Ticker Symbol: GRLT
Web Site: www.GRILLiTinc.com
GRILLiT: Is This the Next Chipotle?
Taking inspiration from the successful Chipotle model, GRILLiT opened its first location in South Florida in 2011, its second in April 2013.
With consumer interest in healthier food choices and a growing demand for premium ingredients, fast casual restaurants are far outpacing traditional Quick Service Restaurants (“QSRs”). GRILLiT specializes in chef-inspired custom crafted rice bowls, pasta and wraps as well as salads. GRILLiT utilizes domestic growers and delivers healthy cuisine using only fresh proteins, such as never-frozen chicken and Angus beef. Restaurants offer an inviting and comfortable atmosphere with an open kitchen and contemporary, industrial design.
GRILLiT’s strategy is to capitalize on the growing fast casual market segment, and to fast-track the Company’s expansion via a public company vehicle in much the same way that Chipotle, Fiesta Restaurant Group (owner of Taco Cabana and Pollo Tropical), Panera Bread, and Yum Brands (owner of Kentucky Fried Chicken, Pizza Hut, Taco Bell) have recently done.
Both Chipotle and Fiesta have experienced significant increases in shareholder value from their inceptions as public companies…… GRILLiT is poised to achieve similar performance based on a comparative business model.
Take a Look at GRLT – Key Investor Points:
*In addition to its 2 corporate owned stores, GRLT signed 3 new franchisees in the past month alone. Management plans to have at least 21 corporate and 58 franchised locations operating within the next 5 years.
*GRILLiT, Inc. has the right leadership, concept and early wins to become the next major success story in fast casual dining.
*Investors will continue to benefit from upcoming corporate milestones including the opening of GRILLiT’s third corporate owned store.
*GRILLiT recently declared a 5 to 1 stock dividend specifically utilizing Rule144 restricted stock making sure long term shareholders benefit while keeping the structure of the current public float from being affected.
*GRLT’s stock chart shows a 52 week low of .11 and a 52 week high of $5.95 – Goldman Small Cap Research has the company rated as a speculative buy with a price target of $8.00.