Giggles N’ Hugs, Inc. (GIGL) Franchises Could Offer Perfect Giggles N’ Hugs, Inc. (GIGL) Franchises Could Offer Perfect Amalgamation between Children and Adults
Unimpeded opportunity for all Americans is essential to our economic and political prosperity. To retain hegemony in bringing new products and services to the marketplace both in the U.S. and abroad, franchise systems continue to provide the widest possible entrepreneurial opportunities for everyone. Los Angeles-based Giggles N’ Hugs, Inc. (OTCQB: GIGL) is a first-of-its-kind, award-winning family restaurant and play space that combines organic, gourmet food and exciting play elements for children, with a 2,500-square-foot play space in the middle of its restaurants.
The concept is similar to Chuck E. Cheese, but offers a healthier, high-end version for health conscious parents and families. Parents eat and relax, while the kids have an incredible time playing in the custom-made play area, which is loaded with giant climbers, dragons, castles, pirate ships slides and swings and a multitude of other toys.
Revenue is derived from several sources, including food and beverage sales, beer and wine, birthday parties (40 percent), admission and membership fees, and retail sales. These revenue-generating locations are also highly sought-after tenants. The company currently has three locations in some of the premier malls around Los Angeles, and four of the largest mall owners in the country have offered Giggles N’ Hugs up to 75 percent discounts on rent and upward of $700,000 of upfront cash for each location in order to get Giggles N’ Hugs into their properties located around the country.
In other words, the proof is in the ‘organic bread pudding’ with the concept Giggles N’ Hugs has created. The company has taken a successful business model (i.e. Chuck E. Cheese) and adapted it to today’s health conscience consumer with its organic menu items. It’s essential to appeal to as many audiences as possible when providing products and services. Giggles N’ Hugs has forged a perfect marriage, so to speak, with its ‘kid friendly’ birthday party atmosphere and delicious menu, allowing it to appeal to nearly every demographic.
Learn more by visiting www.gigglesnhugs.com
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