Minimum of 8 Little Big Burger Restaurants; Franchisee Is Large Investor In Chanticleer
CHARLOTTE, NC–HOTR, (Marketwired – May 08, 2017) – Chanticleer Holdings, Inc. (NASDAQ: HOTR) (“Chanticleer” or the “Company”), owner and operator of multiple restaurant brands internationally and domestically, today announced that it has signed a multi-unit franchise deal with LBBIG LLC, an experienced restaurant owner and operator of more than ten restaurants in the San Diego and Los Angeles markets, to open a minimum of eight Little Big Burger (“LBB”) locations in Southern California by 2021.
The restaurants will be managed by LBBIG’s seasoned management team. The founder of LBBIG is also a large investor in Chanticleer having recently been a lead investor in the company’s debenture private placement.
Mike Pruitt, Chairman and Chief Executive Officer of Chanticleer Holdings, commented, “We are excited to expand Little Big Burger’s presence on the West Coast with a partner who is not only an experienced restaurant owner, but also a large investor in Chanticleer. We look forward to cultivating our partnership as we introduce our iconic brand to local communities in Southern California.”
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.
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