Beyond Meat (BYND) competitor, BurgerFi is aiming to go public after signing a nonbinding letter of intent to merge with Opes Acquisition Corp (OPES), the fast-casual restaurant recently announced.
BurgerFi represents a tremendous partner for Opes in what we believe will be an attractive public market company given its rapid ascension as a nationally recognized brand in the ‘better burger’ space. BurgerFi’s crave-worthy menu of premium ingredients personifies it as a leader in consumer trends. Enhanced by its technology-driven business model, steadfast commitment to responsible procurement, highly-scalable structure and significant expansion opportunities, BurgerFi is an extremely attractive investment opportunity. We have enjoyed working with BurgerFi’s world-class management team, and we look forward to supporting them in the new growth phase as a public company.
Ophir Sternberg, Chairman of Opes Acquisition Corp
BurgerFi was at the forefront of sustainability, building every restaurant with a focus on low carbon footprint. Furthermore, with off-premise sales being an integral part of the restaurant industry, BurgerFi has remained at the cutting edge of innovation by dramatically improving its take-out and delivery systems to achieve superior efficiency and profitability.
At-home diners can enjoy a streamlined ordering experience offered across various outlets, including the BurgerFi website, a smartphone app and several leading third-party delivery networks. Premium, safe and environmentally friendly packaging enables customers to enjoy the same quality of the food with peace of mind as deliveries travel to customer’s home from the restaurant.
Strong corporate openings are expected throughout next year (2021).
The Opes team brings the experience and real estate expertise to maximize BurgerFi’s growth potential. Our broad consumer appeal, strategic supply chain partnerships and state-of-the-art commissary, combined with our data-driven and technology-forward approach, puts us in a uniquely scalable position. In addition, BurgerFi is poised to capitalize on the growing base of customers seeking a healthier yet indulgent fast casual experience that speaks to their values of quality and responsibly sourced ingredients. The partnership with Opes will enable us to further strengthen the BurgerFi brand and accelerate our growth as we continue to expand and bring the best burgers to even more consumers around the world.
John Rosatti, Founder of BurgerFi
The company is already accelerating at a explosive rate as they already announced an opening in Delray Beach Florida, Miami and is now currently opening a location at The Avenue at White Marsh this coming July.
