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Giggles N' Hugs, Inc. (GIGL)

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Last Post: 8/19/2017 9:08:20 PM - Followers: 358 - Board type: Free - Posts Today: 0



 
 
Share Structure   https://www.otcmarkets.com/stock/GIGL/profile 

Authorized Shares 1,125,000,000 a/o April 11, 2017  

Outstanding Shares 134,372,251 a/o April 14, 2017  O/S Updated on 10k    GIGL News: Annual Report (10-k) 

-Restricted 37,120,983 a/o April 5, 2017 

-Unrestricted 96,601,268 a/o April 5, 2017



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Los Angeles-based Giggles N' Hugs, Inc. (GIGL) is a first-of-its-kind, award-winning family restaurant and play space that combines organic gourmet food with the play elements for children in a 2500-square-foot play space in the middle of the restaurant. The concept is similar to Chuck E. Cheese, but offers a unique healthier, high-end version for health conscious parents and families. Parents eat and relax while the kids have an incredible time playing in the custom-made play area with giant climbers, dragons, castles, pirate ships slides and swings and a multitude of other toys.

In addition to nightly shows and concerts, every 30 minutes Giggles N' Hugs provides an activity such as face painting, disco dance parties, karaoke, games, arts and crafts, and much more. Giggles N' Hugs has been voted the No. 1 family restaurant, No. 1 birthday party place, and the No. 1 indoor play space in all of Los Angeles, and has attracted a star-studded list of customers including Sandra Bullock, Heidi Klum, Jessica Alba, Halle Berry, Jennifer Garner and Ben Affleck, Denis Quaid, Mark Whalberg, Adam Sandler, Dustin Hoffman and many more.

Revenue is derived from several sources, including food and beverage sales, beer and wine, birthday parties (40%), admission and membership fees to play, along with retail sales. These revenue-generating locations are also highly sought-after tenants. The company currently has three locations in the top premier malls around Los Angeles; four of the largest mall owners in the country are giving Giggles N' Hugs up to 75% discounts on rent and providing upward of $700,000 of upfront cash for each location to get Giggles N' Hugs into their malls around the country.

Growth and recognition of this caliber are driven by a very powerful management team. Giggles N' Hugs President John Kaufman was the COO at California Pizza Kitchen when the founders had just two locations. Joined by Giggles N' Hugs' CFO Phillip Gay, who at the time was CFO of California Kitchen, Kaufman grew the company from two to more than 100 locations – at which time it was bought by Pepsi Co. Kaufman was recruited as president of Koo Koo Roo Chicken, one of the fastest growing fast-casual concepts on the west coast, while Gay joined Wolfgang Puck Restaurants group as CFO, eventually becoming the CEO.

Giggles N' Hugs was founded as a truly "kid friendly" establishment catered specifically to the size, interests, and nutrition needs of children. Since opening its first Giggles N' Hugs in 2009, the company has received a steady stream of interest from more than 300 interested parties looking to expand the concept – via franchise or master licenses – in the U.S. as well globally in countries such as Germany, England, Dubai, Russia, Colombia, Australia , Singapore, Turkey, among the many more.

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Investment Highlights

  • High Quality Organic Food
    One-of-a-Kind in Niche Demographic
    Entertainment & Party Functionality
    Multiple Revenue Drivers
    Increasing Financial Performance
    Highly Trained, CPR-Certified Staff
    Mall Operator Cooperation & Incentives
    Voted the #1 birthday party place in Los Angeles by Nickelodeon
    Voted "Best Pizza in Los Angeles" by Nickelodeon
    Voted "Best Indoor Playspace" by Red Tricycle (redtri.com)
    Listed best family & kid-friendly restaurants by CitySearch & GoCityKids

 


Restaurant Specifics

Giggles N' Hugs was founded to fill an unmet need for true "kid friendly" dining with high-quality healthy food options and a fun and themed entertaining environment. The result is the first- and only- of-its-kind restaurant with a sweeping menu of great tasting and organic food for both children and adults, as well as a variety of entertainment, catering and birthday party options.

 

Menu

Giggles believes the combination of fresh, organic and healthy ingredients prepared by quality chefs makes for a fantastic dining experience.

Food prepared by Giggles uses locally grown produce and organic ingredients when available. When it comes to meat, the company's beef comes from grass-fed, hormone/antibiotic-free cows and it uses only all-natural chicken. Breads are made fresh daily by local artisan bakeries who also use the finest ingredients available.

