The Company has agreements in place with both its franchisors for the development of newly built restaurants. The Company plans to invest approximately
“New restaurant development is an important component of our business model and has followed our Wendy’s acquisitions across 16 states. The Company remains a leader of new restaurant development within the Wendy’s system and is currently on pace for a record number of new Wendy’s openings in 2022. New restaurants have historically provided us with a strong return on investment, as guests reward us for new designs and updated customer enhancements,” stated
The Company continues to leverage its strategic operating platform, unique in-house restaurant development expertise and investments in digital technology to build the best-of-class QSR brands focused on quality, convenience, and affordability.
About the Company
The Company’s current and publicly available information pursuant to amended SEC Rule 15c2-11 and FINRA Rule 6432 can be found at www.otcmarkets.com, under the stock symbol MHGU/Disclosures or the Company’s website, www.meritagehospitality.com.
SAFE HARBOR STATEMENT
Certain information in this new release, particularly information regarding future economic performance and finances, and plans, expectations and objectives of management, constitutes forward-looking statements. Factors set forth in our Safe Harbor Statement, in addition to other possible factors not listed, could affect the Company’s actual results and cause such results to differ materially from those expressed in forward-looking statements. Please review the Company’s Safe Harbor Statement at http://www.meritagehospitality.com.
CONTACT:
(616) 988-8741
Source:
2022 GlobeNewswire, Inc., source