Odd Burger Signs Agreement for 40 New Vegan Fast-Food Restaurants in Ontario5 min read
TORONTO, June 9, 2022 /PRNewswire/ – Odd Burger Corporation (TSXV: ODD) (OTCQB: ODDAF) (FSE: IA9), just one of the world’s initial vegan speedy-food items chains and the initial to go public, declared nowadays that it has signed an settlement with a occasion to open up 40 new places in Ontario.
Odd Burger and Starke Investments, a business specializing in actual estate and franchise development, have signed an region agent settlement that will bring forty Odd Burger places to the province around the subsequent 8 several years. Starke Investments will oversee franchise income to specific house owners, retailer design, and offer assist for franchises in its territory.
“Starke Investments is constantly searching for opportunities to posture itself as a leader in sustainability and innovation and Odd Burger is without having a doubt disrupting an business where change is so desperately desired,” mentioned Prashant Dalal, Founder and CEO of Starke Investments. “We see large probable with Odd Burger mainly because they make plant-based mostly meals that appeals to the mass current market by providing a menu made with easy elements, incredible flavour, and at a aggressive value point – this is not some thing that we have seen with any other plant-dependent restaurant manufacturer.”
“Partnering with Starke Investments will enable Odd Burger to proceed its swift enlargement throughout North The united states, when nevertheless offering an remarkable degree of assistance to our nearby franchisees in Ontario,” stated James McInnes, Odd Burger Co-Founder and CEO. “Starke Investments also brings superb marketplace knowledge to Odd Burger, as effectively as a precious network of landlord interactions and possible franchisees.”
Space representative agreements are a strategic approach for growth as the agreements outline a annually enhancement quota which offers Odd Burger with a very clear progress trajectory in every territory. In March 2022, Odd Burger signed an region representative settlement with Sai-Ganesh Enterprises to provide 36 spots to Alberta and British Columbia in excess of the following 7 several years. In total, Odd Burger now has 92 spots operational or less than area improvement agreements in Canada, generating it one particular of the speediest growing vegan quickly-food stuff chains in the place.
Odd Burger presently has operational areas in Toronto, London, Windsor, Vaughan, Waterloo, Hamilton and Whitby, with quite a few more franchise locations beneath improvement such as Calgary, Ottawa, Victoria and Vancouver. Now, Odd Burger is searching for space representatives in the U.S. market place as it prepares to launch its initial established of destinations outdoors of Canada.
Odd Burger also operates a manufacturing division termed Preposterous Meals, situated in London, Ontario, where by it makes its proprietary plant-based proteins and dairy solutions this sort of as burgers, ChickUn fillets, sausage, and dairy-totally free sauces.
Not too long ago Odd Burger introduced financial loans of up to 90 % of the price of opening a new location through the Canada Tiny Small business Financing Plan (CSBFP), administered by CIBC, to significantly lower up-front funds demands. Loans of up to $350,000 by means of the government-certain method can be utilized for new retail outlet funding, renovations, and additional. Only Canadian franchisees are eligible for CIBC funding.
People interested in Odd Burger franchising possibilities can check out https://oddburger.com/web pages/franchise-what-we-offer you.
About Starke Investments
Starke Investments is a Toronto-centered investment decision firm focussed on franchise and real estate advancement. Its ideas deliver a long time of encounter in brokerage, construction, franchising and business enterprise improvement. Starke Investments has expertise working as each a franchisor and franchisee, largely in the clinical field and quick services foods area. Starke Investments is led by Prashant Dalal, an optician and skilled real estate trader who has a passion for vegetarian meals. The most important concentration of Starke Investments is investing in progressive and sustainable organizations that make a favourable impact on the world.
About Odd Burger Company
Odd Burger Company is a chain of enterprise-owned and franchised vegan quickly-meals eating places as nicely as a foodstuff technological know-how organization that manufactures and distributes a line of plant-centered protein and dairy alternate options underneath the manufacturer Preposterous Food items to foodservice channels. Odd Burger dining establishments work as sensible kitchens, which use condition-of-the art cooking technologies and automation solutions to deliver a delicious foods expertise to clients craving healthier and far more sustainable quick food stuff. With small keep footprints optimized for shipping and takeout, superior cooking engineering, competitive pricing, a vertically integrated source chain along with much healthier substances, Odd Burger is revolutionizing the quickly-food sector by building guilt-free of charge speedy meals. Odd Burger Corporation is traded on the TSX Undertaking Trade beneath the image ODD, on the OTCQB below ODDAF, and the Frankfurt Inventory Trade underneath IA9. For much more info stop by https://www.oddburger.com.
Caution Regarding Ahead-Searching Data
This press release is made up of forward-on the lookout statements that require a amount of hazards and uncertainties, like statements that relate to between other matters, the Company’s strategies, intentions, plans, beliefs, expectations and estimates, and can generally be determined by the use of terms this sort of as “may possibly”, “will”, “could”, “should really”, “would”, “most likely”, “expect”, “intend”, “estimate”, “anticipate”, “consider”, “prepare”, “objective” and “carry on” and phrases and expressions of related import. Forward looking information contained or referred to in this information launch involves statements relating but not restricted to: the effects of the development agreements in the areas talked about the envisioned foreseeable future enlargement of Odd Burger locations and the rewards the Organization expects to derive therefrom as properly as the range of retail retailers to be opened and the Canada Little Enterprise Financing Method discussed herein. Although the Organization believes that the anticipations reflected in such ahead-seeking statements are sensible, this kind of statements contain pitfalls and uncertainties, and undue reliance need to not be placed on this kind of statements. Sure materials things or assumptions are used in creating forward-hunting statements, and precise outcomes could vary materially from these expressed or implied in these statements. Significant things that could lead to precise effects to differ materially from anticipations consist of but are not minimal to: general enterprise and financial ailments (which include but not restricted to currency fees) alterations in legal guidelines and rules legal and regulatory proceedings and the potential to execute strategic plans. The Firm does not undertake any obligation to update publicly or to revise any of the forward-wanting statements contained in this doc, whether as a final result of new info, long run activities or usually, other than as necessary by regulation.
Neither the TSX Undertaking Exchange nor its Regulation Services Service provider (as that phrase is outlined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this press release.
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Source Odd Burger Corporation