American Restaurant Holdings, Inc. (OTC: ARHI) announced that it has completed its asset purchase of Canyon Fireside Grille (www.canyonfiresidegrille.com). The acquisition was completed via ARHIs wholly owned subsidiary, Canyon Acquisition, Inc.
American Restaurant Holdings, Inc. (OTC: ARHI) announced that it has completed its asset purchase of Canyon Fireside Grille (www.canyonfiresidegrille.com). The acquisition was completed via ARHI’s wholly owned subsidiary, Canyon Acquisition, Inc.
Located in the South Orange County city of Rancho Santa Margarita, California, Canyon Fireside Grille was originally founded in 2004. The menu consists of signature dishes of American Cuisine along with a full bar.
Several highlights of the transaction include:
- High Visibility Location – located in a highly-visible “end-cap” location in the heart of South Orange County
- Strong per capita income and area demographic along with above-average vehicle and foot traffic
- Extensive Operating History – Canyon Fireside Grille has been in operation for nearly 10 years and has built a strong local and loyal clientele
- Additional Growth Potential – ARHI has identified significant growth opportunities for the location including enhanced menu items in addition to other revenue-enhancement strategies
“We are excited about the acquisition of Canyon Fireside Grille. Our plan is to grow the strong legacy business that has been created during the nearly decades-long history of the location. We look forward to working closely with Canyon’s management and its employees to continue to grow the brand,” stated Tim M. Betts, the Chief Executive Officer of American Restaurant Holdings, Inc.Logos, product and company names mentioned are the property of their respective owners.