GRILLiT Executes Franchise Agreement for First Store Location in Texas
MIAMI - April 21, 2015 // PRNewswire // - GRILLiT, Inc. (the "Company" or "GRILLiT") (OTC Pink Markets: GRLT) today announced that it's master franchisor in Texas has executed a franchise agreement with Grillit Round Rock, LLC for the store location in the Greenlawn Crossing Shopping Center in Round Rock, Texas (previously announced on January 28, 2015).
"Our master franchisor in Texas, led by Bill Roberts, has done an excellent job of identifying and securing our first franchisee in the state of Texas," said GRILLiT CEO, Ghazi Hajj. "We received the full $25,000 franchise fee, we expect the definitive lease to be executed very soon, and the entire funding is in place to begin construction."
The restaurant location in Round Rock, Texas is approximately 20 miles north of downtown Austin, Texas in a high-traffic shopping center anchored by an HEB grocery with several national chains such as GNC and Orangetheory Fitness. The corporate headquarters for Dell Computer Corporation lies directly across the highway less than one third of a mile away. The space was the only vacant space available in the shopping center and was formerly occupied by Starbucks, which moved to a stand-alone location within the same shopping center.
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 grass-fed organic steak. Restaurants offer an inviting and comfortable atmosphere with an open kitchen and contemporary, industrial design. For more information, visit www.grillitinc.com or www.handtbrands.com.
Forward Looking Statements
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 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.
SOURCE GRILLiT, Inc.
Princeton Research Group