Giggles' cooks prepare all menu items from scratch daily to deliver the freshest meals possible, making all dressings, sauces and marinades in-house using fresh herbs and ingredients, and cooking only with trans-fat free canola oil and extra virgin olive oil when necessary. Delicious in-house desserts are also baked in house.

Adult menu items include a variety of appetizers, salads, pastas, entrees, paninis and sandwiches, specialty pizzas, custom pizzas, specialty burgers and custom burgers with gluten-free, vegetarian and non-dairy options. The kid's menu includes entrees, pasta, pizza and little bites, also with gluten-free, vegetarian and non-dairy options.

Giggles' extensive menu also features adult and kid's breakfast menus as well as smoothies and alcoholic beverages.

 

Birthday Parties

Giggle's award-winning, one-of-a-kind birthday parties are filled with nonstop excitement and exercise, set inside its dazzling 6,000 foot family restaurants and playspaces. When you throw a party at Giggles, every single detail is taken care of so the customer can enjoy the day completely, secure in the knowledge that an award-winning, professional staff is handling setup, cleanup, and everything in between.

Kids can choose from a variety of themes, including superhero themes for both boys and girls, princess themes, pirate and mermaid themes, cartoon pups themes, jungle themes, dinosaur themes, candyland themes, rock star themes, and so much more!

Birthday packages include all the workings of a good party, including food, beverages, fresh dessert, activities, return passes, themes and a large number of guests at an affordable price. Here's how Giggles' birthday parties stack up against other local venues:

 


Financial Performance

Giggles N' Hugs is structured to benefit from multiple revenue drivers that generate attractive store-level profitability opportunities:

  • Admission fee for play area access
    Food and beverages
    Birthday parties and private rentals
    Child drop-off service
    Beer and wine
    Branded in-store and retail outlet merchandising via licensing and merchandising model
    U.S. and international franchising

Giggles opened its first Giggles N' Hugs restaurant in Brentwood, California, in February 2008. The restaurant was an immediate success that enjoyed profitability and widespread media coverage.

Westfield approached the founders with an expansion proposal, including a possible nationwide rollout. In 2010, Giggles opened its second restaurant in the Westfield Century City Mall, with the mall agreeing to pay 60% of construction costs, with additional concessions. By 2011 reported revenues of $1.1 million. By 2013, the company reached sales of $2.3 million, and 2014 full-year revenue increased 48% to a record $3.3 million.

Today, Giggles has three locations with double-digit revenue growth. First-quarter 2015 revenues of $0.9 million were up 11.7% compared to the year prior. The company also decreased total costs and operating expenses by 6.9% year-over-year, and cut long-term liabilities 3.8% from year-end 2014 to $1.7 million.

 


Market Opportunity & Expansion Goals

Giggles has been featured in numerous popular media outlets, attesting to the company's growing brand recognition. This press coverage includes New York, People, Bloomberg Business Week, examiner.com, Entrepreneur, The Herald Sun, OK!, US Weekly and more. Further validated by its growing popularity and financial performance, Giggles has defined an expansion strategy inclusive of industry trends.

Industry

While fast food restaurants offer cheap food in cookie-cutter buildings, theme restaurants offer a good meal along with a unique experience. According to NPD CREST research, kids are eating more healthful food options than ever before, while other studies show that children aged five years or younger are most likely to influence restaurant visits.

The average visitor stay at a family entertainment center is 2.5 hours, and they typically visit up to six times per year.

Giggles also fills a significant unmet need in the market and addresses the top trends shaping the evolution of the broader restaurant industry. According to a year-end survey by the National Restaurant Association that polled more than 1,000 chefs across the U.S., these trends include locally-sourced meats, seafood, and produce, environmental sustainability, more natural ingredients, less processed foods, and healthier kid's meals.

Expansion

Leveraging the above-mentioned and other industry drivers, Giggles and hugs has set forth a nationwide expansion strategy. The company's interest is shared by large mall operators who have expressed keen interest in rolling out the Giggles concept nationwide.

In addition to its California presence, Giggles is exploring longer-term target markets including Seattle, Washington, Vancouver, B.C., San Francisco, California, and the East Coast. Giggles is also evaluating multiple franchise requests from around the United States and the world.

Giggles is in negotiations with major mall owners in the country and has set a goal of expanding to 12 company-owned locations by the end of 2017, in addition to exploring franchise opportunities.

To execute its expansion goals, Giggles continues to strengthen its management team, most recently adding a new chief business development officer, as well as interim-president – both of which have impressive resumes in terms of driving growth with the California Pizza Kitchen chain.

