Happy Belly's Via Cibo Announces the Signing of a Franchise Agreement for the Niagara Falls Region of Ontario
Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) has announced the signing of a franchise agreement for its Via Cibo brand in the Niagara Falls region of Ontario. This marks the first step towards the 15 new locations committed by Ontario area developer Scott Grandin. Via Cibo, acquired earlier this year, offers fast casual Italian street food.
CEO Sean Black highlighted the potential for growth in the Niagara Falls region, citing its vibrant community, engaged local economy, and bustling tourism industry. The company anticipates that the franchising program will drive both top and bottom line growth.
Happy Belly currently has 376 contractually committed retail locations across its portfolio of emerging food brands. The company is focusing on expanding its asset-light franchising model, with five restaurant brands currently having store locations under simultaneous construction.
Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ha annunciato la firma di un accordo di franchising per il suo marchio Via Cibo nella regione delle Cascate del Niagara, in Ontario. Questo segna il primo passo verso le 15 nuove sedi previste dallo sviluppatore dell'area dell'Ontario, Scott Grandin. Via Cibo, acquisito all'inizio di quest'anno, offre cibo street food italiano fast casual.
Il CEO Sean Black ha sottolineato il potenziale di crescita nella regione delle Cascate del Niagara, citando la sua comunità vibrante, un'economia locale attiva e un'industria turistica fiorente. L'azienda prevede che il programma di franchising stimolerà sia la crescita dei ricavi sia quella dei profitti.
Happy Belly attualmente ha 376 sedi commerciali contrattualmente impegnate nella sua gamma di marchi alimentari emergenti. L'azienda si sta concentrando sull'espansione del suo modello di franchising leggero, con cinque marchi di ristoranti attualmente in fase di costruzione simultanea.
Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ha anunciado la firma de un acuerdo de franquicia para su marca Via Cibo en la región de Niagara Falls, Ontario. Este es el primer paso hacia las 15 nuevas ubicaciones comprometidas por el desarrollador de la zona de Ontario, Scott Grandin. Via Cibo, adquirido a principios de este año, ofrece comida italiana de estilo street food casual.
El CEO Sean Black destacó el potencial de crecimiento en la región de Niagara Falls, citando su vibrante comunidad, una economía local activa y una bulliciosa industria turística. La compañía anticipa que el programa de franquicias impulsará tanto el crecimiento de ingresos como el de utilidades.
Happy Belly actualmente cuenta con 376 ubicaciones minoristas comprometidas contractualmente en su portafolio de marcas alimentarias emergentes. La empresa se está enfocando en expandir su modelo de franquicias de bajo costo, con cinco marcas de restaurantes actualmente en construcción simultánea.
해피 벨리 푸드 그룹 주식회사 (CSE: HBFG) (OTCQB: HBFGF)는 온타리오의 나이아가라 폭포 지역에서 비아 치보 브랜드에 대한 프랜차이즈 계약 서명을 발표했습니다. 이는 온타리오 지역 개발자 스콧 그랜딘이 약속한 15개의 새로운 위치를 향한 첫 걸음입니다. 올해 초 인수된 비아 치보는 패스트 캐주얼 이탈리아 스트리트 푸드를 제공합니다.
CEO 숀 블랙은 나이아가라 폭포 지역의 성장 잠재력을 강조하며, 활기찬 커뮤니티와 참여하는 지역 경제, 붐비는 관광 산업을 언급했습니다. 이 회사는 프랜차이즈 프로그램이 수익과 이익 모두의 성장을 이끌 것으로 예상하고 있습니다.
해피 벨리는 현재 계약적으로 약정된 376개의 소매 위치를 보유하고 있습니다. 이 회사는 자산 경량화 프랜차이즈 모델 확장에 집중하고 있으며, 현재 5개의 레스토랑 브랜드가 동시에 건설 중에 있습니다.
Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) a annoncé la signature d'un accord de franchise pour sa marque Via Cibo dans la région des chutes du Niagara en Ontario. Cela marque le premier pas vers les 15 nouveaux emplacements promis par le développeur de la région de l'Ontario, Scott Grandin. Via Cibo, acquis au début de cette année, propose de la nourriture de rue italienne en mode fast casual.
Le PDG Sean Black a souligné le potentiel de croissance dans la région des chutes du Niagara, citant sa communauté dynamique, son économie locale engagée et son industrie touristique florissante. L'entreprise prévoit que le programme de franchise stimulera à la fois la croissance des revenus et celle des bénéfices.
Happy Belly dispose actuellement de 376 emplacements de vente au détail contractuellement engagés dans son portefeuille de marques alimentaires émergentes. L'entreprise se concentre sur l'expansion de son modèle de franchise léger, avec cinq marques de restaurants actuellement en construction simultanément.
Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) hat die Unterzeichnung eines Franchise-Vertrags für seine Marke Via Cibo in der Region Niagara Falls, Ontario, bekannt gegeben. Dies ist der erste Schritt zu den 15 neuen Standorten, die der Entwickler der Ontario-Region, Scott Grandin, zugesagt hat. Via Cibo, das Anfang dieses Jahres erworben wurde, bietet italienisches Street Food im Fast-Casual-Stil an.
