Why Did Former Execs of California Pizza Kitchen Join this Microcap Stock?
California Pizza Kitchen, which today boasts more than 200 locations in 32 U.S. states and 13 international markets, traces its roots back to one location in Los Angeles in 1985. It was through the help of John Kaufman as COO and Philip Gay as CFO that the restaurant chain grew to more than 70 locations by the early 1990s. It was around this time that PepsiCo stepped in and took a majority stake in the operation.
Today, John Kaufman and Philip Gay are once again working together on another Los Angeles-based restaurant chain, Giggles N’ Hugs (OTCQB: GIGL). As the interim-president and chief business development officer respectively, Kaufman and Gay are set to repeat their past successes with this pioneer concept in the family-themed restaurant industry. GIGL fulfills a major void in the marketplace by bringing together a unique children’s play space with an organic and nutritious menu filled with high-quality items made from local fresh foods.
Rated among the best family and kid-friendly restaurants by CitySearch and GoCityKids and voted the #1 birthday party place in Los Angeles by Nickelodeon, Giggles N’ Hugs is a regular stop for celebrity clientele and their children. The growing chain has also garnered the attention of local and national press, with coverage in People, New York, Bloomberg Businessweek, Entrepreneur, US Weekly, and other national publications.
GIGL has also attracted other highly talented executives to its team. Joan Barnes, a member of the Company’s advisory board, is co-founder and former CEO of children’s retailer Gymboree, which she grew to more than 400 locations and a sale at 20x revenue ($1.8 billion).
The Company’s COO, Sean Richards, is another key member of the team, having joined GIGL in 2010 he brings more than 20 years of operations experience, hailing from management positions at House of Blues, Planet Hollywood, Hard Rock Café, Hooters, The Viper Room, and Pink Taco.
Together, the GIGL executive team is executing on expansion plans forecasted to grow company-owned locations more than 300% by the end of 2017.
With the proven draw of its unique concept, GIGL has negotiated significant discounts with major mall operators (Westfield, General Growth, Macerich Group) who are offering reduced rents and 60% or more of up-front construction costs, setting the stage for very strong margins as the Company expands.
Add in the potential for expansion via franchising, as well as revenue from branded merchandise, and you have the recipe for a significant increase in sales and shareholder value that could lead to big stock gains for early investors.
This is truly a ground floor opportunity for fast-acting investors. With experts at the helm who have proven track records at growing similar enterprises, this is a no brainer. Visit the GIGL stock page today to learn more about this exciting opportunity.
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