WCVC Expands in $780 Billion Fast Casual Dining Sector With New Illegal Burger Location and Cannabis-themed Restaurant Partner
November 08 2018 - 9:29AM
InvestorsHub NewsWire
Denver, CO -- November 8, 2018 -- InvestorsHub NewsWire -- West
Coast Ventures Group Corp. (WCVC) ("Company"), parent company of
fast-casual dining concept Illegal Burger, offering hand-crafted
burgers + bar and fast-casual Mexican restaurant chain El Senor
Sol, announced today that it has opened its
fifth Denver area Illegal Burger location at 652 S.
Colorado Blvd in Glendale, Colorado. The fast-casual sector
currently accounts for approximately $780 billion in annual
sales.
The total completion time for this location from signing the
lease to opening for business was only 90 days. This is in line
with Illegal Burger's Rapid Restaurant Buildout Model which allows
the company to get new locations up and running quickly. This model
combines its commitment to sustainable design with a modular
approach which results in a lower buildout cost and a greater speed
to revenue for each new location. This approach shortens the
journey from the initial investment to profitability and will
likely become the preferred model for the restaurant industry in
the future.
Commenting on the new location, WCVC Founder and CEO Jim
Nixon said, "We are delighted with the speed of the buildout
of this new location and further proving the value of our Rapid
Restaurant Buildout Model. And for the short time this location has
been open, we are pleased that the revenue run rate is exceeding
our projections. We believe that our pioneering approach will bring
incredible additional value to our customers and shareholders."
The Company is also optimistic about the prospects for its
concept cannabis themed restaurant partnership recently announced
with North American Cannabis Holdings, Inc. (USMJ) ("USMJ"). USMJ last week
announced the spinoff of its AmeriCanna Cafe restaurant business.
USMJ management remains in control of the spinoff company now
independently listed under the ticker symbol USOTC:
PJET. USMJ shareholders are receiving a dividend of PJET stock
as part of the spinoff transaction. WCVC management is considering
an equity stake in the AmeriCanna Cafe to potentially include a
stock dividend to WCVC shareholders similar to the pending stock
dividend planned for USMJ shareholders.
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 (5
restaurants 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.
Forward-Looking Statements
This document may contain forward-looking statements, relating
to West Coast Ventures Group Corp operations or to the environment
in which it operates, which are based on West Coast Ventures Group
Corp operations, estimates, forecasts and projections. These
statements are not guarantees of future performance and involve
risks and uncertainties that are difficult to predict, and/or are
beyond West Coast Ventures Group Corp control. A number of
important factors could cause actual outcomes and results to differ
materially from those expressed in these forward-looking
statements. Consequently, readers should not place any undue
reliance on such forward-looking statements. West Coast Ventures
Group Corp disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
For more information:
https://www.westcoastventuresgroupcorp.com/
James Nixon
investor@illegalburger.com
+1(303)995-7526
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