The restaurant business is notoriously fickle. For every super success story there are probably a thousand failures. New concept restaurants, fast food, and casual dining establishments seldom succeed. The proven way to profitability is to partner with an established brand then leverage the concept and business model. Growth and diversification then determine success.
With experienced and savvy management, this is exactly how Chanticleer Holdings is growing so rapidly. The company is expanding one of the most successful and recognized US restaurant brands in multiple international markets. Chanticleer currently owns and operates in whole or part seven Hooters restaurants in its exclusive international franchise territories of South Africa, Hungary, and parts of Brazil. The company also has joint ventured with the current Hooters franchisee in Australia, and, with a group private equity investors, acquired Hooters of America (HOA), a privately held company. Today, HOA is an operator and the franchisor of over 412 Hooters® restaurants in 28 countries.
Chanticleer’s aggressive growth strategy doesn’t stop there. In September the company announced that they had completed the 100% acquisition of American Roadside Burgers, a five store hamburger chain operating in North Carolina. Chanticleer plans to continue expansion of the American Roadside chain as opportunities occur and this acquisition brings a wholly owned brand under Chanticleer and potentially adds future revenue and profits.
This has been a very busy month for Chanticleer. The company finalized the acquisition and took operating control of the already profitable Hooters in Nottingham, England. Also, Chanticleer just entered into a Subscription Agreement for a controlling interest in the Just Fresh restaurant chain. Just Fresh currently operates five restaurants in North Carolina area that offer fresh-squeezed juices, gourmet coffee, fresh-baked goods and premium-quality, made-to-order sandwiches, salads, and soups. Chanticleer plans to expand the brand as opportunities arise.
With their rapid growth and diversification, Chanticleer Holdings is obviously focused on the path to a super success story.
For more information, visit www.chanticleerholdings.com
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