 


Management

Growth and recognition of this caliber are driven by a very powerful management team with the experience and know-how to continue the company's powerful momentum.

 

Joey Parsi, Founder, President, & Director

Joey Parsi had a long and successful career as an investment manager and entrepreneur. He had a 20+ year career working on Wall Street for Lehman Brothers, Sutro and Company, and Prudential Securities. Parsi previously served as an investment advisor for Lehman Brothers; senior vice president at Sutro and Company, where he managed and oversaw millions of dollars for individual and institutional investors specializing in IPOs and technology equities; and worked at Prudential Securities where he oversaw client assets in a number of investments.

In 1998, Parsi opened Barron Chase and was able to expand the company to more than 30 employees. In total, Parsi and his team raised more than $30 million in funding for nine separate companies, many of which are now publicly traded on the NASDAQ markets. After liquidating the business in 2001 he joined TD Waterhouse, where he personally managed more than $350 million in assets for clients, and oversaw more than $1 billion in assets in his region. Parsi then went on to found Giggles in 2008.

 

John Kaufman, President

John Kaufman was the COO at California Pizza Kitchen when the founders had just two locations and grew the company along with Philip Gay as CFO to over 100 locations. Pepsi Co. bought the pizza chain at this point, and Kaufman was recruited to become president of Koo Koo Roo Chicken, one of the fastest growing fast casual concepts on the west coast.

 

Philip Gay, CFO

Philip Gay was previously the CEO at the Daily Grill restaurant group, a publicly traded Restaurant concept with 50 locations throughout the country. Prior to that, Gay was CFO at California Pizza Kitchen, growing the concept along with John Kaufman as COO from two stores when he started to over 100 when he left after the company was sold to Pepsi Co. He joined Wolfgang Puck Restaurants group as CFO eventually becoming the CEO.

 

Sean Richards, COO

Sean Richards joined Giggles in 2010, bringing with him more than 20 years of operations management experience. He previously managed and ran operations for Pink Taco restaurants, Hard Rock, House of Blues and Hooters casino among other national brands.

 

Joan Barnes, Advisory Board Member

Joan Barnes is the founder and former CEO of Gymboree, which is the largest clothing retailer in the nation for kids. She has been instrumental in helping us with Giggles' merchandising and licensing which she in essence pioneered some 30 years ago when she licensed the Gymboree brand. With Barnes' help, Giggles is rolling out a variety of products for kids including, branded clothing, branded toys, frozen foods, and other merchandising products.

 

Todd Star, head of real estate expansion

Todd Star was senior executive VP for Westfield USA, overseeing its west coast leasing operations for 14 years. He is a strong asset to Giggles as he leads expansion negotiations with several of the largest mall owners in the U.S., including General Growth Properties, Simon Property Group, and Westfield Group, who collectively own more than 500 properties worldwide.

 


Giggles N' Hugs
10250 Santa Monica Blvd., #155
Los Angeles, CA 90067
(310) 553 – HUGS (4847)
www.GigglesNHugs.com

 

 

 

