As a
young company, Giggles N’ Hugs, Inc. (OTCQB: GIGL) frequently has
its eye on smart, continuous growth. Over the course of the last
year, the company streamlined its operations, markedly improved its
margins and increased year-over-year sales. This year, Giggles N’
Hugs intends to build on its 2015 achievements by taking advantage of
even more opportunities to invest in its growth.
Giggles
N’ Hugs occupies a desirable position in the restaurant world. It
is the first restaurant operator to bring together high-end, organic
food with active, cutting-edge play and entertainment for children.
It owns and operates one restaurant in the Westfield Mall in Century
City, another in the Westfield Topanga shopping center in Woodland
Hills, and a third in the Glendale Galleria in Glendale, California.
Due to their proximity to Hollywood, the Giggles N’ Hugs
restaurants count among their clientele many of America’s celebrity
kids and parents, including Dennis Quaid, Mark Wahlberg, Ben Affleck
and Jennifer Garner, Sarah Michelle Gellar and Ellen Pompeo. Owing to
their location, these restaurants have a remarkable ability to
generate foot traffic.
Likewise,
the experience that Giggles N’ Hugs offers in each of its
restaurants is a hard-to-resist draw. Every location offers an
upscale, adult- and kid-friendly atmosphere with a dedicated,
custom-made 2,000 square-foot play area that children aged 10 and
younger tend to love. All-day activities (e.g. karaoke and face
painting) and nightly entertainment (e.g. magic and puppet shows) are
included in the company’s offerings. Plus, families that wish to
host special occasions for their kids can hire Giggles N’ Hugs to
throw one of its popular themed parties in their homes or at one of
the company-owned restaurants.
Giggles
N’ Hugs’ three locations are said to be three of the many reasons
for the company’s success – and investing in more locations seems
to be a great path going forward. A short while ago, the company
engaged Chardan Capital, an investment bank, in its growth efforts.
Giggles N’ Hugs tasked the bank with seeking out and raising
capital, so it could expand to additional locations throughout the
U.S.
A
second, major growth initiative that the company is considering is
the launch of a vast franchising program. Over the years, Giggles N’
Hugs has received numerous inquiries from interested parties looking
to replicate its concept and success around the world. It has caught
the eye of several of the nation’s largest mall landlords,
including Westfield Corp. (OTC: WEFIF), which has offered its entire
portfolio of malls for Giggles N’ Hugs to consider for its future
locations. Westfield, in particular, is also offering the company a
tenant allowance that would noticeably cut opening and rent costs, a
very attractive proposition.
In
building on recent achievements and promising opportunities, Giggles
N’ Hugs seems well-placed to execute its 2016 growth initiatives.
Learn
more by visiting 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.
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