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Chanticleer Holdings buys majority stake in Just Fresh

Charlotte-based Chanticleer Holdings said Tuesday it has acquired a majority stake in the companies that own the Charlotte-based Just Fresh restaurant chain.

Chanticleer, which this year has been expanding its focus beyond owning and operating Hooters restaurants, said it entered into the $560,000 deal Monday. It gives Chanticleer 51 percent ownership in JF Restaurants and JF Franchising Systems.

Closing of the deal has not been finalized but is expected to take place by Nov. 20. In a regulatory filing, Chanticleer said the Just Fresh purchase price included $434,325 to pay off the sellers’ debts.

According to its website, Just Fresh opened in 1993 and has five locations, all in Charlotte. It says its offers a variety of “fresh, wholesome and nutritionally balanced” food.

Chanticleer CEO Mike Pruitt said in a statement that he expects Just Fresh’s popularity to grow thanks to busy consumers looking for quick and healthy meals.

In an email to the Observer, Pruitt said Chanticleer plans to open more Just Fresh locations in Charlotte and renovate the one on East Boulevard. The company is also planning to open Just Fresh locations in other countries.

The Just Fresh purchase is the latest example of Chanticleer’s expansion beyond owning and operating Hooters outside the U.S. While Chanticleer continues to grow Hooters internationally, that has no longer been its sole focus since its purchase last month of Charlotte-based American Roadside Burgers.

Chanticleer owns and operates Hooters sites in Australia, Hungary and South Africa, and it has plans for Hooters in Brazil. Last month, it said it had entered into a share-purchase agreement to buy the only Hooters restaurant in England.

Chanticleer has a minority stake in Hooters of America.

Roberts: 704-358-5248; Twitter: @DeonERoberts
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