Giggles N’ Hugs, Inc. (GIGL) Benefitting from Strong Performance of National Restaurant Industry
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
Please see disclaimer on the QualityStocks website: https://Disclaimer.QualityStocks.com