Business
Heads of terms for US and Canada franchise deal
Heads of terms for US and Canada franchise deal.
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[{"type":"text","content":"\n \nRNS Number : 3207X Escape Hunt PLC 29 April 2019 \n\nEscape Hunt plc\n(the \"Company\" or \"Escape Hunt\")\nHeads of terms for US and Canada franchise deal\nEscape Hunt (AIM:ESC) announces that it has signed heads of terms with a US franchising partner for a roll-out of new franchisee sites across the US and Canada. Although the heads of terms are detailed, they are still subject to a contract being completed.\nThe US partner brings a wealth of experience both as a franchisee and franchisor of a number of leisure businesses, with dedicated management and the financial resources to execute the anticipated roll-out. A detailed plan to address the significant market opportunity has already been developed with this US partner during discussions over the last six months.\nIn line with its ambition of growing the franchise estate by two to three times over the medium term in conjunction with well-resourced partners, Escape Hunt believes that this deal represents a significant step towards achieving this goal.\nThis announcement contains inside information as defined in EU Regulation No. 596/2014 and is in accordance with the Company's obligations under Article 17 of that Regulation.\n \n\n\n\n\nEnquiries\n \n\n\n \n\n\n\n\nEscape Hunt plc\nRichard Harpham (Chief Executive Officer) \nAlistair Rae (Chief Financial Officer) \nMustapha Omar (Commercial Director) \n &nb...