Market Overview

Black Bear Diner Continues to Grow – Opens 13th Diner in Utah

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New Franchise Unit in Riverton is Family Dining Brand's 116th;
Black Bear Diner Celebrates Continued Expansion and Development

Black
Bear Diner,
the fast-growing, family dining concept that offers a
one-of-a-kind experience and home-style comfort-food classics in a
friendly, bear-themed atmosphere, today announced the opening of its
newest diner in Riverton, Utah, located at 12535 S. Rhetski Lane.

The new location will be open daily from 6 A.M. to 10 P.M., serving all
of the diner's classic, scrumptious, and hearty breakfast, lunch, and
dinner offerings. The 5,500-square-foot, 165-seat restaurant is
franchise-owned and operated by Granite Peak Restaurants, and marks the
franchisee's third location in the area, joining its diners in West
Jordan and Sandy. The restaurant will create approximately 50 new jobs
for local residents, with some employees from surrounding Black Bear
Diner locations being transferred to the Riverton location.

"We are always delighted to open a diner, and look forward to welcoming
new guests and Black Bear Diner frequenters alike to our newest Utah
location," said Black Bear Diner Co-Founder and Chief Executive Officer
Bruce Dean. "Riverton is a perfect small town offering an amazing
quality of life to its residents. In addition to serving some of the
best extensive selections in town, we look forward to serving as an
outstanding community partner to Riverton."

The new Riverton location is nestled in the southwestern corner of the
Salt Lake Valley and follows Black Bear Diner's most recent unit opening
in Washington, Utah on July 16th. Frequently recognized as
one of the country's fastest-growing franchises and a "disruptor" in the
family-dining segment, Black Bear Diner has been frequently acknowledged
for its growth and performance, especially within the Family Dining
segment. Black Bear Diner opened 21 units in 2017 and will open at least
as many this year.

For more information on Black Bear Diner and its menu offering, visit www.blackbeardiner.com.

About Black Bear Diner

Founded in Mt. Shasta, Calif., in 1995, Black Bear Diner was born from a
desire to bring home-style comfort food classics and personal service
back to the dining experience. The family dining concept offers a vast
menu anchored on hearty portions and excellent value. The franchise has
grown to 116 locations in 10 states. Black Bear Diner is consistently
ranked by restaurant industry observers as one of the smartest growing
brands. For a full menu and additional information, please visit
blackbeardiner.com.

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