Chanticleer Holdings Provides Update for its Little Big Burger and Burgers Grilled Right Brands
15 October 2018 - 11:30PM
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.
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)
- 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
2018 Planned Openings
- LBB Portland - Lake Oswego (Opening Q4)
- LBB Charlotte - Cornelius (Opening Q4)
- LBB Charlotte Rea Farms (Opening Q4)
- LBB Seattle - Green Lake (Opening Q4/Q1)
- LBB Seattle - Capitol Hill (Opening Q4/Q1)
Mike Pruitt, Chanticleer Chief Executive Officer stated, “2018
is a transformational year as we execute our growth plans for our
Little Big Burger and Burgers Grilled Right brands. As of today, we
have 17 LBB stores, up from just 8 when we originally acquired the
brand and 12 at year end 2017. We have 5 more new stores currently
under construction with openings expected over the next few
months.
Pruitt continued, "We are pleased with recent progress, which
included opening BGR Reston VA, repurchasing BGR Columbia, opening
LBB Multnomah Village and opening LBB Wallingford, our first unit
in the Seattle market. We look forward to opening LBB Cornelius,
North Carolina with our partner NASCAR superstar Denny Hamlin who
has an option on an additional 9 potential future stores and
continuing our expansion in Portland and Seattle.
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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