Morning Ryano... I am just guessing that the following statements from that PR mean that we are "managing" the Big Chow Grill in a manner that will allow us to get the restaurant presentable to a potential franchisee on paper. By making changes to it's operations such as better purchasing power, joint advertising and choice of media, support services, greater revenues, etc., the business will look better to a franchisee.
"James Boyd, President and CEO of EEDG said, "This agreement gives us our first franchisable platform. Management expects this agreement to provide enhanced and scalable revenues to EEDG through our wholly owned subsidiary, GWMC, as a result of collected franchise fees and weekly royalties. It has always been EEDG's intention to manage and develop a broad portfolio of restaurant concepts that will benefit and enhance the value of our company."
The Master Franchising Agreement, which is pending while the required franchise disclosure documents and state registrations are acquired, also requires GWMC to provide an array of management and support services, both to existing and future Big Chow Grill company and franchise locations."
I am not sure if RBBI will actually be able to show revenues from a percentage of BCG revenue as much as possibly a fee for managing the restaurant(s) and various support services. The big revenues will be generated from franchise fees and royalties.
