Charlotte, NC — June 12, 2017 — Chanticleer Holdings, Inc. (Nasdaq: HOTR) (“Chanticleer” or the “Company”), owner, operator and franchisor of multiple restaurant brands in the U.S. and abroad, announced that its franchisee, SanFam LLC, has signed a lease and executed a new franchise agreement to open a BGR, Burgers Grilled Right (“BGR”), in Bloomfield, New Jersey.
The restaurant will be located at The Green at Bloomfield, adjacent to the Bloomfield College campus and just a short walk from the NJ Transit. With a population of approximately 300,000 within a 3-mile radius of the site, the restaurant will be conveniently positioned in the heart of downtown Bloomfield. This will be SanFam LLC’s second BGR franchise location in northern New Jersey.
The Sannitti family, Chanticleer’s franchisee, commented, “We are thrilled to bring the BGR brand to another location in northern New Jersey. Our previous opening in South Orange received a tremendous reception, exceeding our expectations, and we anticipate a warm response from the Bloomfield community.”
Rich Adams, President and Chief Operating Officer of American Burger Company, parent company of BGR, commented, “SanFam LLC has proven to be an excellent operator, as demonstrated by the success of the BGR location in South Orange, and we look forward to watching the BGR brand grow as we expand our presence in the area.”
About Chanticleer Holdings, Inc.
Headquartered in Charlotte, NC, Chanticleer Holdings (HOTR), 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.
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.
Chanticleer Holdings, Inc.
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