Mississauga-based Paramount Fine Foods isn’t just expanding locally, it’s also growing its footprint abroad.
Building on its run of successes in recent years, the Middle Eastern restaurant chain has announced its official expansion into North-Eastern United States.
Paramount signed a franchise agreement with SLS Hospitality Group to immediately open restaurants in New Jersey and Massachusetts, with New York, Pennsylvania and Connecticut slated to be signed later this year.
SLS Hospitality Group is owned and operated by Liaquat Mian, president of LJM Developments, and his son Shaheryar Mian.
“We are excited to bring the Paramount Brand to this market,” said Mohamad Fakih, Paramount Founder and CEO. “We see tremendous growth potential in this market and are very proud to partner with such established business people.”
Paramount is celebrating its 10th year in business. Over the course of a decade, the restaurant chain specializing in authentic Lebanese cuisine has experienced tremendous growth. From its first location at Dixie and Eglinton in Mississauga, the company has more than 60 locations across the world including Lebanon and Pakistan.
Plans are underway to open an additional 40 locations in Canada and globally with expansion confirmed in the United Kingdom, Saudi Arabia, and the gulf.
Paramount Fine Foods expects to expand to more than 100 restaurants by the end of next year.
Paramount hosted dignitaries and media at an official signing of the agreement at the company’s corporate office in Toronto earlier this month.
LJM’s core business is real estate development in Southern Ontario with several landmark residential developments.
The company diversified its business into the food and beverage sector in 2013 and recently won business of the year award in the Niagara region.
“We are proud to partner with Paramount Fine Foods and look forward to helping this great brand grow its footprint across the United States,” said Shaheryar Mian.
More information about Paramount Fine Foods and LJM Development Inc. can be read at www.paramountfinefoods.com and http://ljm.ca/