Hollywood Favorite, Fatburger and Buffalo’s Express, Debut First Location in Puerto Rico
FAT Brands Inc. (NASDAQ: FAT) has announced the opening of the first Fatburger and Buffalo's Express in Puerto Rico, marking the start of a planned 10-location expansion on the Caribbean island. The co-branded restaurant, located in Plaza Carolina, offers Fatburger's iconic burgers and Buffalo's Express' award-winning wings.
Jake Berchtold, COO of FAT Brands' Fast Casual Division, expressed confidence in the concept's appeal to Puerto Rico locals. The menu features customizable burgers, various fries options, turkeyburgers, chicken sandwiches, milkshakes, and a range of chicken wing sauces. The new location is open daily from 10:00 a.m. to 9:00 p.m.
FAT Brands, a global franchising company, owns 18 restaurant brands and over 2,300 units worldwide. This expansion aligns with their strategy to grow Fatburger's global presence and offer unique dining experiences.
FAT Brands Inc. (NASDAQ: FAT) ha annunciato l'apertura del primo Fatburger e Buffalo's Express a Porto Rico, segnando l'inizio di un'espansione pianificata di 10 locali nell'isola caraibica. Il ristorante co-branded, situato a Plaza Carolina, offre i famosi hamburger di Fatburger e le premiate ali di Buffalo's Express.
Jake Berchtold, COO della Divisione Fast Casual di FAT Brands, ha espresso fiducia nell'appeal del concetto per i locali di Porto Rico. Il menu presenta hamburger personalizzabili, varie opzioni di patatine, turkeyburgers, panini di pollo, milkshake e una gamma di salse per ali di pollo. La nuova sede è aperta tutti i giorni dalle 10:00 alle 21:00.
FAT Brands, una compagnia di franchising globale, possiede 18 marchi di ristoranti e oltre 2.300 unità in tutto il mondo. Questa espansione si allinea con la loro strategia di crescita della presenza globale di Fatburger e di offrire esperienze culinarie uniche.
FAT Brands Inc. (NASDAQ: FAT) ha anunciado la apertura del primer Fatburger y Buffalo's Express en Puerto Rico, marcando el inicio de una expansión planificada de 10 locales en la isla caribeña. El restaurante co-marcado, ubicado en Plaza Carolina, ofrece las icónicas hamburguesas de Fatburger y las premiadas alas de Buffalo's Express.
Jake Berchtold, COO de la División Fast Casual de FAT Brands, expresó confianza en el atractivo del concepto para los locales de Puerto Rico. El menú presenta hamburguesas personalizables, varias opciones de papas fritas, turkeyburgers, sándwiches de pollo, malteadas y una variedad de salsas para alas de pollo. La nueva ubicación está abierta todos los días de 10:00 a.m. a 9:00 p.m.
FAT Brands, una compañía de franquicias globales, posee 18 marcas de restaurantes y más de 2,300 unidades en todo el mundo. Esta expansión se alinea con su estrategia de aumentar la presencia global de Fatburger y ofrecer experiencias gastronómicas únicas.
FAT Brands Inc. (NASDAQ: FAT)는 푸에르토리코에 첫 번째 Fatburger와 Buffalo's Express를 오픈했다고 발표하며, 카리브 해 섬에서 계획된 10개 지점 확장의 시작을 알렸습니다. Plaza Carolina에 위치한 이 공동 브랜드 레스토랑은 Fatburger의 상징적인 햄버거와 Buffalo's Express의 수상 경력이 있는 윙을 제공합니다.
FAT Brands의 패스트 캐주얼 부문 COO인 Jake Berchtold는 이 개념이 푸에르토리코 현지인들에게 어필할 것이라는 자신감을 표명했습니다. 메뉴에는 맞춤형 햄버거, 다양한 프렌치 프라이 옵션, 터키버거, 치킨 샌드위치, 밀크셰이크 및 다양한 치킨 윙 소스가 포함되어 있습니다. 새 위치는 매일 오전 10시부터 오후 9시까지 운영됩니다.
FAT Brands는 18개의 레스토랑 브랜드와 전 세계에 2,300개 이상의 유닛을 보유한 글로벌 프랜차이즈 회사입니다. 이번 확장은 Fatburger의 글로벌 존재감을 키우고 독특한 식사 경험을 제공하겠다는 전략과 일치합니다.
FAT Brands Inc. (NASDAQ: FAT) a annoncé l'ouverture du premier Fatburger et Buffalo's Express à Porto Rico, marquant le début d'une expansion prévue de 10 établissements sur l'île desCaraïbes. Le restaurant co-marquée, situé à Plaza Carolina, propose les hamburgers emblématiques de Fatburger et les ailes primées de Buffalo's Express.
Jake Berchtold, COO de la Division Fast Casual de FAT Brands, a exprimé sa confiance dans l'attrait du concept pour les habitants de Porto Rico. Le menu propose des hamburgers personnalisables, différentes options de frites, des burgers de dinde, des sandwiches au poulet, des milkshakes et une gamme de sauces pour ailes de poulet. Le nouvel emplacement est ouvert tous les jours de 10h00 à 21h00.
FAT Brands, une société de franchise mondiale, possède 18 marques de restaurants et plus de 2 300 unités dans le monde. Cette expansion s'inscrit dans leur stratégie visant à accroître la présence mondiale de Fatburger et à offrir des expériences culinaires uniques.
FAT Brands Inc. (NASDAQ: FAT) hat die Eröffnung des ersten Fatburger und Buffalo's Express in Puerto Rico bekannt gegeben, was den Beginn einer geplanten Expansion auf 10 Standorte auf der Karibikinsel markiert. Das co-branded Restaurant, das sich in Plaza Carolina befindet, bietet die ikonischen Burger von Fatburger und die preisgekrönten Flügel von Buffalo's Express.
