Business Basics •Two upscale locations in h
Post# of 3935
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Posted On: 05/31/2017 10:06:56 AM
Business Basics
• Two upscale locations in high-profile Los Angeles malls
•12 company-owned locations projected by end of 2017
•Shopping malls:
•Become Family Destinations
•Increase Family foot traffic
•Create Vitality & Vibrancy?Mall owners and operators give Giggles N’ Hugs:
•Average 75% rent discounts
•$500k-$700k up-front cash (covers 50%+ ofbuild-out) Recently 100% to cover buildout
Giggles N’ Hugs signs LOI with $1.4 Million of tenant allowances which covers the cost for the first Northern California Location
https://finance.yahoo.com/news/giggles-n-hugs...00867.html
The company has received an LOI from a major mall owner and operator for a new location in the San Francisco maket where the landlord has agreed to pay up to $1.400,000 for the entire cost of the roll-out for the new space.
https://finance.yahoo.com/news/giggles-n-hugs...00545.html
• Significant international franchisee interest &opportunity?High profile Celebrity Clientele and national mediacoverage
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