$GMPR Announces Signed LOI to Purchase $23+ Milli
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Posted On: 12/27/2021 11:22:16 AM
$GMPR Announces Signed LOI to Purchase $23+ Million Dollar Black Rock Bar & Grills Gourmet Provisions International Corporation (OTC Pink: GMPR) today announced they have signed a Letter of Intent to purchase: the master franchising rights for the state of Georgia & Western Pennsylvania; controlling interest in the four existing Florida based Black Rock Bar & Grills; controlling interest in two of the existing Michigan based 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+.
Paul Samson, President, stated: “We look forward to partnering and working with Gourmet Provisions. We are excited about the opportunity of a single funding solution and expertise to bring the opportunity for Black Rock Florida to grow throughout the region.”
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+.
Paul Samson, President, stated: “We look forward to partnering and working with Gourmet Provisions. We are excited about the opportunity of a single funding solution and expertise to bring the opportunity for Black Rock Florida to grow throughout the region.”
https://finance.yahoo.com/news/gourmet-provis...00517.html
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