Replies to post #22 on The Grilled Cheese Truck Inc. (fka GRLD)

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But latest 10-Q says: "We generated revenue from retail sales through nine company operated food trucks and two trucks operated by third-party licensees. We added five (5) Company trucks and one (1) licensed truck in the fourth quarter of 2013 and have maintained this level during the first nine-months of 2014. We have also finalize an area licensing arrangement during the third quarter of 2014. All trucks are rented or leased.

For our company operated trucks, we receive 100% of reported revenue and bear all associated costs. On licensed trucks, we collect 6% of gross revenue of the third-party licensees. We intend to expand and generate revenue from additional company trucks, company stores, third-party license agreements at airports, stadiums, malls and other locations, as well as franchise revenues, to consist primarily of royalties based on a percentage of sales reported by franchise revenue and franchise fees paid by franchisees, as well as the development of Company operated and the acquisition of grilled cheese stores. However, we cannot provide any assurance or guarantee that we will be able to implement our expansion of food trucks and stores or collect any royalties based on a percentage of sales reported by licensees or franchisees."

[bar1080]

But this says they had 14 trucks more than a year ago.

"A group of investors, including Goldstein, bought the company in 2013. The Grilled Cheese Truck got its start in California in 2009. It's grown from two trucks in 2009 to 14, now driving around cities in California, Arizona and Texas."

"Goldstein said. It expects to have a set of accredited investors by the end of April. Franchise fees will be $25,000."

http://articles.sun-sentinel.com/2014-01-29/business/fl-the-grilled-cheese-truck-20140129_1_food-trucks-cheese-truck-south-florida

January 29, 2014 By Miriam Valverde, Sun Sentinel