CEO Sean Black hob das Wachstumspotential in der Region Niagara Falls hervor und verwies auf die lebendige Gemeinde, die engagierte lokale Wirtschaft und die florierende Tourismusbranche. Das Unternehmen rechnet damit, dass das Franchise-Programm sowohl den Umsatz als auch den Gewinn steigern wird.
Happy Belly hat derzeit 376 vertraglich gebundene Einzelhandelsstandorte in seinem Portfolio aufstrebender Lebensmittelmarken. Das Unternehmen konzentriert sich darauf, sein asset-light Franchising-Modell auszubauen, wobei fünf Restaurantmarken derzeit gleichzeitig an neuen Standorten gebaut werden.
- Signed franchise agreement for Via Cibo in Niagara Falls region
- First step towards 15 new locations committed by Ontario area developer
- 376 contractually committed retail locations across Happy Belly's portfolio
- Five restaurant brands currently have store locations under simultaneous construction
- Expansion of asset-light franchising model
- None.
Toronto, Ontario--(Newsfile Corp. - October 10, 2024) - Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company"), a leading consolidator of emerging food brands is excited to announce it has signed a franchisee for the Niagara Falls region of Ontario for its Via Cibo brand, serving fast casual Italian street food made with the best traditional ingredients for those looking for fast, fresh food that respects tradition and comes from a chef driven culinary experience.
Via Cibo
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"When Via Cibo was acquired earlier this year, it had real potential to grow and become a real player in the Italian fast casual space. Our area developer Scott Grandin also saw this potential and immediately moved on the opportunity to become its Ontario area developer and committed to 15 new locations for the brand. Today we are very pleased to announce that in just 5 short months the first step towards those 15 locations has been taken with the signing of a new franchisee for the Niagara Falls region of Ontario," said Sean Black, Chief Executive Officer of Happy Belly.
"The Niagara Falls region has a growing and vibrant community, and a very engaged local economy that lends itself to the adoption of supporting local business. It has a bustling tourism industry, which attracts millions of visitors annually from around the world. Known for its breathtaking natural beauty, the area also boasts a vibrant local culture and thriving food scene. With a steady influx of international tourists seeking unique dining experiences, Via Cibo, an Italian restaurant offering authentic flavors would stand out as a premium option. Additionally, Niagara's close proximity to local vineyards and fresh agricultural products enhances the opportunity to create seasonal, farm-to-table Italian dishes. The combination of these factors makes Niagara Falls a promising market for Via Cibo."
"Our approach has always been to focus on the development and growth of emerging brands in the food sector. Via Cibo fits that criteria and we look forward to continuing its growth and expanding its footprint not only in Ontario but in Western Canada as well. It is anticipated that our franchising program will continue to drive both the top line and bottom line of the company."
"With 376 contractually committed retail locations from area developers across all emerging brands in the Happy Belly Portfolio-whether in the pipeline, under construction, or already opened-our team is focused on sourcing and reviewing real estate, evaluating franchisee applications, and collaborating closely with area developers to drive the growth of our asset-light franchising model. As each store opens across our portfolio, our Happy Belly footprint expands. With five (5) of our restaurant brands currently having store locations under simultaneous construction, we look forward to announcing several openings of multiple brands throughout 2024-2025 as we continue to sign franchise agreements and secure prime real estate locations for our franchisees across Canada."
We are just getting started.
About Via Cibo
Via Cibo, an all-franchised system, is an asset-light entity with established street-front real estate locations in both Ontario and Alberta. Authentic Italian Street food, made with the best traditional ingredients for those looking for fast, fresh food that respects tradition via a chef driven full-service restaurant without the full service. At Via Cibo you can enjoy an authentic Italian meal that does not require hours of your time or a great amount of money. Via Cibo is a fast casual restaurant which offers an experience tailored to your needs. Order from one of our greeters and our servers deliver your fresh authentic dishes to your table in under 10min. Via Cibo is the Italian food Italians talk about. Our kitchen is open, smell the food, watch the cooks, have a bite with friends and share in our love for food!
Franchising Information
For franchising inquiries please see www.happybellyfg.com/franchise-with-us/ or contact us at hello@happybellyfg.com
About Happy Belly Food Group
Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company") is a leading consolidator of emerging food brands, led by Sean Black, Chief Executive Officer and Shawn Moniz, Chief Operating Officer.
Happy Belly Food Group
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Happy Belly Food Group
Sean Black
Chief Executive Officer
Shawn Moniz
Chief Operating Officer
For more information visit www.happybellyfg.com or email hello@happybellyfg.com..
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.
Cautionary Note Regarding Forward-Looking Statements. All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to the Company within the meaning of applicable securities laws. Forward-Looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur and include the future performance of Happy Belly and her subsidiaries. Forward-Looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the business plans for Happy Belly described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis and other disclosure filings with Canadian securities regulators, which are posted on www.sedarplus.ca.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226253
FAQ
What new franchise agreement did Happy Belly Food Group (HBFGF) announce?
How many new Via Cibo locations are planned for Ontario according to the HBFGF press release?
What is the total number of contractually committed retail locations for Happy Belly Food Group (HBFGF)?
How many of Happy Belly Food Group's (HBFGF) restaurant brands are currently under construction?
