5 Jun 2015

Burger Fuel looks to US expansion

9:47 am on 5 June 2015

Shares in the fast-food chain, Burger Fuel, have risen 22 percent after revealing it plans to open its first store in the United States later this year

The company is working with American firm, OhCal Foods, to get its burgers in the US.

OhCal is owned by the Grewal family who develop and service more than 21,000 hundred Subway stores in the US.

Chief executive of Burger Fuel, Josef Roberts, said OhCal's experience in helping roll out fast food stores was essential.

"It's Subway's largest developer in the US, and they have the reach to go from the west to east coast."

Mr Roberts said there was space for the firm to sell its products in the so-called 'better burger market'.

He cited the burger firm Shake-Shake, which has a market value of $US2.2 billion, with fewer stores than Burger Fuel.

"There is a market there for better quality food, specifically burgers. It is ripe for expansion."

Mr Roberts expected to open Burger Fuel's first store later this year, though he would not give a date or location.

"We have the potential to open many hundreds of stores in America, and that's been our objective since the beginning."

The company's shares jumped 62 cents to $3.50 each this morning.

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