CORAL SPRINGS, Florida
April 8, 2014
Market updates for leading consumer goods companies and up and coming quick service restaurant continues steady growth with expansion in
: GRILLiT, Inc. (OTC: GRLT), Starbucks Corporation (NASDAQ: SBUX), Whole Foods Market, Inc. (NASDAQ: WFM) and Chipotle Mexican Grill, Inc. (NYSE: CMG).
GRILLiT, Inc. (OTC Pink: GRLT) today announced that it has completed an agreement effective as of
April 1, 2014
for the sale of GRILLiT master franchise rights in the
State of Nevada
. The rights were obtained for a total cash consideration of
, which the Company will book to its revenue in the second quarter of this year, plus an ongoing 4% royalty commitment on all gross revenues, and a
up front fee for each franchised location established in these territories.
To read the full GRLT press release, please click here:
As with the States of
, the master franchisee is operated by Texas Expansion Wing Group, LLC, an experienced restaurant area developer and franchise sales organization. The principals of Texas Expansion Wing Group have over 26 years experience in the retail and food industry, both as operators and owners. Their experience ranges from the sale of over 100 franchises for QSR, the opening of over 90 restaurants in
, and owning and operating YUM brands in
. Their most recent projects include acting as area developers for Hurricane Grill and Wings, one of the fastest growing casual dining concepts in the country, and Dazbog Coffee, which franchises the operation of specialty coffee stores.
Starbucks Corporation (NASDAQ: SBUX) recently announced the launch of its 4th annual Global Month of Service, with Starbucks partners (employees), customers and community members once again coming together to help contribute more than one million community service hours per year by 2015. This program supports the advancement of Starbucks Global Responsibility Goals which were designed to help make communities stronger through ethical sourcing, environmental stewardship and community engagement. Building on last year's success, Starbucks will collaborate with more than ten organizations for Global Month of Service projects including Alaska Airlines, King Soopers, Deloitte, and Fidelity Investments. This year, Starbucks will also collaborate with global clothing retailer UNIQLO to co-host community service projects in five cities around the world. Starbucks estimates more than 55,000 volunteers will come together this month to participate in 2,000 projects in 40 countries fostering long-term, positive change in neighborhoods around the world.