But I keep going back to a point I've made repeatedly. There's nothing proprietary about this concept, the Giggles n Hugs brand has no value because there's only two locations in one city, and mall owners would cut the same deal to anyone who came to them with this concept. All they'd have to do is show them Giggles' per restaurant numbers.
If someone has $10mm he would be better off opening his own restaurant chain. Could open 15 locations across the country to start and franchise the rest. It would put GIGL out of business instantly.
Clearly Philip Gay isn't able to bring any value to the table other the credibility...in terms of using his connections, though, so far nothing.
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