Yoshiharu Announces Market Expansion Plans into the Korean BBQ Segment
September 26 2024 - 7:31AM
Yoshiharu Global Co. (NASDAQ: YOSH) ("Yoshiharu" or the
"Company"), a restaurant operator specializing in
authentic Japanese ramen & rolls,
today
announced the planned entry into the lucrative and growing Korean
BBQ (“KBBQ”) category.
Through active and strategic conversations with
KBBQ store operators and the investment community, Yoshiharu has
identified a growing trend of demand for KBBQ cuisine,
predominantly in Southern California, as the popularity of Korean
street food has expanded American’s rising appetites for Korean
BBQ. KBBQ is now a popular dining experience in the region, and is
considered an integral part of the region's culture and culinary
scene. The communal and interactive nature of KBBQ, with its
extensive menus and relatively affordable prices, is a large part
of this appeal, with Yelp’s Trend Expert stating that Korean
restaurants are on the rise.
Having operated in the restaurant sector since
2016, Yoshiharu has leveraged its extensive industry experience and
expertise to build a robust network of supply chain stakeholders
essential for successful restaurant operations. Recognizing the
synergies between its existing suite of culinary offerings and the
KBBQ concept, the Company plans to capitalize on the synergies of
resources and ingredients for both segments to enhance purchasing
power, attract a wider audience, and explore cross-promotion
opportunities to further solidify and expand the Yoshiharu
brand.
“I am excited to announce our new venture into
the growing Korean BBQ market, a complimentary addition to our
ramen business,” said James Chae, Yoshiharu’s President, CEO, and
Chairman of the Board. “Through active discussions with KBBQ
investors and store owners, it is clear that there is a significant
market opportunity for Yoshiharu to tap into and establish a strong
footprint. With our robust and established network of restaurant
industry stakeholders, we recognize the crossover appeal between
our existing offerings and the KBBQ concept, which will serve as a
solid foundation. We look forward to expanding our restaurant
portfolio and delivering exceptional dining experiences to an even
broader audience.”
About Yoshiharu Global Co.
Yoshiharu is a fast-growing restaurant operator
and was born out of the idea of introducing the modernized Japanese
dining experience to customers all over the world. Specializing in
Japanese ramen, Yoshiharu gained recognition as a leading ramen
restaurant in Southern California within six months of its 2016
debut and has continued to expand its top-notch restaurant service
across Southern California and Las Vegas, currently owning and
operating 14 restaurants.
For more information, please visit
www.yoshiharuramen.com.
Forward Looking Statements
This press release includes certain
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, including without
limitation, statements regarding our position to execute on our
growth strategy, and our ability to expand our leadership position.
These forward-looking statements include, but are not limited to,
the Company's beliefs, plans, goals, objectives, expectations,
assumptions, estimates, intentions, future performance, other
statements that are not historical facts and statements identified
by words such as "expects", "anticipates", "intends", "plans",
"believes", "seeks", "estimates" or words of similar meaning. These
forward-looking statements reflect our current views about our
plans, intentions, expectations, strategies and prospects, which
are based on the information currently available to us and on
assumptions we have made. Although we believe that our plans,
intentions, expectations, strategies and prospects as reflected in,
or suggested by, these forward-looking statements are reasonable,
we can give no assurance that the plans, intentions, expectations
or strategies will be attained or achieved. Forward-looking
statements involve inherent risks and uncertainties which could
cause actual results to differ materially from those in the
forward-looking statements, as a result of various factors
including those risks and uncertainties described in the Risk
Factors and Management's Discussion and Analysis of Financial
Condition and Results of Operations sections of our filings with
the SEC including our Form 10-K for the year ended December 31,
2023, and subsequent reports we file with the SEC from time to
time, which can be found on the SEC's website at www.sec.gov. Such
risks, uncertainties, and other factors include, but are not
limited to: the risk that our plans to maintain and increase
liquidity may not be successful to remediate our past operating
losses; the risk that we may not be able to successfully implement
our growth strategy if we are unable to identify appropriate sites
for restaurant locations, expand in existing and new markets,
obtain favorable lease terms, attract guests to our restaurants or
hire and retain personnel; that our operating results and growth
strategies will be closely tied to the success of our future
franchise partners and we will have limited control with respect to
their operations; the risk that we may face negative publicity or
damage to our reputation, which could arise from concerns regarding
food safety and foodborne illness or other matters; the risk that
that minimum wage increases and mandated employee benefits could
cause a significant increase in our labor costs; and the risk that
our marketing programs may not be successful, and our new menu
items, advertising campaigns and restaurant designs and remodels
may not generate increased sales or profits. We urge you to
consider those risks and uncertainties in evaluating our
forward-looking statements. We caution readers not to place undue
reliance upon any such forward-looking statements, which speak only
as of the date made. The Company undertakes no obligation to update
these statements for revisions or changes after the date of this
release, except as required by law.
Investor Relations Contact:
Larry W HolubDirectorMZ North
AmericaYOSH@mzgroup.us312-261-6412
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