MIAMI, Sept. 10, 2015 /PRNewswire/ -- Healthy & Tasty Brands Corporation (the "Company") (OTC: GRLT) announced today the final signing of a Purchase Agreement to acquire the second Company store in the Greater Denver Area.
Henry L. Klein, CEO of Healthy & Tasty Brands, stated, "This newly acquired property is located in Greely, Colorado. This is a fully equipped restaurant and bar with seating capacity of 100+ patrons in the Main Dining area and includes a second area for special events that can handle another 50 patrons."
This is an asset purchase which includes the real estate, which the Company indicated was acquired for $500,000, with a $50,000 down payment and a $450,000 mortgage at 6% over ten years, with a 5-year balloon. The acquisition was arranged through Mr. Randy Marshall of Sperry Van Ness, The Group Commercial, LLC of Fort Collins, Colorado. This location will be converted into the new concept within 90 days. The new logo, shown below, will be featured in this location and all future company owned restaurants.
www.handtbrands.com
Mr. Klein added, "Based on guidance from a Denver marketing firm, we will seek to have a minimum of five locations in the Greater Denver Area. This will allow for a more cost-effective and successful marketing program in a large metropolitan area. And, where possible, we plan to acquire restaurant location assets with the real estate rather than to lease such businesses."
The Company intends to announce further additions/acquisitions in the Denver and Miami areas in the near future.
Healthy and Tasty Brands will continue to develop GRILLiT restaurants as a master franchisee in South Florida (Miami-Dade, FT. Lauderdale and Palm Beach), Maine, Vermont, Connecticut, Massachusetts, New Hampshire, New Your, Illinois, Michigan, Indiana, Maryland, Delaware, Pennsylvania and Louisiana. GARR Franchising, LLC and GRILLiT Healthy & Tastee Brands, LLC, the owners of GRILLiT restaurants franchising brand will continue to develop GRILLiT locations with the focus on Texas, Atlanta, Colorado, Nevada, Arizona, Kentucky, Ohio, North Florida, New Jersey and Tennessee. For more information about franchising, visit us at www.grillitinc.com or contact Ghazi Hajj at: ghazi@grillitinc.com
In closing, Mr. Klein stated, "I have been overwhelmed with contacts and inquiries from GRLT shareholders stating their desire to attend a 'Special Shareholder Meeting.' Based on the number of shareholders indicating a desire to attend, we are planning to reschedule the meeting for a time prior to year-end to allow interested shareholders time to arrange to attend in person. And, because of the large shareholder base in South Florida, it is now our intention to hold this Special Shareholder Meeting in the Greater Miami Area. The date and location will be announced as soon as the arrangements can be completed."
GRLT Healthy & Tastee Brands Restaurant & Bar Concept
We serve fresh, flavorful, exotic, and healthy food with a Latin flair. Our Central and South American neighbors bring our menu the "Wow!" flavor factor.
Our mission is to use whole, unprocessed, real foods, the freshest ingredients, and - most importantly -local produce, as much as possible. We feature healthy breakfast options, premium salads, pasta, seafood, grass fed steak, chicken breast, grass fed buffalo burgers, an exciting line of Hawaiian roll sandwiches and wraps, smoothies, agua frescas, deserts, appetizers, and many more delicious food and alcoholic beverages for you to choose from.
We aspire to inspire your tastebuds anytime during your visit with us.
About GRILLiT Brand
GARR Franchising, LLC, and GRILLiT Healthy & Tastee Brands, LLC, owners of GRILLiT brand represent a growing Latin-Caribbean fusion restaurant concept that marries fast casual to nutritious and healthy food. The Company opened its first location under the GRILLiT brand in Miami in 2011 and specializes in chef-inspired custom crafted rice bowls, pasta and wraps as well as salads. The GRILLiT restaurants utilize domestic growers and delivers healthy cuisine using only fresh proteins, such as never-frozen chicken and grass-fed steak. Restaurants offer an inviting and comfortable atmosphere with an open kitchen and contemporary, industrial design. For more information about the franchising program, visit us at www.grillitinc.com or contact Ghazi Hajj at: ghazi@grillitinc.com
Forward Looking Statements:
Statements in this press release that are not purely historical facts, including statements regarding Healthy & Tasty Brands' beliefs, expectations, intentions or strategies for the future, may be "forward-looking statements" under the Private Securities Litigation Reform Act of 1996. Such statements consist of any statement other than a recitation of historical fact and can be identified by the use of forward-looking terminology such as "plan", "may", "expect", "anticipate", "intend", "estimate" or "continue" or the negative thereof or other variations thereof or comparable terminology. The reader is cautioned that all forward-looking statements are speculative, and there are certain risks and uncertainties that could cause actual events or results to differ from those referred to in such forward-looking statements. This disclosure highlights some of the important risks regarding our business. Specifically, the reader should not place undue reliance on statements regarding our retained consultants to increase franchise sales in their targeted franchise markets. Additionally, there are number of other risk factors relating to our business more fully explained identified by us in our filings with the OTC Markets, which are available through http://www.otcmarkets.com.
For more information please contact us at:
info@handtbrands.com or call us at: 305-998-7098
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SOURCE Healthy & Tasty Brands Corporation