MIAMI, August 7, 2013 // PRNewswire // - GRILLiT, Inc. (OTC: GRLT) (the "Company" or "GRILLiT") today announced that it has launched a new page on its corporate website (http://www.grillitinc.com) for parties interested in becoming franchise owners and operators of GRILLiT restaurants.
GRILLiT CEO, Ghazi Hajj, said, "As part of our plan to attract master franchise and multiple franchise owner/operators, we added a new basic section to our website to capture information from anyone interested in being contacted for more information."
The Company's franchise plan has a development master franchise contract plan for at least 58 franchised locations across eight states over the next five years. GRILLiT and its affiliates currently have master franchise agreements in Kentucky, Ohio, New Hampshire, New Jersey, Georgia, Pennsylvania, Tennessee, and North Carolina, and are actively seeking franchise operators. The master franchise agreements each have a development schedule that the master franchisee must follow, and they vary from state to state based on population. Typically the agreement calls for minimum stores to be opened within year one with increasing opening commitments beyond year one, depending upon several factors. The initial level of franchise activity is overseen by the existing GRILLiT management team. The Company expects the need to hire one franchise operations supervisor for every 20 stores opened.
Interested potential master franchisees and franchise owner/operators should visit the Company at email@example.com and click the "Franchise Opportunities" link.
GRILLiT (GRLT) is a growing Latin-Caribbean fusion restaurant concept that marries fast casual to nutritious and healthy food. The company opened its first location in Miami in 2011 and specializes in chef-inspired custom crafted rice bowls, pasta and wraps as well as salads. GRILLiT utilizes domestic growers and delivers healthy cuisine using only fresh proteins, such as never-frozen chicken and Angus beef. Restaurants offer an inviting and comfortable atmosphere with an open kitchen and contemporary, industrial design. GRILLiT currently has two locations and expects to have at least 21 corporate and 58 franchised locations open and operating within the next five years. The company is targeting Florida, North Carolina, New Jersey, Pennsylvania, New Hampshire, Ohio, Kentucky, Tennessee and Georgia for new growth. For more information, visit http://www.grillitinc.com.
Statements in this press release that are not purely historical facts, including statements regarding GRILLiT's 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 ability to open 58 new franchised restaurants in the next five years. 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.
Robert L. Tucker
Director of Corporate Development
SOURCE GRILLiT, Inc.