Odd Burger has announced the launch of its franchise business in the United States, as well as the signing of a new licensing agreement in Nanaimo, British Columbia, and an update on the chain’s locations in Canada.
Odd Burger Corporation, which was both the first vegan fast-food company on the globe as well as the first to become public, made the announcement presently that it has begun its licensing activities in the United States.
Franchises in US states
Odd Burger has established a company in the state of Delaware that will act as the controller of its U.S. franchise segment and will also run the Odd Burger franchises (“Odd Burger U.S.”). Odd Burger U.S. has finalized the preparatory work of its preliminary Franchise Disclosure Document as well as Franchise Agreement for usages throughout the US. The company plans to start presenting and selling modern franchises in a total of twenty-five states across the United States, which would include:
- New Jersey
- New Hampshire
- New Mexico
- District of Columbia
Other US states:
Furthermore, Odd Burger U.S. plans to initiate the procedure of submitting its franchise proposal with a number of other U.S. states. These states include:
- South Dakota
Submissions must be finalized previous to whatever deals or sales in these states. Even by conclusion of November in 2022, it is anticipated that the procedure would have been finished.
“We couldn’t be more happy to commence our U.S. growth and expand our identity to millions of consumers in the U.S. marketplace,” explains James McInnes, Co-Founder as well as chief Executive of Odd Burger. “We couldn’t be more eager to expand our identity to hundreds of millions of customers in the U.S. economy.” “We have already gotten dozens of enquiries from prospective entrepreneurs in the United States, and now we’re going to begin the process of identifying the appropriate franchise associates to work with,” said the franchisor.
In addition to looking for individuals who are interested in becoming franchise collaborators, Odd Burger U.S. is in the process of creating Area Representative as well as Area Development Programs, and the company will soon be looking for area delegates and area designers for the United States market in order to further expedite its expansion. In the country of Canada, Odd Burger has inked Area Representative Agreements for the provinces of British Columbia, Alberta, and Ontario, which will result in the opening of more than 76 new sites in these three provinces over the course of the next eight years.
Franchise located in Nanaimo, British Columbia
A Franchise Agreement has been signed by Odd Burger with franchisees Drihant Isamaliya and Kamalpreet Kamalpreet for a site in Nanaimo, British Columbia. Odd Burger is very thrilled to celebrate this development. After the franchise owners have found a suitable site and finished building the establishment, it is anticipated that it will open in the year 2023. The Franchise Agreement for the Nanaimo site is the eleventh to be inked in all of Canada. In addition, Odd Burger now runs six of its corporate sites in the province of Ontario.
Recent Developments in Canadian Locations
Additionally, the Company is delighted to share a breakdown of the progress made at revealed earlier Canadian sites.
Brampton, ON — Construction complete, pending final inspections — Nov. 2022
Calgary, AB — Under construction — Dec. 2022
Edmonton, AB — Offer to lease submitted for location, awaiting landlord acceptance — TBD
Oakville, ON — Location secured, drafting permits — March 2023
Ottawa, ON — Offer to lease submitted for location, awaiting landlord acceptance — TBD
Regina, SK — Location Secured — May 2023
Surrey, BC — Offer to lease submitted for location, awaiting landlord acceptance — TBD
Toronto, Broadview, ON — Landlord building deficiencies to be rectified by Nov. 2022. Construction to resume once complete — Spring 2023
Vancouver, BC — Offer to lease submitted for location, waiting landlord acceptance — TBD
Victoria, BC — Location Secured — TBD
The following link may be used to file a request to create an Odd Burger franchise in either the United States or Canada: https://oddburger.com/pages/franchise-apply. Extra details can also be found on the webpage.
The Odd Burger Corporation and Its History
Along with operating a string of company-owned and also licensed vegan fast-food diners, Odd Burger Corporation is also a food tech firm that produces and disburses a range of plant-based nutrients and dairy substitutes to foodservice streams with a brand name Preposterous Foods. These products are sold under the name Preposterous Foods. Customers who are looking for healthier and more environmentally friendly fast food will find that Odd Burger locations work as intelligent kitchens. These places serve using cutting-edge cooking equipment and process automation to provide a delectable dining experience to its patrons. By using sophisticated cooking innovation, cheap prices, a vertically incorporated supply chain, as well as better health recipes, Odd Burger is reinventing the fast-food sector by producing guilt-free fast food. Smaller retail footprints that are adapted for shipment and takeaway food, sophisticated cooking tech, and competitive rates all contribute to this.
This press release contains forward-looking statements that involve a number of risks and uncertainties, including statements that relate to among other things, the Company’s strategies, intentions, plans, beliefs, expectations and estimates, and can generally be identified by the use of words such as “may”, “will”, “could”, “should”, “would”, “likely”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “plan”, “objective” and “continue” and words and expressions of similar import. Forward looking information contained or referred to in this news release includes statements relating but not limited to:, the impact of the development agreement in the areas discussed; the expected future expansion of Odd Burger locations and the number of franchises and the benefits the Company expects to derive therefrom; as well as the number of retail outlets to be opened and the Canada and Franchises in the United States discussed herein. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from expectations include but are not limited to: financing risk, general business and economic conditions (including but not limited to currency rates); changes in laws and regulations; legal and regulatory proceedings; and the ability to execute strategic plans. The Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements contained in this document, whether as a result of new information, future events or otherwise, except as required by law.
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