According to a report by the National Restaurant
Association, restaurant industry sales are expected to climb to a record high
of $709.2 billion in 2015, which would mark the sixth consecutive year of real
market growth. Giggles N’ Hugs, Inc. (OTCQB: GIGL) is set to capitalize on this
opportunity by combining high-end, organic food with active, cutting-edge play
and entertainment for children. In the first quarter of 2015, the company
successfully leveraged the strong performance of the restaurant industry to
realize an 11.7 percent year-over-year increase in revenue, providing
prospective investors with a preview of its tremendous market potential in the
years to come.
“This is the first quarter we’re seeing true year-over-year
comparisons for our three current locations, and to report double-digit revenue
growth in the period bodes very well for our long-term success,” Joey Parsi,
founder and chief executive officer of GIGL, stated in a news release. “[W]e’re
moving forward on our goal of expanding to 12 company-owned locations by the
end of 2017.”
In addition to expanding through company-owned locations,
GIGL has expressed interest in potentially franchising its proven
family-friendly restaurant brand in order to promote both domestic and
international growth moving forward. As the company continues to build brand
recognition throughout the food service industry, demand for this tested growth
strategy will likely continue to increase.
“Since opening our first Giggles N’ Hugs in 2009, we’ve seen
a steady stream of interest from franchisees looking to take our concept to
markets here in the U.S. and around the world,” continued Parsi. “We’re… very
excited about the potential of further growth fueled by franchise locations.”
The company’s convenient locations in and around Los Angeles
have helped it become a favorite among celebrity parents, with a collection of
well-known actors and models visiting GIGL’s locations over the years. These
visits should help to continue establishing GIGL as a respected and trusted
brand on a global scale, which will be particularly beneficial if and when the
company begins franchising operations.
Unlike its competitors, GIGL offers an ideal combination of
nutritious, delicious food and entertainment that’s perfect for a family outing
and lives up to lofty expectations. As a result, the company has claimed a host
of industry recognition, including being voted ‘Best Pizza in Los Angeles’ and
‘#1 Birthday Party Place in Los Angeles’ by Nickelodeon and ‘Best Indoor
Playspace’ by Red Tricycle.
For more information, visit www.gigglesnhugs.com
About QualityStocks
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://gotstocks.qualitystocks.net
Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
No comments:
Post a Comment