Equicapita Income Trust and Income LP (“Equicapita”) are pleased to announce growth at Smitty’s Restaurants. New store openings:
Kelowna (BC): Franchise location opened in Perkins Restaurant space within the Ramada Inn on Harvey Avenue in Kelowna.
Morley (AB): Partnership with Chiniki First Nations Band to convert former Chiniki Restaurant to a Smitty’s franchise location.
Winnipeg (MB): On track to open franchise location on Kenaston Avenue in May.
Lethbridge (AB): Construction now started on a franchise location near the new ATB center to open in August.
In addition to new locations, the Smitty’s loyalty app is on track to launch next month. Smitty’s is also currently celebrating its 60th anniversary with a guest facing scratch & win program.
For more information please contact: Greg Tooth, Director, Tel: 587.887.1527, Email: gtooth@equicapita.com
About Equicapita: Founded in 2013, Equicapita is a private company buyout fund based in Calgary, Alberta and Burlington, Ontario with ~ $300 million in AUM focused on acquiring Canadian businesses with enterprise values ranging from $5 million to $30+ million.
Forward Looking Information: This news release may contain certain information that is forward looking and, by its nature, such forward-looking information is subject to important risks and uncertainties. The words “anticipate,” “expect,” “may,” “should” “estimate,” “project,” “outlook,” “forecast” or other similar words are used to identify such forward looking information. Those forward-looking statements herein made by Equicapita, if any, reflect Equicapita’s beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those anticipated or predicted in these forward-looking statements, and the differences may be material. Factors which could cause actual results or events to differ materially from current expectations include, among other things: risks associated with the ownership and operation of businesses, including fluctuations in interest rates; general economic conditions; supply and demand for businesses; competition for available businesses; changes in legislation and the regulatory environment; and international trade and global political conditions. Readers are cautioned not to place undue reliance on any forward-looking information contained in this news release (if any), which is given as of the date it is expressed herein. Equicapita undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise.