Happy Belly's Smile Tiger Coffee Roasters Signs 25-Unit Area Development Agreement in British Columbia
Happy Belly Food Group (CSE: HBFG) (OTCQB: HBFGF) has signed a significant area development agreement for 25 new franchised locations of Smile Tiger Coffee Roasters in British Columbia. This agreement, signed on February 12th, 2025, follows the recent acquisition of Smile Tiger on January 27th, 2025.
The company has partnered with Scott Grandin, described as one of Canada's top Area Developers in the QSR industry. Happy Belly currently maintains 446 contractually committed retail franchise locations across its portfolio brands, including those in development, under construction, or already operational.
The company's strategy focuses on acquiring cash-flow-positive, debt-free brands with positive same-store sales, aiming to double EBITDA within 24 months. Happy Belly's portfolio includes brands such as Heal Wellness, iQ Foods, Via Cibo, Rosie's Burgers, and Yolks Breakfast.
Happy Belly Food Group (CSE: HBFG) (OTCQB: HBFGF) ha firmato un importante accordo di sviluppo territoriale per 25 nuove sedi in franchising di Smile Tiger Coffee Roasters in Columbia Britannica. Questo accordo, firmato il 12 febbraio 2025, segue l'acquisizione recente di Smile Tiger avvenuta il 27 gennaio 2025.
L'azienda ha collaborato con Scott Grandin, descritto come uno dei migliori sviluppatori di area in Canada nel settore QSR. Happy Belly attualmente gestisce 446 sedi di franchising retail contrattualmente impegnate attraverso i suoi marchi in portafoglio, comprese quelle in fase di sviluppo, in costruzione o già operative.
La strategia dell'azienda si concentra sull'acquisizione di marchi con flusso di cassa positivo, senza debiti e con vendite same-store positive, puntando a raddoppiare l'EBITDA entro 24 mesi. Il portafoglio di Happy Belly include marchi come Heal Wellness, iQ Foods, Via Cibo, Rosie's Burgers e Yolks Breakfast.
Happy Belly Food Group (CSE: HBFG) (OTCQB: HBFGF) ha firmado un acuerdo significativo de desarrollo de área para 25 nuevas ubicaciones franquiciadas de Smile Tiger Coffee Roasters en Columbia Británica. Este acuerdo, firmado el 12 de febrero de 2025, sigue a la reciente adquisición de Smile Tiger el 27 de enero de 2025.
La compañía se ha asociado con Scott Grandin, descrito como uno de los mejores desarrolladores de área de Canadá en la industria QSR. Happy Belly actualmente mantiene 446 ubicaciones de franquicia minorista comprometidas contractualmente en su cartera de marcas, incluidas las que están en desarrollo, en construcción o ya operativas.
La estrategia de la compañía se centra en adquirir marcas con flujo de caja positivo, sin deudas y con ventas comparables positivas, con el objetivo de duplicar el EBITDA en 24 meses. La cartera de Happy Belly incluye marcas como Heal Wellness, iQ Foods, Via Cibo, Rosie's Burgers y Yolks Breakfast.
해피 벨리 푸드 그룹 (CSE: HBFG) (OTCQB: HBFGF)는 브리티시컬럼비아주에 있는 25개의 새로운 프랜차이즈 매장에 대한 중요한 지역 개발 계약을 체결했습니다. 이 계약은 2025년 2월 12일에 체결되었으며, 2025년 1월 27일에 Smile Tiger를 최근 인수한 것에 따른 것입니다.
회사는 캐나다 QSR 산업에서 최고의 지역 개발자 중 한 명으로 묘사되는 Scott Grandin과 협력하고 있습니다. 해피 벨리는 현재 446개의 계약적으로 약속된 소매 프랜차이즈 매장을 보유하고 있으며, 이는 개발 중, 건설 중 또는 이미 운영 중인 브랜드를 포함합니다.
회사의 전략은 긍정적인 현금 흐름을 가진, 부채가 없는 브랜드를 인수하고 긍정적인 동일 매장 매출을 목표로 하여 24개월 이내에 EBITDA를 두 배로 늘리는 것입니다. 해피 벨리의 포트폴리오에는 Heal Wellness, iQ Foods, Via Cibo, Rosie's Burgers, Yolks Breakfast와 같은 브랜드가 포함되어 있습니다.
Happy Belly Food Group (CSE: HBFG) (OTCQB: HBFGF) a signé un accord de développement de zone significatif pour 25 nouvelles franchises de Smile Tiger Coffee Roasters en Colombie-Britannique. Cet accord, signé le 12 février 2025, fait suite à l'acquisition récente de Smile Tiger le 27 janvier 2025.
L'entreprise s'est associée à Scott Grandin, décrit comme l'un des meilleurs développeurs de zone au Canada dans l'industrie QSR. Happy Belly gère actuellement 446 emplacements de franchise de détail contractuellement engagés dans son portefeuille de marques, y compris ceux en développement, en construction ou déjà opérationnels.
La stratégie de l'entreprise se concentre sur l'acquisition de marques générant des flux de trésorerie positifs, sans dettes et ayant des ventes comparables positives, visant à doubler l'EBITDA en 24 mois. Le portefeuille de Happy Belly comprend des marques telles que Heal Wellness, iQ Foods, Via Cibo, Rosie's Burgers et Yolks Breakfast.
