Franchising

Odd Burger signs agreement for Florida, Germany, Switzerland, Austria

Provided

December 13, 2022

Canada-based vegan fast food company Odd Burger has announced a letter of intent with Franchise Investment AG and its parent venture capital division Angelpreneur AG to develop up to 50 Odd Burger locations in Florida, Germany, Switzerland and Austria (the region of DACH) over a period of eight years.

"The opportunity to bring vegan fast food to a global audience is exciting for us," Farshad Abbaszadeh, CEO of Angelpreneur AG, said in the press release. "Odd Burger brings an efficient model and a delicious and sustainable food experience."

The development team is led by Abbaszadeh, who founded German Donar Kebab in 2012.

"We are excited to work with Farshad and his team towards realizing our vision of global change in the fast-food industry," James McInnes, co-founder and CEO of Odd Burger, said in the press release.

The terms of the agreement call for 25 locations in Florida and another 25 locations in the DACH region. The developers also retain the right of first refusal to purchase additional territories in the EU region as they become available.