Chanticleer Holdings Announces Acquisition of Just Fresh Restaurants

Chanticleer Holdings Announces Acquisition of Just Fresh Restaurants

Chanticleer Holdings, Inc. (NASDAQ: HOTR), headquartered in Charlotte, North Carolina, announced today that it has acquired a 51% stake in JF Restaurants, LLC and JF Franchising Systems, LLC, owners of the Charlotte-based Just Fresh Restaurant chain. The Just Fresh restaurant chain first opened in 1994 and currently operates 5 company owned locations throughout North Carolina that offer fresh-squeezed juices, gourmet coffee, fresh-baked goods and premium-quality, made-to-order sandwiches, salads and soups.

The founders of Just Fresh modeled their concept around the idea that a fresher, more nutritional diet can have positive effects on physical health and overall wellness. Utilizing its great name, successful fresh food approach and growing market appeal, Just Fresh plans to expand in this fast growing market segment, reaching out to thousands of customers in new markets throughout the U.S. and internationally.

Mike Pruitt, CEO and President of Chanticleer Holdings, commented, “I am pleased to announce the addition of Just Fresh to our restaurant portfolio. As people continue to become more educated about the benefits of healthy eating and nutrition, we believe the popularity of this restaurant chain will continue to grow.┬áThe Just Fresh concept appeals to the growing demands of today’s time-crunched consumers who are looking for quality, freshly prepared meals and meals on-the-go, and we look forward to building upon the success of this concept. Just Fresh’s success to date stems from its ability to satisfy customers looking for a quick, healthy option for breakfast or lunch while at the same time offering an inviting gathering place for friends and families for meals, meetings or conversation.”

“I look forward to working with Shelly Curtin and her great team, as well as the current owners who remain as minority partners moving forward,” Mr. Pruitt added.

Chanticleer Holdings (HOTR) is focused on expanding the Hooters casual dining restaurant brand in international emerging markets and American Roadside Burgers Inc (“ARB”), a Charlotte, N.C. based chain. Chanticleer currently owns in whole or part of the exclusive franchise rights to develop and operate Hooters restaurants in South Africa, Hungary and parts of Brazil, and has joint ventured with the current Hooters franchisee in Australia, while evaluating several additional international opportunities. The Company currently owns and operates in whole or part of six Hooters restaurants in its international franchise territories: Durban, Johannesburg, Cape Town and Emperor’s Palace in South Africa; Campbelltown in Australia; and Budapest in Hungary. ARB, purchased by Chanticleer Holdings on October 1, 2013, has a total of 5 casual restaurants — 1 location in Smithtown, N.Y., 2 locations in Charlotte, N.C., 1 location in Columbia, S.C., and the newest location is in Greenville, S.C.