Chanticleer Holdings, Inc. Open New BGR, a Burger Joint Location in Springfield, VA
Mar 23 15
Chanticleer Holdings, Inc. announced that it will bring BGR: The Burger Joint to the Springfield Town Center in Springfield, VA. The Springfield Town Center went through a two-year renovation, reopening in October 2014 bigger and better. The mall is located at the famed "Mixing Bowl" interchange of Interstate 95, Interstate 395, and Interstate 495.
Chanticleer Holdings Mulls Acquisitions
Mar 20 15
Chanticleer Holdings, Inc. (NasdaqCM:HOTR) may look at acquisition opportunities. It has received gross proceeds of $7.799484 million in subscriptions for shares of common stock from its previously announced rights offering. Richard H. Kreger, Senior Managing Director of Investment Banking at Source Capital Group said "This deal provides Chanticleer with the strong capital base to continue to expand the business, both organically and through acquisition, and to drive long-term shareholder value."
Chanticleer Holdings Appoints Brian O'Connell as Vice President of European Business Development
Mar 2 15
Chanticleer Holdings, Inc. announced the appointment of Brian O'Connell as Vice President of European Business Development. As part of Chanticleer Holdings' leadership team, O'Connell will be responsible for pursuing opportunities to expand the Company's Hooters footprint organically and through franchise development of its better-burger concept throughout Europe, Middle East and Africa. O'Connell has over 12 years of experience in the financial services and technology sectors. Prior to joining Chanticleer Holdings, he worked with J.P. Morgan on their Pan European sales desk in London and prior to that he worked at a number of investment firms in London including Prosdocimi and Valiance Advisors where he was responsible for overseeing a $100 million portfolio of direct co-investments in natural resource, technology and life science companies.
Chanticleer Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Plans to Open its Seventh Just Fresh Location in Ballantyne Corporate Place in Charlotte, NC
Nov 14 14
Chanticleer Holdings, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the third quarter, the company reported total revenue of $9,626,742 against $1,606,245 a year ago. Loss from operations was $588,349 against $976,182 a year ago. Loss from operations before income taxes was $509,957 against $1,448,808 a year ago. Net loss attributable to the company was $551,440 or $0.08 per basic and diluted share against $1,423,472 or $0.38 per basic and diluted share a year ago. The company's adjusted EBITDA improved to $509,805 in the third quarter of 2014 from adjusted LBITDA of $455,601 in the comparable period in 2013. Restaurant EBITDA, a non-GAAP measure, for the third quarter of 2014 was $949,561, compared to $83,276 in the comparable period in 2013, and increased 114.9% sequentially from $442,000 in the second quarter of 2014.
For the nine months, the company reported total revenue of $22,173,997 against $4,939,410 a year ago. Loss from operations was $3,672,035 against $2,438,807 a year ago. Loss from operations before income taxes was $3,508,368 against $2,925,147 a year ago. Net loss attributable to the company was $3,412,815 or $0.54 per basic and diluted share against $2,868,249 or $0.77 per basic and diluted share a year ago. Net cash provided by operating activities was $1,118,538 against net cash used in operating activities of $1,681,737 a year ago. Purchase of property and equipment was $3,569,775 against $86,919 a year ago. The company adjusted LBITDA improved to $1,091,401 in 2014 from adjusted LBITDA of $1,693,193 in the comparable period in 2013. Restaurant EBITDA for 2014 was $1,741,212, compared to $194,625 in the comparable period in 2013.
The company is also expecting to open its 7th Just Fresh location in Ballantyne Corporate Place in Charlotte, NC on or about November 19, 2014. Just Fresh's brand and concept is well received in the Charlotte area and management will continue to look to expand its footprint in 2015.