Chanticleer Holdings Wholly Owned Subsidiary Repurchases Annapolis Burgers Grilled Right Location
March 07 2018 - 11:17AM
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 Annapolis 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. This transaction comes on the heels of the
recent reimaging of our Tyson’s Mall and original Bethesda
locations, illustrating our continuing commitment to the BGR
brand.”
Adams continued, “We’d like to personally thank franchisee David
Person and his family 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.”
Chanticleer Holdings portfolio includes 21 domestic BGR
locations and 2 international. 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. For more
information, please visit: https://www.bgrtheburgerjoint.com/
About Chanticleer Holdings, Inc.
Headquartered in Charlotte, NC, Chanticleer
Holdings (Traded on Nasdaq under “BURG”), 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:
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,”
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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
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 Phone
678-570-6791 ir@chanticleerholdings.com
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