Headquartered in Charlotte, NC, Chanticleer Holdings (NASDAQ: HOTR), together with its subsidiaries, owns and operates restaurant brands in the United States and internationally. The Company is a franchisee owner of Hooters® restaurants in international markets including Australia, South Africa, and Europe, and two Hooters restaurants in the United States. The Company also owns and operates American Burger Co., BGR: The Burger Joint, and owns a majority interest in Just Fresh restaurants in the U.S. SNNLive caught up with Mike Pruitt, President and CEO of Chanticleer Holdings, Inc. at the Growth Capital Expo 2015 in Las Vegas, NV.
“Hooters, the parent company, of which we own a stake in and I sit on the board of, is currently doing incredibly well, and we also are an international franchisee for Hooters, where we’ve now opened 13 locations over the last 3 years, representing 25% of actually the new stores that have been opened for Hooters over those last 3 years, and we also have 2 more under construction. So, we are doing really well with the Hooters brand,” Mr. Pruitt begins, “we initiated construction in Port Elizabeth, South Africa, and then we have in 3 weeks opening Townsville, Australia, so that would bring us up to 15 total locations for Hooters.”
We last spoke with Mr. Pruitt earlier in 2015 (see here: Update with Chanticleer Holdings, Inc. - Discusses Hooters Brand, American Roadside Burgers and Just Fresh® Concepts), and he explains what has happened in the company since our last interview, “Since January, we closed on our rights offering – very successfully raised just under $8 million, of which we used $4 million of that to acquire BGR: The Burger Joint out of Washington D.C., which has 9 company locations, 11 franchise locations, but even more importantly, a pipeline of 80 additional franchise locations under development agreement. We also announced that we signed a definitive agreement to buy 4 burger locations in the Charlotte market called BT’s Burger Joint, and then, as I just mentioned, we’re opening the Hooters in Port Elizabeth, South Africa.”
For more information about Chanticleer Holdings, Inc., go to: www.ChanticleerHoldings.com
Since speaking with Mr. Pruitt, the company has made the following announcements:
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