NutriPure Beverages, Inc. announced today that it has signed a Letter of Intent to acquire 100% of the stock of Moneymaker 1 LLC. Under the terms of the proposed agreement, Moneymaker 1 LLC will change its name to Inka Grill Franchise Systems and become a wholly-owned subsidiary of NutriPure. Management of both companies will remain intact.
Inka Grill is a very successful Peruvian restaurant group in Southern California. Moneymaker 1 LLC owns the franchising rights to the Inka Grill restaurant, recipes and products, and an agreement is already in place with a major franchising firm to take the concept nationwide.
In conjunction with the announcement, NutriPure’s CEO Ken Jones commented, “We are very excited to announce that we are close to finalizing our acquisition of Moneymaker 1 LLC. Peruvian food is very hot in today’s market (no pun intended), both because of its unique flavor profiles and because of the many health benefits it provides. Our search for a great food concept to complement our premium enhanced bottled water business led us directly to Inka Grill and Moneymaker 1 LLC, which we believe offers not only the greatest-tasting and most healthful Peruvian food concept on the market today, but also the one with the best upside for rapid nationwide expansion. We are very close to a final agreement, which we expect to announce very soon, and more details will be forthcoming at that time.”
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