Business
Texas Here We Come! Hollywood Star Cuts enters agreement with franchise professionals in the Central Texas Area
Texas Here We Come! Hollywood Star Cuts enters agreement with franchise professionals in the Central Texas Area.
About this update from All American Gold Corp.
[{"type":"text","content":"\n Las Vegas, NV, July 12, 2022 (GLOBE NEWSWIRE) -- All American Gold Corp. (OTC Pink: AAGC) is pleased to inform the public about recent and future advancements of Hollywood Star Cuts. Hollywood Star Cuts, a wholly owned subsidiary of All American Gold Corp. is growing rapidly! On July 8th, 2022, All American Gold Corp. and Hollywood Star Cuts entered into an agreement with a group of development and franchise professionals with the objective of developing and operating a number of Hollywood Star Cuts locations in the Central Texas area. The franchise group has a strong track record in operating franchises in Fast Food, Pizza, and Convenient Store locations. The locations that they will be concentrating on include Dallas and its suburbs and the greater Austin area. The agreement stipulated that the development company will open and operate a minimum of three (3) locations in 2023 and a minimum of six (6) locations by the end of 2024 with the intention of developing and operating a minimum of ten (10) locations within five years. The typical Hollywood Star Cuts generates a minimum of $150,000.00 annually in gross revenue. Using this formula, this agreement will add roughly $450,000.00 in revenue in 2023, roughly $600,000.00 in revenue in 2024 and as much as $1,500,000.00 in gross revenues in central Texas upon full maturity. Hollywood Star Cuts began negotiations with the Texas based group four months ago. The negotiations were very friendly, with both parties going out of their way to address the concerns of all parties involved. The Texas group stated that they were impressed with Hollywood Star Cut’s concept including the addition of tanning stations in each location. Hollywood Star Cuts continues to be committed to the success of our Franchise partners as well as the Corporate locations. Hollywood Star Cuts operates Corporate stores in the greater Boise area. Hollywood Star Cuts has entered into franchise agreements with groups in Western Florida, Las Vegas, Nevada and now Central Texas. Initially, Hollywood Star Cuts had a long tern plan of developing and operating one hundred (100) locations Nationwide. At the time of conception, that goal seemed incredibly ambitious. The management of Hollywood Star cuts dramatically underestimated the acceptance of the Hollywood and Southern California Beach Themed hair-care c...