WCVC - Illegal Burger Riding Wave
Of Biggest Trends In $760 Billion Fast Casual Dining
July 30, 2019 -- InvestorsHub NewsWire -- via BioResearch
Alert Seeking Alpha -- Original Release
- Of 650 Chefs surveyed at the American
Culinary Federation, 75% said cannabis infused foods and beverages
will be the hottest trend starting in 2019.
- Beyond Meat (BYND)
is hottest IPO in 2019 with share price soaring above $235 confirms
large and fast-growing vegan market. WCVC – Illegal Burger
won Denver Top Ten Vegan
Burger award.
- West Coast Ventures Group (OTCQB:WCVC)
“Illegal Burger” CBD Edibles Franchises in Colorado are First to
Market with over $3 million in new sales and pointing sharply
higher.
- Illegal Burger named Rising Star in Healthy Holistic Restaurant
Trend Amongst Competitors Including Bloomin' Brands. WCVC plans to
also launch “Illegal Pizza” Franchises.
- Illegal Burger’s ultra-fast franchise model is delivering fully
operating restaurants in only 90 days from lease signing and is now
selling in 39 states with plans for expansion to all states.
- With share price of $.04 and total market cap of only $1.5
million, WCVC shares are highly undervalued creating timely entry
point. Only 47 million shares outstanding with float under 28
million. Market comps based on sales indicate fair value of shares
today is over $.20, however, based on growth model in explosive
Cannabis Industry and Healthy Vegan Foods, shares could soon
experience rapid upward revaluation well over $.20.
Summary
For several reasons, West Coast Venture Group, Corp. (OTCBB: WCVC),
appears to be an outstanding investment opportunity in the big Fast
Casual Dining market. Illegal Burger sales are growing fast and
franchise sales are expected to take off soon. Illegal Burger fills
the big needs for great tasting, healthy foods and beverages in a
relaxing casual setting. West Coast Ventures, the owner and
operator of Illegal Burger, announced it was featured in an
article on healthy and holistic restaurant trends. WCVC and its
Illegal Burger are specifically called "Rising Stars" in an article
that also features $1.6 Billion Bloomin' Brands, Inc.,
(Nasdaq: BLMN) the owner of restaurant brands
that include Outback Steakhouse, Carrabba's Italian Grill, and
Bonefish Grill.
Below is the excerpt from the Customer Think article:
Rising stars lead the way
Illegal Burger is a quick casual
restaurant chain owned and operated by West Coast Ventures Group
Corp (OTCMKTS:WCVC).
The Illegal Burger chain is based in the Denver area and is in
early growth mode with plans for national expansion. Illegal Burger
has already established an approach that attracts customers focused
on mindful sourcing as well as those simply looking for a fun night
out.
The core of Illegal Burger's
approach is to offer burgers made with fresh, all-natural
beef that is never frozen. In addition, the beef is sourced from
suppliers who use no antibiotics or growth hormones. Each burger is
prepared to order and the menu includes such healthy options as
chicken dishes and salads. Those seeking plant-based options are
also well-served given that Illegal Burger's Vegan Burger won
a Denver Top Ten Vegan
Burger award.
Theoretically, any Bloomin' Brands operation could achieve
similar goals, but Illegal Burger is now taking things to the next
level with the addition of cannabidiol
(CBD)-infused menu items. CBD is
widely recognized for its healing and soothing properties and many
consumers prefer it in edible form. Having introduced its first CBD
menu item, the Illegal CBD Infused Burger Bowl, for the recent 420
celebrations, Illegal Burger has much more in store as it seeks to
meet its customers' desires for healthy eating.
To read the entire article visit www.customerthink.com/wcvc.
Market Comparisons indicate WCVC is highly
undervalued
Sales and share price of 7 fast food companies were analyzed and
compared to West Coast Ventures Group. Results indicate that West
Coast Ventures Group should be trading at over $.20 rather than the
current $.04. The reason for the undervaluation is clearly a
problem of lack of investor awareness. Once investors become more
familiar with WCVC, the price and trading volume are subject to
rapid valuation increases that are more in line with current market
valuations.
It should also be noted that the indicated $.20 market comp
price, could be revalued substantially higher than conventional
restaurant comps because WCVC growth from CBD edibles has the
potential to be several orders of magnitude higher than simply
being a fast food enterprise. West Coast Ventures Group owns the
fast-growing “Illegal Burger” franchise chain and the Mexican
Restaurant chain, “El Senor Sol” that are pioneers in the cannabis
edibles industry and is positioned to garner a substantial market
share in a booming industry. WCVC is also planning on offering
popular Illegal Pizza franchises.
Comparable Market Cap to Sales Ratios
Shake Shack (SHAK)
$492,000,000 $2,370,000,000
FAT Brands (FAT)
$19,000,000 $48,000,000
Jack in the Box (JACK)
$872,000,000 $2,230,000,000
Wendy’s (WEN)
$1,300,000,000 $4,600,000,000
Rave Restaurant Group $12,000,000 $44,000,000
Dunkin’Brands (DNKN)
$1,340,000,000 $6,500,000,000
Chipotle (CMG)
$5,000,000,000 $19,600,000,000
TOTAL $9,035,000,000 $35,392,000,000
The average share price ratio to sales for this group is 3.91 to
1.
WCVC reported 2018 sales of $3,054,623. The current ratio of
3.91 times $3,054,623 equals a fair market comp price for WCVC of
slightly over $.20 and does not give any weight to the fact that
they are a new venture with an unsaturated high-growth market. We
will save forecasting price projections for those better suited to
the task, but for now it is clear that WCVC shares are an
exceptional bargain at anything under $.20 with a strong potential
to see prices approaching $.50 in 12 months as franchise sales are
expected to be reported. Q1 2019 reported sales increased
over 21% from Q1 2018 from $690,759 to $839,615. Potentially
explosive franchise sales could ignite shares to record highs.
About West Coast Ventures Group Corp.
Based in Denver, Colo., West Coast Ventures Group Corp.
(WCVC)
develops, owns and operates two contemporary restaurant concepts:
Illegal Burger, a quick-casual burger + bar concept, and El Señor
Sol, a full-service fresh Mexican restaurant (6 total restaurant
locations in the Denver, Colorado area). Led by seasoned restaurant
entrepreneurs, WCVC management is committed to scaling both modern
sustainable concepts into national franchise models operating
metro-styled restaurants serving only the finest and freshest
natural ingredients.
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Disclosure: I/we have no positions in any
stocks mentioned, and no plans to initiate any positions within the
next 72 hours.
SOURCE: BioResearch Alert Seeking Alpha