Quality Restaurant Ventures to Expand Franchising of New Sobiks Cafe ConceptadvertisementRelated information E-mail this article Print-friendly versionStocks mentioned in this articleQUALITY RSTRNT VNTRS INC(QRVI) Quote, Chart, News ULTIMATE FRANCHISE SY NEW(UFSM) Quote, Chart, News FAMOUS FOOD GROUP INC(FFDG) Quote, Chart, News
All PRNewswire NewsHEATHROW, Fla., June 30 /PRNewswire-FirstCall/ -- Quality Restaurant Ventures Inc. (OTC Pink Sheets: QRVI) reported today that its newest concept, Sobiks Cafes, has surpassed its initial first year sales and operational expectations. This is the first announcement concerning the addition to QRVI's flagship brand, Sobiks Sub Shops, and provides QRVI with a new franchising product that requires less space than a traditional stand-alone restaurant.
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"We've found a new restaurant franchising niche that we expect to aggressively promote," reported QRVI President Dan Patterson. Sobiks Cafes have been designed to be placed in downtown office buildings and suburban commercial centers with a minimum of 90% occupancy. There are currently three Sobiks Cafes with additional locations under construction and in negotiation.
Quality Restaurant Ventures Inc., along with its affiliate company, Ultimate Franchise Systems Inc. (OTC Pink Sheets: UFSM), identifies and prepares emerging restaurant concepts with high growth potential for transition to franchise opportunity businesses. The two companies first acquire significant interest in a franchise system, then consolidate and unify their legal, accounting, marketing and purchasing systems. This establishes a more significant infrastructure to achieve long-term growth and competitive strategies.
Ultimate Franchise Systems, Inc. currently has investments in approximately 600 franchised restaurants in 30 states throughout the United States. Quality Restaurant Ventures affiliates include Westshore Pizza, with over 50 locations, and Uncle Al's Famous Hot Dogs (OTC Pink Sheets: FFDG), with approximately 15 locations.
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities and Exchange Act of 1934 and is subject to the safe harbor created by these sections. Ultimate Franchise Systems Inc., Obee's Franchise Systems Inc. and Quality Restaurant Ventures Inc. assume no obligation to update the information contained in this press release. Certain information included herein may contain statements that are forward-looking, such as statements relating to plans for future expansion and other business development activities, as well as operating costs, capital spending, financial sources and the effects of competition. Such forward-looking information is subject to changes and variations that are not reasonably predictable and that could significantly affect future results. Accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Companies.
CONTACT: Dan Patterson, Quality Restaurant Ventures Inc., 407-333-8587
Web site: http://www.ufsi.net