According to the LOI, GMPR will buy 51% of the existing Florida Black Rock Bar & Grills with locations in: Tampa, Brandon, Fort Lauderdale, Orlando.
Gourmet Provisions International Corp (OTCMKTS:GMPR)
PITTSBURGH, PA, USA, September 3, 2021 /EINPresswire.com/ — Gourmet Provisions International Corporation(OTCPK: GMPR) today announced they have signed a Letter of Intent to purchase: the master franchising rights for the state of Georgia & Western Pennsylvania; controlling interest in the four existing Florida based Black Rock Bar & Grills; controlling interest in two of the existing Michigan based Black Rock Bar & Grills.
According to the LOI, GMPR will buy 51% of the existing Florida Black Rock Bar & Grills with locations in: Tampa, Brandon, Fort Lauderdale, Orlando and will purchase controlling interest in two of the Michigan locations, including all of the assets, debts, service contracts and revenues. The combined total 2020 covid-19 reduced revenues of the Florida based Black Rock’s and two Michigan locations were impressively in excess of $23MM. Black Rock Bar and Grill of Florida operates under 5 separate entities: The Parent company owns the master rights for the state of Florida .The next 3 Florida Black Rock locations are already in the development stage and future announcements will provide full details and accurate annual revenue potential of an additional $10MM+ in revenues, bringing the projected annual revenues to approximately $33MM+.
Paul Samson President stated,
”We look forward to partnering and working with Gourmet Provisions. We are excited about the opportunity of a single funding solution and expertise to bring the opportunity for Black Rock Florida to grow throughout the region.” James Vowler President & CEO of Gourmet Provisions International Corp. stated, “Our entire brand from its conception in 1995 has been based on Unique ideas in the food Industry and Gourmet superior products that outperform the rest of the food industry, the Black Rock brand checks all of those boxes. They bring out Gourmet quality food on a very hot and Unique stone making the customer’s dining experience a one of a kind! The opportunity to partner with Paul and Black Rock Florida was an easy one, this acquisition will immediately add $23 million+ to our bottom line revenues and will be an important catalyst to build shareholder equity as we work towards up listing to NASDAQ."
About Black Rock Bar & Grill:
Where the Sizzle all Began. It all started on October 27, 2010 in Hartland, Michigan, a small town in a very tightly bonded-community.
Black Rock Bar & Grill opened its doors and brought with it a dining experience unlike any other. By pairing family recipes, a 755-degree volcanic stone, and a love for food, the Morganroth family knew they were a perfect fit for the restaurant industry; however, they had no prior restaurant experience, working only off their dream of what Black Rock could become.
With a very determined family and help from the community, Black Rock grew into something remarkable. Voted the #1 steakhouse in Michigan for three consecutive years, the family in 2013 entered a nationwide competition to be named “America’s Next Top Restaurant Franchise” and won first place! Today, Black Rock is expanding across the nation. We are home grown, and soon to be nationally known.
Black Rock Bar & Grill, an award-winning steakhouse specializing in Certified Angus Beef ® steaks served and cooked to perfection by you on a 755-degree volcanic sizzling rock. Our concept ensures that every bite is just as hot and juicy as the first, and is always cooked just the way you like it!
This method of cooking is the newest phenomenon in the culinary world. It creates a memorable dining experience, making Black Rock the ideal restaurant for special occasions, as well as for everyday dining with friends and family.
Visit Black Rock Bar & Grill website: https://www.blackrockrestaurants.com/
About Gourmet Provisions International Corporation:
Gourmet Provisions International Corp. brought on Jack Brewer as GMPR’s Brand Ambassador & Brewer Media & Entertainment Group in October of 2017. Brewer Media Group was brought on to help build all aspects of the many Gourmet brands. With a primary focus on the increase of online and retail sales, social media presence and overall content, public persona and awareness, acquire acquisition opportunities and much more. The company has five wholly owned subsidiaries Jose Madrid Salsa, Pizza Fusion, Unique Tap House, Unique Foods CBD Edibles & PopsyCakes and has a Licensing agreement with Christopher Street Products.
Gourmet Provisions International has also developed a partnership with a NY Times Best Selling Author & Popular Comedian to help establish and launch a Gourmet line of food products starting with his own personal line of Pancake Mix & Syrup all under his custom brand(exciting full details coming in a press release soon).
Pizza Fusion Gourmet Provisions International Corp. acquired the multi award winning Pizza Fusion brand, with existing locations in the US & Saudi Arabia, in March, 2019.In 2006, Pizza Fusion changed the pizza industry with its award winning organic, gluten-free delicious healthy pizzas, with a big emphasis on every product and location keeping to the company’s motto ‘Saving the Earth one Pizza at a Time!’.
Gourmet Provisions International Corp:http://www.GourmetProvisionsInternational.com
Jose Madrid Salsa: http://www.JoseMadridSalsa.com
Christopher Street Products: https://i09321.wixsite.com/christopherstreetnyc
Safe Harbor Act: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward- looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions. There are no financials in this press release so this is not needed and undermines the release.
For Gourmet Provisions International Corp. Investor Relations contact: InvestorInformation@UniqueFoods.Co
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Source: EIN Presswire