According to the National Restaurant Association’s 2015 Restaurant Industry Forecast, the restaurant industry will reach record-breaking numbers in 2015. More specifically, the industry is expected to generate over $709 billion in sales with one million locations and 14 million employees. The positive outlook is that growth is likely going to speed up and will be the sixth year in a row that there has been sales growth in the restaurant industry. Also, restaurants are likely going to be the country’s primary job creator.
“Population growth and Americans’ continued desire for convenience and dining out continues to fuel industry growth,” Hudson Riehle, senior vice president of research for the National Restaurant Association, stated. “Certain components of the business climate remain a challenge, however, as regional variability in employment levels and disposable income gains still put a damper on the overall environment.”
For that very reason, companies are looking to contribute to the consecutive growth of the restaurant industry. One such company is the Gray Fox Petroleum Corp (OTCMKTS:GFOX) announced a new direction as well as new management geared towards the restaurant industry in late September. The management change came after acquiring DB Capital Corporation, a privately held company. Daniel Sobolewski, the Chairman and CEO of DB Capital Corporation became the new Chairman and CEO of Gray Fox Petroleum Corporation.
Through a new acquisition, Gray Fox Petroleum Corp (OTCMKTS:GFOX) now has ownership in two Graffiti Junktion Restaurant locations in Florida. Graffiti Junktion is a restaurant with an American Burger, Sports Bar theme. Also, the restaurant has won multiple awards in its time. For instance, it was voted Best Burger this year. The thirteen locations are family-friendly with food served fresh and never frozen. Best of all, Graffiti Junktion is planning on consistently growing throughout the year. This is especially great news for Gray Fox Petroleum Corporation who is trying to satisfy shareholders; “I feel that the new direction of the Company will bring value back to (GFOX), and its shareholders,” Sobolewski said. Over the last three months, GFOX has seen lows of $0.0161 and a 210% difference with highs of $0.05.