Wednesday, April 9, 2014

Chanticleer Holdings to buy building for 6th South African Hooters

Charlotte investment company Chanticleer Holdings said it has entered into an agreement to buy a building that will become its sixth Hooters location in South Africa.

The company made the disclosure in a regulatory filing this week.

Chanticleer said its subsidiary, Hooters SA, entered into the agreement to buy the 15,446 building from Leverage Trust. The purchase price is 5 million rand, the currency in South Africa. As of Wednesday, that amounted to about $481,025.

Closing of the purchase is expected to occur in eight to 10 weeks.