Fresh
locations, all three Little Big Burger locations and five Charlotte
American Burger locations.
“I then visited all of our DC and Baltimore Burger Grilled Right
locations along with Rich Adams, President of American Burger
Company and Burgers Grilled Right Director of Operations Robert
King. Our visits encompassed eleven company owned stores where we
met with almost every General Manager and three franchise units.
Importantly, I also spent time speaking with several key
stakeholder/investors/board members about the company and brands,
as well as meeting with approximately 100 management and hourly
team members. Over the next ten days, I will be visiting two of our
Hooters locations, fourteen existing Little Big Burger locations as
well as visiting several new ones, in addition to presenting at the
LD Micro Main Event on the 5th.
“While still early in the process, I’m very pleased with what
I’ve seen and heard. We have amazing, best in class, award winning
food and passionate people that care at every level across all
brands. I believe these are generally the hardest things to get
right. That said, we have unique and memorable brand elements that
I believe are currently underutilized affording us opportunities to
better define each brands positioning, vision and voice so
consumers better understand our price/product value equation. We
have opportunities to better align to a shared mission, purpose and
strengthen the existing culture once articulated.
“We have opportunities to improve our key processes and execute
strategic vision and growth strategies based on financial data and
facts including: site selection modeling, focused brand positioning
across all touchpoints, focused marketing using big data, guest
passion focus for all team members, employee engagement, technology
accelerators that speed up service and ease ordering confusion, a
more focused delivery and to go strategy, accountability systems
across every channel, and implementing best practice sharing across
our brands.
“I’m pleased to say that my first two weeks have affirmed the
reasons for which I joined the Company to begin with. While excited
about the potential, we clearly have work ahead of us. That said,
it’s work I have already successfully helped others to accomplish
in the past and I’m looking forward to helping to do the same with
Chanticleer now. Most importantly, we already have a solid
foundation to build atop with several Little Big Burgers currently
under construction and more potential future locations pending.
Going forward, I expect our efforts will create measurable value,
critical towards our collective goal of making our small company
into a larger and more formidable player in the space. I look
forward to keeping you apprised of our continuing progress in the
future.”
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. 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 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.
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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