Happy Belly Food Group (CSE: HBFG) (OTCQB: HBFGF) hat eine bedeutende Gebietsentwicklungsvereinbarung für 25 neue Franchise-Standorte von Smile Tiger Coffee Roasters in British Columbia unterzeichnet. Diese Vereinbarung, die am 12. Februar 2025 unterzeichnet wurde, folgt auf die kürzliche Übernahme von Smile Tiger am 27. Januar 2025.
Das Unternehmen hat sich mit Scott Grandin zusammengeschlossen, der als einer der besten Gebietsentwickler Kanadas in der QSR-Branche beschrieben wird. Happy Belly verwaltet derzeit 446 vertraglich gebundene Einzelhandels-Franchise-Standorte in seinem Markenportfolio, einschließlich derjenigen, die sich in der Entwicklung, im Bau oder bereits im Betrieb befinden.
Die Strategie des Unternehmens konzentriert sich auf den Erwerb von cashflow-positiven, schuldenfreien Marken mit positiven Same-Store-Umsätzen, mit dem Ziel, das EBITDA innerhalb von 24 Monaten zu verdoppeln. Das Portfolio von Happy Belly umfasst Marken wie Heal Wellness, iQ Foods, Via Cibo, Rosie's Burgers und Yolks Breakfast.
- Secured 25 new franchise locations in British Columbia
- Portfolio includes 446 contractually committed retail franchise locations
- Recent acquisition (Smile Tiger) is cash-flow-positive and debt-free
- Shows positive same-store sales performance
- Strategic expansion plan aims to double EBITDA in 24 months
- None.
Toronto, Ontario--(Newsfile Corp. - February 13, 2025) - Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company"), a leading consolidator of emerging food brands is happy to announce that, as of February 12th, 2025 it has signed an area development agreement for the province of British Columbia to open 25 new franchised locations of its newest acquisition that closed on January 27th, 2025, Smile Tiger Coffee Roasters ("Smile Tiger"), an emerging brand in the quick service beverage industry.
Smile Tiger 1
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"As we continue to focus on asset light growth, it made so much sense to partner with Scott Grandin who is easily one of the top Area Developers in Canada's QSR industry," said Sean Black, Chief Executive Officer of Happy Belly. "We are committed to creating shareholder value across our portfolio with our disciplined approach to organic & inorganic growth as we are just getting started in the quick service beverage industry. Acquiring cash-flow-positive brands that are debt-free and demonstrate positive same-store sales like Smile Tiger aligns with our low-risk strategy for delivering consistent returns. Now our focus is on leveraging our platform to scale the brand across Canada with a focus on doubling the EBITDA in 24 months or less."
"We currently have 446 contractually committed retail franchise locations from area developers across all emerging brands in the Happy Belly Food Group portfolio including those in development, under construction or already open. We are working to actively expand this pipeline significantly in 2025 & 2026 with our disciplined approach to growth. It is key for us to continue selecting the right franchise partners along with the right real estate in order to achieve our development goals for the brands. The selection process has now officially started."
Smile Tiger 2
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"Happy Belly's track record over the last several years speaks for itself-whether with Heal Wellness, iQ Foods, Via Cibo, Rosie's Burgers, or Yolks Breakfast, we have consistently proven our ability to acquire high-potential assets at reasonable multiples and rapidly expand their EBITDA. Smile Tiger is no exception. Signing this area development agreement for 25 net new locations in British Columbia alone, exemplifies our ability to identify and integrate strong-performing brands, setting them up for even greater success under our Happy Belly operational framework."
Smile Tiger
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We are just getting started
About Smile Tiger Coffee Roasters Inc.
Our coffee brand is built on the art of unique, in-house roasting. By sourcing premium, ethically grown beans from around the globe, we ensure every cup delivers unparalleled freshness and flavor. Our expert roasters meticulously craft each batch, unlocking the distinct profiles and aromas that set us apart. From rich, bold blends to delicate, nuanced single origins, our roasting process is a celebration of coffee's diversity. Committed to sustainability and quality, we bring you an exceptional coffee experience, roasted to perfection and tailored to delight even the most discerning coffee enthusiasts.
Smile Tiger's coffee roasting capabilities, including consumer-packaged goods (CPG) and white-label products, provide large-scale commerce capabilities. This strategic advantage, combined with delivering exceptional coffee and outstanding service, positions us to capitalize on the growing demand in the coffee, tea, bubble tea, energy drink, and refresher markets-categories transforming the quick serve beverage industry across North America.
Franchising
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.
Happy Belly Food Group
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Sean Black
Chief Executive Officer
Shawn Moniz
Chief Operating Officer
FOR FURTHER INFORMATION, PLEASE VISIT:
www: www.happybellyfg.com or email hello@happybellyfg.com
If you wish to contact us please call: (604) 737-2303
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/240754
FAQ
How many new Smile Tiger Coffee locations will HBFGF open in British Columbia?
When did HBFGF acquire Smile Tiger Coffee Roasters?
How many total franchise locations does HBFGF have in development?
What is HBFGF's EBITDA growth target for Smile Tiger Coffee?
What brands are currently in HBFGF's portfolio?
