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Posted On: 01/11/2022 11:11:13 AM
Post# of 38437
$GMPR Gourmet Provisions International Corp. (GMPR) Announces Signed LOI to Purchase $23+ Million Dollar Black Rock Bar & Grills
According to the LOI, GMPR will buy 51% of the existing Florida Black Rock Bar & Grills with locations in: Tampa, Brandon, Fort Lauderdale, Orlando and will purchase controlling interest in two of the Michigan locations, including all of the assets, debts, service contracts and revenues. The combined total 2020 COVID-19 reduced revenues of the Florida based Black Rock’s and two Michigan locations were impressively in excess of $23 million. Black Rock Bar and Grill of Florida operates under 5 separate entities: The Parent company owns the master rights for the state of Florida. The next 3 Florida Black Rock locations are already in the development stage and future announcements will provide full details and accurate annual revenue potential of an additional $10 million+ in revenues, bringing the projected annual revenues to approximately $33,000,000+.
https://finance.yahoo.com/news/gourmet-provis...00517.html
According to the LOI, GMPR will buy 51% of the existing Florida Black Rock Bar & Grills with locations in: Tampa, Brandon, Fort Lauderdale, Orlando and will purchase controlling interest in two of the Michigan locations, including all of the assets, debts, service contracts and revenues. The combined total 2020 COVID-19 reduced revenues of the Florida based Black Rock’s and two Michigan locations were impressively in excess of $23 million. Black Rock Bar and Grill of Florida operates under 5 separate entities: The Parent company owns the master rights for the state of Florida. The next 3 Florida Black Rock locations are already in the development stage and future announcements will provide full details and accurate annual revenue potential of an additional $10 million+ in revenues, bringing the projected annual revenues to approximately $33,000,000+.
https://finance.yahoo.com/news/gourmet-provis...00517.html
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