Chanticleer Holdings Provides Update for its Little Big Burger and Burgers Grilled Right Brands
Little Big Burger Remains on Track to Approximately Double in 2018
CHARLOTTE, N.C., Oct. 15, 2018 (GLOBE NEWSWIRE) -- 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 firstname.lastname@example.org 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.
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.
Released October 15, 2018