WCVC Featured As Leader In $780 Billion Fast Casual Dining Sector With Cannabis Themed Restaurant Accelerator

New York, NY -- June 4, 2019 -- InvestorsHub NewsWire -- via www.nextbigticker.com -- West Coast Venture Group, Corp. (OTCQB: WCVC), was recently featured as the subject of a restaurant invesement article. WCVC, with its Illegal Burger marquee restaurant operation, is headquartered in cannabis friendly Denver, Colorado with over $3 million in annual sales from its six restaurants. The article excerpt is included below and the entire article can be viewed clicking here.

West Coast Ventures Group Corp.

A relative newcomer compared to Wendy’s Company and Dunkin Brands Group, West Coast Ventures Group Corp. (OTCMKTS: WCVC), founded in 2011, is the parent company of fast-casual dining joint Illegal Burger and Mexican restaurant chain El Senor Sol. The fast-casual concept is the innovative trend that is driving the growth of the whole restaurant industry.

The fast-casual concept is born at a time when consumers are no longer keen about spending too much for fine dining but at the same time, they want something new as an alternative to fast food chains. Essentially, fast-casual locations offer a quick and cheaper option while serving healthier and sustainable menus.

A recent estimate pegged annual sales from the fast-casual segment at $780 billion. According to Joe Pawlak, managing principal with Technomic, the fast-casual dining has exceeded the growth of other segments of the restaurant industry. This particular sector is believed to increase by 7.5 percent this year. To compare, fine dining is only expected to grow 2.7 percent while fast-food chain and family restaurants will see a 3.5 percent and 1.8 percent rise, respectively. Technomic is a research and consulting firm servicing the food and foodservice industry.

In November 2018, West Coast Ventures Group Corp. opened its fifth Illegal Burger in Denver, Colorado as part of a strategic growth plan. The company is investing $500,000 quarterly to open three new locations in order to grow its annual revenue between $800,000 and $1 million per location. Thanks to this, WCVC is seeing a total increase of $4 million to $6 million in annual revenue, on top of its average $3 million annual revenue at present.

To boost this growth plan, WCVC has also begun opening its franchising system, aside from its acquisition and development of under-valued restaurant properties.

West Coast Ventures Group Corp. is not stopping with the fast-casual concept for its different brands. It is also planning a concept cannabis-themed restaurant together with North American Cannabis Holdings (OTC: USMJ).

The company’s plan for the cannabis restaurant came at the most opportune time. The breakthrough passage of the 2018 Farm Bill which legalizes hemp at a federal level is expected to boost the U.S. CBD market to $3 billion by 2021 and more than $200 billion by 2022.

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