Jake Berchtold, COO der Fast Casual Division von FAT Brands, äußerte Vertrauen in die Anziehungskraft des Konzepts für die Einheimischen in Puerto Rico. Die Speisekarte umfasst anpassbare Burger, verschiedene Pommes-Varianten, Turkeyburger, Hähnchensandwiches, Milchshakes und eine Auswahl an Hähnchenflügelsaucen. Die neue Location hat täglich von 10:00 bis 21:00 Uhr geöffnet.
FAT Brands, ein globales Franchising-Unternehmen, besitzt 18 Restaurantmarken und über 2.300 Einheiten weltweit. Diese Expansion steht im Einklang mit ihrer Strategie, die globale Präsenz von Fatburger auszubauen und einzigartige gastronomische Erlebnisse anzubieten.
- Expansion into new market with 10 planned locations in Puerto Rico
- Strategic partnership with local franchisee Conceptos Restaurants
- Location in Plaza Carolina, Puerto Rico's second largest shopping center
- Diversified menu offering burgers, wings, and other fast-casual options
- None.
Insights
The opening of Fatburger and Buffalo's Express in Puerto Rico marks a significant expansion for FAT Brands, potentially impacting its market presence and revenue streams. This move into a new market demonstrates the company's commitment to international growth, which could positively influence investor sentiment.
Key points to consider:
- This is the first of 10 planned locations in Puerto Rico, indicating a substantial investment in the region.
- The strategic location in Plaza Carolina, a major shopping center, suggests careful market entry planning.
- The co-branded concept (Fatburger + Buffalo's Express) allows for diversified menu offerings, potentially appealing to a broader customer base.
While this expansion is promising, investors should monitor the performance of this initial location and the pace of subsequent openings. The success in Puerto Rico could serve as a template for further Caribbean or Latin American expansion, potentially driving long-term growth for FAT Brands.
The expansion into Puerto Rico represents a strategic move for FAT Brands, but its immediate financial impact may be given the company's current market cap of
- Revenue potential: A successful rollout of 10 locations could provide a modest boost to overall revenue, but it's unlikely to be transformative in the short term.
- Franchise model benefits: As a franchisor, FAT Brands can expand with capital expenditure, potentially improving return on investment.
- Market diversification: Entry into Puerto Rico reduces dependence on existing markets, which could help mitigate regional economic risks.
While positive, this expansion alone is unlikely to significantly alter the company's financial position immediately. Investors should view this as part of a broader growth strategy and monitor the performance and expansion rate in Puerto Rico alongside other markets for a comprehensive assessment of FAT Brands' financial trajectory.
Co-Branded Burger and Wing Concept Open First of 10 Planned Units on Caribbean Island
LOS ANGELES, Oct. 01, 2024 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. announces the opening of the first Fatburger and Buffalo’s Express in Puerto Rico. The restaurant is the first of 10 locations set to open on the Caribbean Island in partnership with local franchisee Conceptos Restaurants LLC. The all-new Fatburger and Buffalo’s Express is located in Plaza Carolina, Puerto Rico’s second largest shopping center known for its exciting dining options, shopping, and cinemas.
“We are pleased to kick-off Fatburger’s growth in Puerto Rico with our first opening of 10 slated over the next several years,” said Jake Berchtold, COO of FAT Brands’ Fast Casual Division. “We continue to seek new growth opportunities that only further position Fatburger as a global leader. Fatburger’s iconic burgers and Buffalos’ award-winning wings provide a unique dining experience which we are confident will resonate with Puerto Rico locals.”
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 lettuce, tomato, onion, mayo, mustard, pickles and relish. Burgers can be customized with toppings including bacon eggs, chili and onion rings. In addition to its famous burgers, the Fatburger menu also includes Fat and Skinny Fries, sweet potato fries, turkeyburgers, hand-breaded crispy chicken sandwiches, and hand-scooped milkshakes made from
A perfect complement to Fatburger, Buffalo’s Express’ menu includes delicious bone-in and boneless chicken wings accompanied by a wide range of sauces. All of Buffalo’s Express’ wings are served with celery, carrots, and blue cheese or ranch dressing.
Fatburger and Buffalo’s Express Plaza Carolina is located at Avenida Jesús M. Fragoso, Carolina, Puerto Rico 00983 (store phone number: 787-418-2020) and is open daily from 10:00 a.m. to 9:00 p.m.
For more information or to find a Fatburger near you, please visit www.fatburger.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, casual and polished casual dining restaurant concepts around the world. The Company currently owns 18 restaurant brands: Round Table Pizza®, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli’s, Twin Peaks, Great American Cookies, Smokey Bones, Hot Dog on a Stick, Buffalo’s Cafe & Express, Hurricane Grill & Wings, Native Grill & Wings, Pretzelmaker, Elevation Burger, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses, and franchises and owns over 2,300 units worldwide. For more information on FAT Brands, please visit http://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 over 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 generally use words such as “expect,” “foresee,” “anticipate,” “believe,” “project,” “should,” “estimate,” “will,” “plans,” “forecast,” and similar expressions, and reflect our expectations concerning the future. Forward-looking statements are subject to significant business, economic and competitive risks, uncertainties and contingencies, many of which are difficult to predict and beyond our control, which could cause our actual results to differ materially from the results 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 risks and uncertainties that could cause our actual results to differ materially from our current expectations and from the forward-looking statements contained in this press release. We undertake no obligation to update any forward-looking statements 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
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