Chanticleer Holdings Provides Update for its Little Big Burger and Burgers Grilled Right Brands
May 02 2018 - 9:27AM
Chanticleer Holdings, Inc. (NASDAQ:BURG) (“Chanticleer” or the
“Company”), owner, operator, and franchisor of multiple nationally
recognized restaurant brands with 56 locations in the U.S. and
abroad, today provided a development update on its Little Big
Burger (“LBB”) and Burgers Grilled Right (“BGR”) brands.
Year to date accomplishments
- LBB San Diego #1 opened
- LBB San Diego #2 opened
- LBB Cornelius / Denny Hamlin joint venture
- BGR Catholic opened
- Repurchased BGR Annapolis / launched online ordering
- Reimaged BGR Bethesda
- Reimaged BGR Tysons Mall
Under construction
- LBB Lake Oswego (Portland)
- LBB Multnomah Village (Portland)
- LBB Capitol Hill (Seattle)
- LBB Wallingford (Seattle)
- BGR Bloomfield, NJ
- LBB Austin, TX
Leases signed awaiting construction permits
- LBB Green Lake (Seattle)
- LBB Rea Farms (Charlotte)
- BGR Reston, VA
LOI Lease pending
- 1 LBB Portland
- 2 LBB San Diego
Mike Pruitt, Chanticleer Chief Executive Officer stated, “We
continue to be pleased at the continuing progress of our national
rollout of both our Little Big Burger and Burgers Grilled Right
brands. As of today, we have 14 LBB stores and expect to add an
additional 6-10 new locations throughout the balance of the year.
With our current pipeline, remaining JV locations and new potential
franchise partners we remain confident that for 2018, total store
count will grow more than 20%. We’re equally pleased to announce
that our recently opened Catholic University BGR location has been
a top performer since opening. In addition, selective BGR and
American Burger Company (“ABC”) stores have experienced record
weeks in sales as of late.
Pruitt continued, "Anticipated growth continues to be fueled by
the favorable economics of both the LBB and BGR better burger
brands and multiple mutually beneficial joint ventures that
encompass multi-location agreements, including our newest
partnership announced just last week with NASCAR superstar Denny
Hamlin. We partnered with Denny to open his first Little Big Burger
("LBB") store in Cornelius, N.C. The agreement also includes an
option for an additional nine potential future locations and was
the subject of a recent article in the Charlotte Business Journal.”
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: 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,”
“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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