Famous Uncle Al's Hot Dogs & Grille, Inc. Announces Virginia Restaurant Grand Opening
Franchised Store Royalties Continue to Grow
DANBURY, Conn., July 1 // PRNewswire-FirstCall // -- Famous Uncle Al's Hot Dogs & Grille, Inc. (OTC Bulletin Board: FDOG) announced today it has scheduled the opening of a new Famous Uncle Al's Dogs & Grille restaurant at 1269 Military Highway, Norfolk, VA. The new restaurant is located in a Home Depot shopping center and is scheduled to open Monday, July 8, 2008.
President, Dean Valentino commented, "The recent grand openings of our Restaurant's in Lancaster, Ohio and in Norfolk, Virginia continues to move the company forward from a revenue standpoint as well as promoting and building the Famous Uncle Al's brand name and product."
Valentino continued, "With a business model that includes continuing royalty revenue from franchised stores, we are excited about the cash flow that is generated from new restaurants. With a royalty of approximately of 7% collected from each store, this perpetual weekly revenue is the lifeblood of any franchise company and is what propelled the Subway and Quizno empires."
Director of Marketing, Richard Michael stated, "With twelve franchised units and six original Famous Uncle Al's Hot Dogs restaurants operating we are now preparing to expand the company through a National Campaign to attract area developers and franchisees. Double page ads have been scheduled for publication in Area Developer Magazine and other industry publications. We believe that with continuing financing and marketing and sales efforts, Famous Uncle Al's Hot Dogs & Grille, Inc. will become a national competitor in the franchised restaurant industry."
Virginia is the "home" of Famous Uncle Al's Hot Dogs, with the first Famous Uncle Al's restaurant opened in 1985 by Famous Uncle "Al" Stein. The restaurant continues to operate at its original location. Six original Famous Uncle Al's Hot Dogs and three franchised Famous Uncle Al's Hot Dogs & Grille restaurants operate in the Virginia Beach/Norfolk area.
The new restaurant is owned by Franchisees Kevin Coleman and Carol Jordan.
Prospective franchisees and Area Developers are invited to visit the Company website at http://www.FDOGINC.com or to call (866) 910-3107 for more information regarding opportunities with Famous Uncle Al's Hot Dogs & Grille, Inc.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
SOURCE Famous Uncle Al's Hot Dogs & Grille, Inc.