Meritage Announces Opening of First New-Build Image Activation Wendy's Restaurant

2014-03-18
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  • Meritage The new Wendy's restaurant represents the Company's third 'Image Activation' restaurant but its first Image Activation built new from the ground up.

    Meritage Hospitality Group Inc. (OTCQX: MHGU) announced the opening of its 120th restaurant located on Argyle Road in Jacksonville, FL. 

    Wendy's restaurant in Jacksonville, FLThe new Wendy's restaurant represents the Company's third "Image Activation" restaurant but its first Image Activation built new from the ground up. 

    Robert Schermer, Jr., CEO of Meritage Hospitality Group, stated, "Meritage remains committed to image activation in both its new store development program and with the modernization and re-imaging of its existing Wendy's restaurant portfolio."

    The Company reiterated its 2014 Outlook, which included:

    • Sales growth of 10% to 15%
    • Net Income growth of 50% to 55%
    • EBITDA growth (a non-GAAP measure) of 30% to 35%
    The Company is headquartered in Grand Rapids, MI and employs a workforce of approximately 3,300 people. The Company owns and operates 120 restaurants in six states including Florida, Georgia, Michigan, North and South Carolina and Virginia.


    Logos, product and company names mentioned are the property of their respective owners.

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