WCVC to start franchising its Illegal Burger restaurant in US; Brinker International reports $1.54bn in H1 total revenues
04 Febbraio 2019 - 5:59PM
InvestorsHub NewsWire
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WCVC to start franchising its Illegal Burger restaurant in
US
![](https://www.verdictfoodservice.com/wp-content/uploads/sites/31/2019/01/Illegal-Burger.jpg)
February 04, 2019 -- InvestorsHub NewsWire -- West Coast
Ventures Group (WCVC) is set to commence franchising its
fast-casual dining concept Illegal Burger.
The company is planning to start selling the franchises in three
to four months to add to its current $3m annual revenue.
WCVC CEO Jim Nixon said: “We are excited about this upcoming new
revenue stream for the company. As many are aware, franchising
brings significantly greater bottom line profit compared to
company-owned locations."
“We have received many inquiries over the last few months
requesting the availability of franchises. We expect a very
positive response to WVCV adding this aspect.”
Illegal Burger recently signed an agreement with North American
Cannabis Holdings (USMJ) to introduce a pilot cannabis-themed
restaurant in Colorado.
This move was part of the sale of USMJ’s AmeriCanna Café to
Priority Aviation.
The cannabis-themed restaurant will comprise a food truck that
will appear at pop-up venues near recreational marijuana
dispensaries in Colorado. It will be opened in collaboration with
AmeriCanna Cafe by mid-2019.
Based in Denver, Colorado, WCVC develops, owns and operates
contemporary restaurant concepts Illegal Burger and El Señor Sol.
It currently operates six restaurants in Denver under Illegal
Burger and El Señor Sol brands.
Brinker International reports $1.54bn
in H1 total revenues
![](http://www.verdictfoodservice.com/wp-content/uploads/sites/31/2019/01/Brinker.jpg)
Brinker International has reported total revenues of $1.54bn for
the first half (H1) of the year ending 26 December 2018.
This has increased in comparison with the previous year’s revenue
at $1.5bn.
The restaurant company also reported a net income of $58.4m for
the six-month period compared with $35.2m for H1 2017, and a rise
in operating income from $83m in 2017 to $96.5m in 2018.
The company’s total operating costs and expenses for H1 2018
were $1.44bn, which shows a slight increase compared with $1.42bn
in 2017.
Brinker International CEO and president Wyman Roberts said:
“Brinker delivered our fifth consecutive quarter of sequential
sales improvement, posting positive sales and industry leading
traffic.
“Our sustained momentum is being driven by several key factors,
including operational execution, takeout and value.”
The casual dining restaurant chain reported that its total
revenue increased 3.2% to $790.7bn in Q2 ending 26 December 2018,
compared with the previous year’s $766.4bn.
Its net income for the period was $32m, compared with $25.3m for
Q2 2017, while the operating income was $49.6m for Q2 2018 compared
with $54.4m in Q2 2017.
Brinker International owns and operates 1,685 restaurants,
including 1,632 Chili’s Grill & Bar restaurants and 53
Maggiano’s Little Italy restaurants.
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