US-based restaurant operator Yoshiharu Global has reached a non-binding memorandum of understanding (MoU) with a restaurant operator to acquire Jjanga, HJH and Ramen Aku restaurants in Las Vegas.

Known for offering Japanese ramen, Yoshiharu will fund the deal through a combination of cash and a convertible note.

The acquisition is part of the company's expansion plan to operate 13 restaurants by the end of 2023.

Yoshiharu anticipates that the restaurants to play an integral and sustainable part in its overall growth strategy.

The acquisition of Jjanga and HJH restaurants would extend Yoshiharu’s seafood-centric offerings. The acquisition of Ramen Aku would enhance Yoshiharu's well-established ramen sector.

Yoshiharu Board chairman, president and CEO James Chae said: “I am excited to announce these strategic acquisitions, which serve as a key part of our long-term goal of expanding our restaurant count and geography.

“By tapping into the robust market there, not only can we cater to the tourists but also have the advantageous position to serve the residential customers in the Las Vegas area, offering them our unparalleled services and products and establishing a strong local footprint alongside the tourist-centric strategies.

“We are making strong progress toward our end goal of operating 13 restaurants by the end of the year and look forward to continuing our commitment to provide an authentic Japanese dining experience.”

Completion of the deal is subject to successful negotiation and execution of a definitive agreement, as well as several contemplated closing conditions.