TORONTO — BURRITOBAR, USA Inc. has secured a Master Franchise Agreement in Colorado, with a long-term goal of opening 55 stores within the next two decades.
Per the terms of the Colorado agreement, G-BURRITO, LLC has been authorized to establish a flagship location that will serve as a corporate showcase for the brand and function as a training facility. Additionally, the agreement grants G-BURRITO, LLC exclusive rights to manage and develop all BURRITObar locations within the designated territory.
Currently, BURRITObar operates three locations in Michigan and has recently entered into several new agreements, including a 90-store agreement in Florida; a 150-store agreement in North Texas; a three-store Area Development Agreement in Hawaii; and a three-store Area Development Agreement in Houston since May of this year.
“G-BURRITO, LLC has a proven and impressive history of achievements in business. Their experience and skills make them an ideal candidate to foster and strengthen our brand,” says Alex Shtein, founder and CEO. “Their expertise and knowledge will be instrumental in navigating the complexities of these industries and achieving sustained success for the BURRITObar brand.”
“This latest development exemplifies our commitment to achieving our growth objectives and serves as a noteworthy milestone in our journey. In order to accomplish our objectives for expansion, we’re utilizing the Master and Area Developer Franchise Models. This approach is fundamental to our growth strategy and will enable us to reach new markets and customers across the country,” says Jeff Young, Chief Development Officer. “The U.S. presents itself as a crucial market with immense potential for long-term growth. We firmly believe that our brand’s reach and expansion will continue to thrive with the support of the U.S.”
