IRVINE, Calif.--(BUSINESS WIRE)--American Restaurant Holdings, Inc. (OTC: ARHI) (the “Company”) is pleased to announce its previous acquisitions of Fresca’s Mexican Grill and JoJo’s Pizza Kitchen. The acquisitions were completed via ARHI’s wholly owned subsidiaries, Fresca’s Acquisition, Inc. and JoJo’s Acquisition, Inc., respectively.
Several transaction highlights include:
Fresca’s Mexican Grill
- Founded in 1991 by Tom Ryder
- 8 store locations five of which are in Orange County
- Established brand with a strong and loyal following
JoJo’s Pizza Kitchen
- Great authentic food with a history dating back over 20 years
- 3 locations in Orange County and the Inland Empire
“We are excited about the addition of these exciting brands to our growing fast casual portfolio. We look forward to opening follow-on corporate stores while also franchising the Fresca’s brand at some point in the future. It is our feeling that both of these brands complement our previously announced acquisition of Muscle Maker Grill and we plan to add healthy menu alternatives at each of our store locations”, stated Tim M. Betts, the Chief Executive Officer of American Restaurant Holdings, Inc.
Monarch Bay Securities, LLC represented the seller of Fresca’s Mexican Grill in its sale to American Restaurant Holdings, Inc.
About American Restaurant Holdings, Inc.
Headquartered in Irvine, California, American Restaurant Holdings, Inc. (ARHI) acquires fast casual restaurant brands. With over 180 employees its growing portfolio includes Muscle Maker Grill, Fresca’s Mexican Grill, JoJos’ Pizza Kitchen, Canyon Fireside Grille, and Fronteras. Its concepts can be found throughout 12 states with approximately 70 locations system-wide.
Additional information may be found on the Company’s website at: www.americanrestaurantholdings.com.
Safe Harbor Statement
Except for historical information contained herein, the statements in this news release are forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company’s actual results, performance and achievement in the future to differ materially from forecasted results, performance and achievement. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company’s plans or expectation.