Obee’s Franchise Systems, Inc. Releases 6 Month Revenue Forecast
Obee’s Franchise Systems, Inc. today released a system-wide sales and revenue forecast for July - December 2007. The projection includes the revenues OBFC expects to earn from the planned openings of several new obee’s® soups, salads & subs restaurants during this six month period.
The forecast projects that obee’s® soups, salads & subs will generate $6,400,000 in system-wide sales during the next six months. OBFC is expecting to earn approximately $662,000 in revenues from these sales along with the franchise fees the company also expects to generate from the sale of new franchises. The sales figures are based on the revenue stream currently being earned from its existing franchise network, combined with the new royalties and management fees that will be added to the company’s revenue stream as new obee’s® soups, salads & subs units are opened.
Obee’s Franchise Systems, Inc. will undergo a 30-1 forward stock split on July 20th and will also be traded under a new stock symbol. Additional announcements concerning the opening of new obee’s® soups, salads and subs locations, and the company’s new franchise expansion program will be released as details become available.
About Obee’s Franchise Systems, Inc.
Obee’s Franchise Systems Inc. is the parent company of obee’s® soups, salads & subs, a fast casual restaurant chain that manages franchises in 21 states from Florida to California. At present there are over 50 Obee’s locations open and under development. OBFC has commitments from a nationwide network of area developers to open an additional 1,000 stores over the next ten years.
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