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GIGL News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 08/17/2017 06:11:17 AM
GIGL News: Statement of Changes in Beneficial Ownership (4) 06/28/2017 05:13:13 PM
GIGL News: Statement of Changes in Beneficial Ownership (4) 06/22/2017 06:26:54 PM
GIGL News: Amended Statement of Changes in Beneficial Ownership (4/a) 06/22/2017 04:34:56 PM
GIGL News: Statement of Changes in Beneficial Ownership (4) 06/22/2017 04:23:12 PM
PostSubject
#24477  Sticky Note Updates: Giggles N’Hugs, Inc. - Queen of the OTC times2times2 06/14/17 02:01:11 PM
#22500  Sticky Note ~ GIGL~ POWERFUL && INFLUENTIAL WOMEN INVOLVED WITH $GIGL Thoth 05/31/17 09:25:11 AM
#22470  Sticky Note !!!HUGE NEWS OUT Phillip Gay nails down deal!!! John Kent 05/31/17 09:06:08 AM
#21540  Sticky Note !!Another Reason to Buy GIGL NOW!! John Kent 05/20/17 09:29:41 AM
#28277   Unfortunately any financing will have derivative toxic effects. Gator328 08/19/17 09:08:19 PM
#28276   If I can get pre approved for a ShawnyD 08/19/17 08:26:45 PM
#28275   Agreed. Hoping for a great expansion soon. Crazyjake27 08/19/17 04:21:50 PM
#28274   Thanks for posting the link, C. Jillian LongCA 08/19/17 04:15:18 PM
#28273   Didn't get all I wanted but got 10k Malone 08/19/17 03:57:38 PM
#28272   We need more location not tweets. Until then Crazyjake27 08/19/17 03:48:34 PM
#28271   Jillian talks Giggles n Hugs on Cheddar at 5min. Coyoteman 08/19/17 03:39:10 PM
#28270   I will be here for the eventual expansion shadowdoc1 08/19/17 01:54:41 PM
#28269   That is a great review, and there are LongCA 08/19/17 12:34:44 PM
#28268   Why is Bahrain on the table? I was OilPatch 08/19/17 12:26:03 PM
#28267   Kaufman and Gay seem to be the ones OilPatch 08/19/17 12:24:30 PM
#28266   The Yelp reviews are what attracted me to Gator328 08/19/17 11:28:48 AM
#28265   https://www.yelp.com/biz/giggles-n-hugs-glendale First long post from "Maria R." Stock__Hawk 08/19/17 11:23:38 AM
#28264   Yep, a recipe for success imo FUBAR 08/19/17 11:06:40 AM
#28263   tis my favorite quote from Baron Rothschild "The Stock__Hawk 08/19/17 11:05:28 AM
#28262   I don't know what good Jillian's tweets would Gator328 08/19/17 10:20:06 AM
#28261   We need Jillian to start tweeting a lot gemmerling 08/19/17 10:12:08 AM
#28260   Not filing on time certainly hurts the short Gator328 08/19/17 10:09:45 AM
#28258   Maybe IMO not filing on time is hurting gemmerling 08/19/17 09:54:52 AM
#28257   I don't study charts. I know how to Gator328 08/19/17 09:43:59 AM
#28256   Wow never expected this huge drop in stock gemmerling 08/19/17 09:35:06 AM
#28255   I thought about that, too. And you're right Gator328 08/19/17 09:13:03 AM
#28254   93 employees via trading view pro Stock__Hawk 08/19/17 08:17:28 AM
#28253   Hey Thoth, any thoughts on recent price action? Gator328 08/19/17 08:06:42 AM
#28252   What worries me about this team Parsi has ThreeOneTwo 08/19/17 08:06:15 AM
#28251   I think there are many here who bought Gator328 08/19/17 06:09:16 AM
#28250   Well the market is oversold. I understand mariosmack 08/19/17 05:50:29 AM
#28249   Anyone else concerned by Sean Richards selling his Gator328 08/19/17 05:30:32 AM
#28248   Yeah I was just looking at that: mariosmack 08/19/17 03:20:31 AM
#28247   Oh hell no, I dumped mine a long mariosmack 08/19/17 03:08:22 AM
#28246   Yep, it's been a rough few weeks for Snizzle 08/19/17 02:20:07 AM
#28245   Yeah I thought about buying myself, but I mariosmack 08/19/17 01:32:59 AM
#28244   We will hope. hopeok 08/19/17 12:14:22 AM
#28243   News, plans, updates. Let's hope we get LongCA 08/19/17 12:12:49 AM
#28242   I'd like to see it filed, but what hopeok 08/19/17 12:04:35 AM
#28241   I did. Looking forward to the 10Q. LongCA 08/18/17 11:54:43 PM
#28240   Hi LongCa no I wish wasn't at the Eagle1 08/18/17 11:53:28 PM
#28239   Eagle! Were you able to add today? LongCA 08/18/17 11:52:19 PM
#28238   Gosh I hope so FUBAR 08/18/17 10:19:45 PM
#28237   And we have special K waiting for us hopeok 08/18/17 10:19:17 PM
#28234   Hey, Back at you. hopeok 08/18/17 10:01:08 PM
#28233   Hopeok, I feel your pain my friend. If FUBAR 08/18/17 09:56:34 PM
#28232   I would have added but I am married hopeok 08/18/17 09:36:08 PM
#28231   I still have a lot of hope for hopeok 08/18/17 09:29:10 PM
#28230   Yep. Agree FUBAR 08/18/17 07:17:36 PM
#28229   Nice. I tried for 4's but couldn't fill. FUBAR 08/18/17 07:17:24 PM
#28228   Same here, and I even got a few LongCA 08/18/17 07:05:10 PM
#28227   GIGL reset is complete any good news we Eagle1 08/18/17 06:47:41 PM
#28226   I added low 5's. I'm not sceered. Load FUBAR 08/18/17 06:42:10 PM
#28225   GIGL received the kiss of death today when bikaver 08/18/17 05:56:42 PM
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