Chanticleer said it closed on the deal today, but did not disclose the purchase price.
CEO Mike Pruitt noted that the acquisition would add another $1 million to Chanticleer’s EBITDA for the current fiscal year.
It also adds a fourth burger brand to Chanticleer’s portfolio, which now encompasses 40 burger restaurants in total. Already within the fold are 23-unit BGR The Burger Joint, five-store American Burger Co. and four-outlet BT’s Burger Joint.
Chanticleer is also the operator of 15 Hooters restaurants and holds a stake in that concept’s franchisor, and owns the Just Fresh juice chain.
Pruitt called Little Big Burger “an iconic brand that has discovered a unique way to capture the hearts of the next generation of burger-lovers.”
The concept features quarter-pound burgers in a vertical presentation, with the patty served atop a brioche bun and stacked high with local cheese and vegetable garnishes.