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Fatburger is preparing for significant growth, including opening more than 200 company and franchised stores in the next four years. The corporation recently refinanced its debt to maximize cash flow with a $6 million deal from GE Commercial Finance, Franchise Finance (GEFF).
The deal includes recapitalization and refinancing of the company’s debt, competitive rates, and flexible structuring. The additional financing has allowed Fatburger to increase its infrastructure, including its executive team and the staff at Fatburger University, the company’s nine-week staff training program.
Fatburger currently has locations in Arizona, California, Colorado, Florida, Nevada, New Jersey, Pennsylvania, and Washington and is actively seeking new franchisees for available territories across the nation. Plans for new locations are underway in New York City, New Orleans, Atlanta, Cleveland, and Vancouver.