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Fatburger and Buffalo’s Express to Land in Puerto Rico with 10-Store Development Deal

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FAT Brands has announced a new development deal to open 10 new franchised locations in Puerto Rico, led by Conceptos Restaurants LLC. This expansion comes amid a strong growth year for the brand, with new locations also planned in Alaska, Arkansas, and Florida. The move highlights the rising popularity of quick-service and fast-casual dining in Puerto Rico. FAT Brands operates 17 restaurant concepts globally, owning or franchising over 2,300 units.

Positive
  • New development deal for 10 locations in Puerto Rico enhances market reach.
  • Strong growth year already reported with expansion in multiple states.
  • Growing popularity of quick-service dining indicates favorable market conditions.
Negative
  • None.

Co-Branded Burger and Wings Model Experiences Sizzling Growth in 2022

LOS ANGELES, June 21, 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 open 10 new franchised locations in Puerto Rico. Franchisee Conceptos Restaurants LLC is leading the deal to bring Fatburger and Buffalo’s Express to the island with the restaurants set to open over the next five years.

“2022 has been a strong year of growth for Fatburger and Buffalo’s Express with new development deals in Alaska, Arkansas, Florida, and now, Puerto Rico, and we are only halfway through the year,” said Taylor Wiederhorn, Chief Development Officer of FAT Brands. “Quick-Service and fast casual concepts continue to gain popularity in Puerto Rico, and we are thrilled to be able to make our debut on the island with a partner like Conceptos Restaurants.”

Ever since the first Fatburger opened in Los Angeles 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.

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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 and owns 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 is the latest news about FAT Brands?

FAT Brands announced a deal to open 10 new franchised locations in Puerto Rico.

How many locations does FAT Brands plan to open in Puerto Rico?

FAT Brands plans to open 10 new franchised locations in Puerto Rico.

In which other locations is FAT Brands expanding in 2022?

FAT Brands is also expanding in Alaska, Arkansas, and Florida.

What are the restaurant concepts under FAT Brands?

FAT Brands includes Fatburger, Buffalo’s Express, and 15 other restaurant concepts.

What impact does the Puerto Rico expansion have on FAT Brands?

The expansion into Puerto Rico is expected to increase market share and capitalize on growing demand for quick-service dining.

What does FAT Brands focus on?

FAT Brands focuses on acquiring, marketing, and developing fast casual and quick-service restaurant concepts.

FAT Brands Inc.

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