Restaurant & QSR Expansion Report

Stewart’s Signs On The Move Deal…..

In mid-December, On the Move Corp. and Stewart’s All American Corp.  announced the signing of an exclusive development agreement that calls for the development of 250 Stewart’s locations exclusive to On the Move convenience stores, throughout Florida and Georgia. “We expect that Stewart’s history and following from the Northeast U.S. will contribute to our rapid expansion plans for the states of Florida and Georgia throughout 2016.” said R. J. Reitano, Chairman, CEO of On the Move. OTM’s plans are to include a Stewart’s in as many On the Move Convenience stores as possible with its full menu of burgers, frankfurters, cheese-steaks, fries, Stewart’s Root Beer and unique flavored ice cream floats, shakes, cones and sundaes. Management has identified five locations in the South Florida market to begin the process along with 50 additional acquisition targets throughout Florida. “We have great opportunities in growing the Stewart’s franchise brand in the Northeast and now we have the perfect relationship with On the Move to expand with 250 more locations in the Southeast,” said Stewart’s President Jim LaGanke.  Along with Stewart’s Express restaurants included with the to-be-developed On the Move convenience stores, OTM will also develop stand-alone units, separate from its convenience stores targeting malls, airports and universities throughout Florida and Georgia.  On the Move Corp. is a publicly reporting company that was incorporated in 2014 to engage in the acquisition of convenience stores under the On the Move brand. Along with fresh food offerings and convenience-type merchandise, the units will include gasoline or gasohol on a self-service basis. On the Move intends, subject to the availability of financing, to acquire up to 50 convenience stores in 2016 and open 25 Stewart’s Express restaurants, most of which will be in Florida. Established in 1924, Stewart’s All American has evolved into a chain of over 30 seasonal and permanent full service restaurants, express kiosks and mobile concession trailers in the Northeast region that features the signature root beer along with hamburgers, frankfurters, fries with toppings, local specialties and desserts.

On the Move Corp.,12355 Hagen Ranch Rd., Suite 604, Boynton Beach, Florida 33437 Tel: 561/674-3473
Stewart’s All American Corp., 36 Ames Ave., Rutherford, New Jersey 07070 (201/896-2500 www.stewartsallamerican.com)

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