Fatburger and Buffalo’s Express Heat Up Alaska with 3-Store Development Deal

Rhea-AI Summary

FAT Brands Inc. has announced plans to expand its footprint in Alaska with three new locations of Fatburger and Buffalo's Express, set to open over the next three and a half years. This deal, in collaboration with franchisee Robert Monteith, boosts the total outlets in Alaska to four, following Monteith's successful 2020 introduction of the brands in Fairbanks. The demand for these offerings has been strong, prompting the expansion. FAT Brands currently owns 17 restaurant concepts globally and continues to focus on strategic franchise partnerships.

Positive

• Expansion of three new locations in Alaska, increasing total count to four.
• Strong demand for Fatburger and Buffalo's Express in Alaska, indicating market success.

Negative

• None.

Iconic burger and wing brands add to Alaska footprint following 2020 debut in Fairbanks

LOS ANGELES, March 16, 2022 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Fatburger, Buffalo’s Express, and 15 other restaurant concepts, announces a new development deal to expand its presence in Alaska with three new locations set to open over the next three and a half years. In partnership with Franchisee Robert Monteith, the development deal will increase the total unit count of Fatburger and Buffalo’s Express locations in Alaska to four. In 2020, Monteith introduced the two beloved, all-American brands to the state, opening in Fairbanks.

“A key part of our growth model at FAT Brands is building upon our existing partnerships with franchisees,” said Taylor Wiederhorn, Chief Development Officer of FAT Brands. “Robert has been a great partner in introducing Fatburger and Buffalo’s Express to Alaskans, and the fact that he is set to bring three additional locations two years after debuting in the state, speaks volumes to the success we have had in the market to date.”

“The demand for Fatburger and Buffalo’s Express has been overwhelming since we first opened our doors in Fairbanks,” said Franchisee Robert Monteith. “Nothing in the area compares to our custom-built burgers and wings. This only accelerated my decision to bring more locations to the state in the years to come.”

Ever since the first Fatburger opened in Los Angeles over 70 years ago, the chain has been known for its delicious, grilled-to-perfection and cooked to order burgers. Founder Lovie Yancey believed that a big burger with everything on it is a meal in itself; at Fatburger “everything” is not just the usual roster of toppings. Burgers can be customized with everything from bacon and eggs, to chili and onion rings. In addition to its famous burgers, the Fatburger menu also includes Fat and Skinny Fries, sweet potato fries, scratch-made onion rings, Impossible^™ Burgers, turkeyburgers, hand-breaded crispy chicken sandwiches, and hand-scooped milkshakes made from 100% real ice cream.

From the Buffalo’s Express menu, patrons can choose bone-in or boneless wings accompanied by a range of original sauces. All of Buffalo’s Express’ wings are accompanied by celery, carrots, and blue cheese, ranch or honey mustard dressing.

For more information or to find a Fatburger near you, please visit www.fatburger.com. For more information or to find a Buffalo’s Express near you, please visit www.buffalos.com.

About FAT (Fresh. Authentic. Tasty.) Brands
FAT Brands (NASDAQ: FAT) is a leading global franchising company that strategically acquires, markets, and develops fast casual, quick-service, casual dining, and polished casual dining concepts around the world. The Company currently owns 17 restaurant brands: Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli’s, Twin Peaks, Great American Cookies, Hot Dog on a Stick, Buffalo’s Cafe & Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Native Grill & Wings, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses, and franchises over 2,300 units worldwide. For more information on FAT Brands, please visit www.fatbrands.com.

About Fatburger
An all-American, Hollywood favorite, Fatburger is a fast-casual restaurant serving big, juicy, tasty burgers, crafted specifically to each customer’s liking. With a legacy spanning 70 years, Fatburger’s extraordinary quality and taste inspire fierce loyalty amongst its fan base, which includes a number of A-list celebrities and athletes. Featuring a contemporary design and ambience, Fatburger offers an unparalleled dining experience, demonstrating the same dedication to serving gourmet, homemade, custom-built burgers as it has since 1952 – The Last Great Hamburger Stand^™.

About Buffalo’s Express
Founded in 1985 in Roswell, Georgia, Buffalo’s Express is a fast-casual chain known for its world-famous chicken wings and proprietary wing sauces. Co-branded with over 100 Fatburger restaurants to date, Buffalo’s Express’ significant growth can be attributed to its high-quality menu offerings and unparalleled dining experience. Featuring a contemporary design and ambience, whether guests are dining-in or having take-out/delivery, Buffalo’s Express offers friends and families the flexibility to enjoy their world-famous chicken wings however they prefer. Buffalo’s Express – Where Everyone is Family^™.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the timing and performance of new store openings. Forward-looking statements reflect expectations of FAT Brands Inc. (“we”, “our” or the “Company”) concerning the future and are subject to significant business, economic and competitive risks, uncertainties and contingencies, including but not limited to uncertainties surrounding the severity, duration and effects of the COVID-19 pandemic. These factors are difficult to predict and beyond our control, and could cause our actual results to differ materially from those expressed or implied in such forward-looking statements. We refer you to the documents that we file from time to time with the Securities and Exchange Commission, such as our reports on Form 10-K, Form 10-Q and Form 8-K, for a discussion of these and other factors. We undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date of this press release.

MEDIA CONTACT:
Erin Mandzik, FAT Brands
emandzik@fatbrands.com
860-212-6509

FAQ

What are the details of FAT Brands' expansion in Alaska?

FAT Brands plans to open three new locations of Fatburger and Buffalo's Express in Alaska over the next three and a half years, increasing their presence to four total units.

Who is the franchisee responsible for the new FAT Brands locations in Alaska?

The franchisee responsible for the new locations in Alaska is Robert Monteith, who previously opened the first Fatburger and Buffalo's Express in Fairbanks in 2020.

When will the new FAT Brands locations in Alaska open?

The new locations of Fatburger and Buffalo's Express in Alaska are scheduled to open over the next three and a half years.

What is the stock symbol for FAT Brands?

The stock symbols for FAT Brands are FAT, FATBP, and FATBW.