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I am starting this new subject because I think this could be one of the best restaurant/entertainment stocks to come around in a long time. The company has just opened a flagship Marche in Boston and has plans for NYC in June, San Diego and Chicago later this year. Presently there are also 3 up and running in Toronto(2) and Montreal(1). Marches features a free flow environment where food, aromas and the sights and sounds of a Mediterranean market create a total food and entertainment experience. At Marche, customers shop for their meals from a variety of market staTIONS. Meals are prepared in plain view of the customer by Marche chefs who interact directly with customers, insuring that meals are prepared exactly as ordered. Marches are large with the Boston site encompassing 36,000 square feet and should produce 15 million in revenue. They also have Take-me! Marche outlets that are located at entrances to Lablows Supermarkets and in close proximity to flagship Marches. There is large upside once they start generating nice profits later this year.
There is big inside ownership with Jorg Reichert owning the biggest chunk(was 50% before a recent financing), TrizecHahn owns 27% and is a real estate development firm, and Movenpick of Switzerland about 5%. Corporate executives call it "the Disney World of food and beverage" and Chairman Reichert says, "I would give up if Marche Movenpick didn't blow everyone away." I can't explain everything about this company that makes me feel like it is almost a guareenteed 10 bagger in 2-3 years(not 2 days but sustainable) so call company for more info Colin West 416 366-8122 and let me know what you think. It hardly trades right now and is off its IPO price because development has been slower than expected. This is because the company gets all kinds of leasehold improvements and lease rent concessions for building but these negotiations have taken longer than expected.
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