09:15:10 EDT Sat 15 Jun 2024
Enter Symbol
or Name

Perk Labs Inc
Symbol PERK
Shares Issued 192,975,860
Close 2022-05-25 C$ 0.04
Market Cap C$ 7,719,034
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Perk Labs signs franchise deal for Downtown Toronto

2022-05-25 13:03 ET - News Release

Mr. Jonathan Hoyles reports


Perk Labs Inc. has signed a franchise agreement for the territory of Downtown Toronto.

"We are delighted to be expanding into the Toronto area. Our whole team invested a substantial amount of effort into our product over the last few months to set us up for scalability on the East Coast," said Perk's interim vice-president of sales, Justin Strange. "We've received substantial interest in Toronto and the surrounding area from both prospective franchisees and restaurants and we are energized by the prospect of bringing our solution to so many great operations located in the Toronto area. The team at Perk Hero is more than excited to take another big step forward and welcome our new franchisee who is a very accomplished entrepreneur with extensive years of experience operating his own successful enterprise as a supplier to restaurants. We plan to work closely with our franchisee to grow the Perk Hero brand in the downtown Toronto area where the demand for technology in the hospitality industry is very high and continue the company's forward momentum of our restaurant rescue program which is designed to help restaurants navigate the postpandemic harm, current labour shortage, as well as crippling inflation."

Through Perk Hero, franchisees can offer restaurants a solution that provides the convenience of mobile ordering and payment, combined with a powerful digital loyalty program and customer relationship management software. Unlike brick and mortar franchises, as a Perk Hero digital franchise, owners do not have to take on significant overhead and can build a growing recurring software-as-a-service (SAAS) revenue stream in their local marketplace. All franchisees have access to Perk Hero's on-line portal that provides powerful analytics, merchant management, promotional tools, support and training.

"Perk Hero offers a unique opportunity for franchise partners to own a leading-edge technology business and offer restaurants access to a solution to the paralyzing labour shortage and the skyrocketing inflation," said Perk chief executive officer Jonathan Hoyles. "We are thrilled to partner with our new franchisee and bring our powerful software solution to restaurants and their guests in Toronto."

About Perk Labs Inc.

Perk Labs is the owner of Perk Hero, the mobile commerce platform on a mission to empower business owners with the digital tools to provide their customers with experiences that are more engaging, convenient and rewarding. Perk Hero is growing through a unique community-driven digital franchise business that is available to entrepreneurs at an attractive start-up price.

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