Thursday, December 12, 2013

Chanticleer Holdings completes purchase of Just Fresh chain

Charlotte-based investment company Chanticleer Holdings said Thursday it has completed its purchase of the Charlotte-based Just Fresh restaurant chain, in which it will own a larger majority stake than previously announced.

Chanticleer said it will have 56 percent ownership in the companies that own Just Fresh, JF Restaurants and JF Franchising Systems. That's up from 51 percent announced last month.

The purchase price is $560,000, including $434,324 to pay off the sellers' debts.

Just Fresh has five locations, all in Charlotte. According to its website, it offers a variety of “fresh, wholesome and nutritionally balanced” food.

Chanticleer CEO Mike Pruitt said last month that Chanticleer plans to open more Just Fresh locations in Charlotte and renovate the one on East Boulevard. The company is also planning to open Just Fresh locations in other countries.

This year, Chanticleer has been expanding its focus beyond owning and operating Hooters restaurants in other countries. In October, it said it completed its purchase of Charlotte-based American Roadside Burgers. Last week, it said it had signed an agreement to buy a Texas seafood restaurant. Also last week, it become an investor in a nightclub set to open in Las Vegas.