Rising India, Inc. (OTC: RSII), announces today it will immediately begin work toward the acquisition of up to 5 profitable stores in the popular Quick Serve Pizza Restaurant segment. Current targets are currently earning about $450,000 in revenues per year, per store. Acquisition of targets would provide immediate cash flow identified from profitable longstanding, absentee owner operations with proven model success.
CEO Jim DiPrima comments, "Given our SWOT analysis of the opportunity here, I am very pleased with our current objectives. The opportunities in this ever-evolving market are significant. Statistics show that QSR pizza customers are happy to pay extra dough, even in a slowly recovering economy, for the right ingredients, be they exotic, organic or a unique recipes and Gluten Free alternatives not found in typical chains.
We intend to take part in capitalizing on this ever-increasing trend with strategies for unique advantages and flexibility to expand our operations outside the pizza realm into other QSR concepts by year 3."
Forbes recently reported why better Quick-Serve Pizza has become the next big dining trend including empirical data reminding us that earlier this year, 900-unit chain Buffalo Wild Wings bought a stake in one next-wave pizza upstart, year-old PizzaRev. When established chains start to buy in, you know they sense a new trend in motion -- and they want to make sure they've got a piece of the action. Savvy 'Shark Tank' investor Mark Cuban bought into natural-pizza startup Naked Pizza in 2010.
According to statistics from Franchise Disclosure Documents, Americans eat on average 100 acres of pizza daily or 350 slices per second. In addition, 93 percent of Americans eat at least one pizza per month, easily making pizza the number one dinner choice in the United States. The $40 billion industry (measured by sales per year) makes up approximately 17 percent of all restaurants in the nation.
DiPrima intends to utilize his own experience in franchising, which includes extensive knowledge on training and managing incoming owners, site selection, lease negotiations, design and build-outs to meet franchise specs. As well, the Company plans to hire in the near future, seasoned restaurateurs to serve as Chief Operations and Chief Strategy Officers or Consultants for the company, and offering a vested stake in the company toward highly motivated success for optimal revenues and growth for RSII and its shareholders.
The Initial target acquisitions, which hold multiple concepts in the Quick Service Pizza realm, have lower food costs than a typical stand-alone store due to multiple locations and synergized purchasing therein. As well, RSII has identified a South Texas based financial group to insure leveraged buy-outs following the Company's initial acquisitions, to further expand operations through 2015.
"RSII looks forward to consistent updates via press release in the name of overall transparency for shareholders through these exciting first steps," states DiPrima.
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