PALM BEACH, Florida, October 24, 2017 /PRNewswire/ --
Recent strong gains in the labor market on the back of a steady rise in wages will likely encourage consumers to dine out more. With these expectations in mind, restaurateurs are undertaking various sales and initiatives to enhance guest experiences and, in turn, increase revenue growth potential on hopes of attracting more customers. With recent IPO's, the newest players in the market, the increase in the demand of fast food in particular has introduced new concepts like 'take away' or eating better tasting and higher quality food on the run concept. Active in the market today includes: FAT Brands Inc. (NASDAQ: FAT), West Coast Ventures Group Corp. (OTC: WCVC), Shake Shack Inc. (NYSE: SHAK), Sonic Corp. (NASDAQ: SONC), Red Robin Gourmet Burgers, Inc., (NASDAQ: RRGB).
West Coast Ventures Group Corp. (OTC: WCVC), which wholly owns fast-casual dining concept ILLEGAL BURGER, has unveiled two new websites as part of a recent digital rebranding campaign for both companies. The new online portals support WCVC's mission to provide its entrepreneurs with the resources necessary to stand out in today's crowded digital marketplace. "By launching both websites in tandem, we continue to extend our reach to an ever-widening audience," said James Nixon, Chief Executive Officer of WCVC and ILLEGAL BURGER. Read this and more news for WCVC at: http://www.marketnewsupdates.com/news/wcvc.html
"We believe these innovative mobile-responsive sites will provide our current clients with relevant and engaging content while attracting new customers through a revamped digital platform." ILLEGAL BURGER https://www.illegalburger.com. The Burger + Bar eatery's newly redesigned website offers customers quick and easy access to information about ILLEGAL BURGER's always-fresh ingredients, updated menu options, and location contact information. As part of the update, hungry patrons can now place convenient online orders at any of the brand's four Denver restaurants.
West Coast Ventures Group Corp. http://www.westcoastventuresgroupcorp.com - WCVC's new website has a clean, uncluttered design, simple navigation, and audience-rich content focused on the company's investors; potential investors and potential future business partners. The website will be updated regularly with news of future partnerships, business activity, and investor and financial information.
West Coast Ventures announced last week it has completed a reverse acquisition and now solely wholly owns and operates fast-casual dining concepts ILLEGAL BURGER and El Señor Sol. "We couldn't be more excited to move to the next step of the process with West Coast Ventures Group," said James Nixon, Chief Executive Officer of WCVC and ILLEGAL BURGER
"Becoming a public company is going to help propel us into a national brand, this reverse takeover will place us in an even stronger position to branch out into new markets." ILLEGAL BURGER, a fast-casual Burger + Bar dining concept, prides itself on its all-natural, never frozen, antibiotic and hormone free ingredients; homemade sauces; and fresh-baked buns. Every location includes a full bar and blends up adult milkshakes whirred to order. ILLEGAL BURGER is in line to expand into the national marketplace as a leader in the fast-casual dining sector. After this reverse acquisition, the combined company plans to raise enough equity to open new locations outside of Denver and intends to begin the process to become a franchisor of ILLEGAL BURGER restaurants in the near future.
In other industry developments and events of note:
FAT Brands Inc. (NASDAQ: FAT), a leading global franchising company that strategically acquires, markets and develops fast casual and casual dining restaurant concepts around the world, rang the opening bell at the Nasdaq MarketSite in Times Square yesterday in celebration of its Regulation A+ initial public offering (IPO) on The Nasdaq Stock Market. FAT Brands currently operates the Fatburger, Buffalo's Cafe, Buffalo's Express and Ponderosa and Bonanza Steakhouse restaurant concepts, with more than 300 locations open and 273 under development with an overall footprint in 18 countries. They utilize an asset light franchisor model, which minimizes restaurant operating company risk, such as long-term real estate commitments or capital investments. FAT Brands has a scalable management platform that enables them to add new stores and restaurant concepts to their portfolio with minimal incremental corporate overhead cost, while taking advantage of significant corporate overhead synergies.
Shake Shack Inc. (NYSE: SHAK) Evolves the In-Shack Experience at Astor Place, NYC - A reflection of Shake Shack's relentless focus on excellence, experience and hospitality through innovation, the Astor Place Shack planned on introducing a new guest flow at the restaurant. Set to open its doors in early October at 51 Astor Place on the corner of 9th Street and 3rd Avenue, the Shack is designed to enhance operations and guest experience and will feature kiosk-only ordering, a cashless environment, and an optimized kitchen for greater throughput. Custom-designed by Shake Shack, the Shack kiosk was developed to allow Shake Shack to serve more guests at peak times - whether in-Shack, for pickup via the Shack App, or even delivery - resulting in fewer lines, less wait time and quicker speed of service at every channel.
Sonic Corp. (NASDAQ: SONC), the nation's largest chain of drive-in restaurants, this month announced results for its fourth fiscal quarter ended August 31, 2017. - Sonic Fiscal 2017 Earnings per Share Increase 12% Driven by Refranchising Gains and Asset Sales - Read the full report at https://finance.yahoo.com/news/sonic-fiscal-2017-earnings-per-201400525.html
Red Robin Gourmet Burgers, Inc., (NASDAQ: RRGB), a casual dining restaurant chain focused on serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, yesterday announced that it will release results for the quarter ended October 1, 2017, on Monday, November 6, 2017. The Company will host a conference call to review financial results on Monday, November 6, 2017, at 5:00 PM ET. The conference call can be accessed live over the phone by dialing (877) 723-9521, or for international callers (719) 325-4765. A replay will be available from two hours after the end of the call and can be accessed by dialing (844) 512-2921 or (412) 317-6671 for international callers; the conference ID is 3106139. The replay will be available until Monday, November 13, 2017.
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