CBOE Holdings Inc.

04/15/2019 | Press release | Distributed by Public on 04/15/2019 06:45

Chanticleer Holdings Executes Letter of Intent to Acquire Five Locations with Complementary Concept in Better Burger Space



Chanticleer Holdings Executes Letter of Intent to Acquire Five Locations with Complementary Concept in Better Burger Space

Benzinga Newsdesk      4/15/2019 7:09:08 AM

Chanticleer Holdings, Inc. (NASDAQ:BURG) ('Chanticleer' or the 'Company'), owner, operator, and franchisor of multiple nationally recognized restaurant brands, today announced that it has entered into a non-binding letter of intent for the acquisition of a highly complementary better burger brand with industry leading metrics.  The target company has reported revenues of $10 million per year and historically demonstrated store level EBITDA of approximately 20%.