Round Table Pizza and Fatburger Combine for 80-Store Texas Development Deal

Rhea-AI Summary

FAT Brands Inc. announces a strategic partnership with Brame Holdings LLC to open 80 new franchised locations in Texas over the next decade. The expansion includes 40 Round Table Pizza and 40 co-branded Fatburger and Buffalo’s Express locations, starting in 2023. This initiative aims to meet the rising demand for quality pizza, burgers, and wings in the region. The company emphasizes Texas as a key growth market, with existing success noted in the Dallas area.

Positive

• New partnership with Brame Holdings LLC to open 80 new locations in Texas.
• Expansion includes 40 Round Table Pizza and 40 co-branded Fatburger and Buffalo's Express locations.
• Texas identified as a priority growth market to fulfill demand for quality dining.

Negative

• None.

Iconic Pizza and Burger Chains Accelerate Growth in Texas

LOS ANGELES, Nov. 03, 2022 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Round Table Pizza, Fatburger, Buffalo’s Express and 14 other restaurant concepts, announces a new development deal to open 80 new franchised locations in the state of Texas. In partnership with Brame Holdings LLC, 40 Round Table Pizza restaurants and 40 co-branded Fatburger and Buffalo’s Express locations will open over the next 10 years with the first units slated to open in 2023.

“Texas is a priority growth market for Round Table Pizza and Fatburger and Buffalo’s Express as the concepts fulfill a growing need for high-quality, authentic pizza, burgers, and wings in the state,” said Taylor Wiederhorn, Chief Development Officer of FAT Brands. “We’ve seen this in the Dallas market for both Fatburger and Round Table Pizza and are pleased to have a committed partner like Brame Holdings LLC to spearhead significant expansion in new markets throughout Texas for the brands.”

Since its founding in 1959, Round Table Pizza has been recognized as "Pizza Royalty^™” for its homemade dough, signature three-cheese blend and gold-standard ingredients topped to the edge. Customers can enjoy the chain’s signature handmade pizzas, salads, baked to perfection Garlic Parmesan Twists, classic and boneless wings and more.

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 on Round Table Pizza, visit www.roundtablepizza.com. For more information on Fatburger, visit www.fatburger.com. For more information on Buffalo’s Express, 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 Round Table Pizza
Inspired by the honor, valor, and revelry of the Knights of the Round Table, Round Table Pizza's^® superior pizza and commitment to quality and authenticity have earned the reputation of "Pizza Royalty^™" for over 60 years. With more than 410 restaurants across the United States, Round Table celebrates community, family, and making merry. For more information, visit www.roundtablepizza.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 new restaurant locations is FAT Brands opening in Texas?

FAT Brands is opening 80 new franchised locations, including 40 Round Table Pizza restaurants and 40 co-branded Fatburger and Buffalo’s Express locations.

When will the new FAT Brands locations in Texas open?

The first units are slated to open in 2023, with the full expansion occurring over the next 10 years.

What does FAT Brands focus on in Texas?

FAT Brands is targeting Texas as a priority growth market to meet the demand for high-quality pizza, burgers, and wings.

What is the stock symbol for FAT Brands?

FAT Brands trades under the stock symbol FAT, with other symbols including FATBP and FATBW.