Pokemoto, Muscle Maker, Inc. (Nasdaq: GRILL) expanding the Hawaiian poke bowl restaurant concept, today announced the signing of three additional franchise agreements signed in the Connecticut market. The three newly signed agreements bring Pokemoto’s presence in Connecticut to 18 Pokemoto locations (10 currently open and 8 future franchise locations). This signing brings the total number of new franchise contracts signed to 43.
Pokemoto continues to reign as the largest Hawaiian Poke chain in the Connecticut market today with plans to continue its expansion through franchise efforts and company-owned locations in multiple states. Over the summer months, the Hawaiian poke chain announced its entry into three new states: Kansas, Tennessee and Texas, bringing the brands overall presence to 13 states once the locations open. The company currently has 11 locations under construction preparing to open in the coming weeks and early fall.
The Pokemoto franchise model allows for an initial franchise fee of up to $25,000 per unit when the agreement is signed, while providing 6% of net sales as an ongoing monthly royalty fee once each location opens.
“The Connecticut market is home to the most Pokemoto restaurants with 18 locations, once the newly signed deals open. We are thrilled to hold the title of largest poke player in the state of Connecticut.” said Michael Roper, CEO. “The franchise and development teams have been working tirelessly to bring new offerings to the table as we work with our existing franchise community to open and operate new units. We also have a few company-owned locations that are getting ready to open that will help ‘seed’ the market to cover more territory and potentially sign more franchise agreements. I look forward to sharing future updates on openings and new deals signed!”
About Muscle Maker, Inc.
Muscle Maker, Inc. is the parent company of “healthier-for-you” brands that provide high-quality, healthy food options to consumers through traditional and non-traditional locations such as military bases, universities, ghost kitchens, delivery and preparation direct to the consumer. meal preparation options. Brands include Muscle Maker Grill restaurants, Pokemoto Hawaiian Poke and SuperFit Foods meal prep. Our menus highlight healthier versions of traditional and non-traditional dishes and include grass-fed steak, lean turkey, chicken breast, ahi tuna, salmon, shrimp, tofu and vegetarian options. For more information on Muscle Maker, Inc., visit www.musclemakergrill.comFor more information about Pokemoto visit www.pokemoto.com.
About Pokemoto
pokemon (www.pokemoto.com) a Hawaiian poke bowl concept known for its modern culinary twist on a traditional Hawaiian classic has opened or soon has locations in Connecticut, Massachusetts, Florida, Maryland, Virginia, Rhode Island, New York, New Jersey, Pennsylvania, Tennessee, Texas, Mississippi . and Kansas. Pokemoto offers contemporary flavors with fresh, delicious ingredients that appeal to foodies, health enthusiasts and sushi lovers everywhere. Guests can choose from a list of signature bowls or be bold and create their own unique combination of a base, protein, various ingredients and nine different sauces. Vegetarian options are available and the bowl combinations are virtually limitless. Colorful dishes and stylish modern dining rooms offer a stimulating dining experience for guests of all ages. Customers can dine in-store or order online using third-party delivery apps for contactless delivery.
Forward-looking statements
This press release may contain “forward-looking statements” pursuant to the “safe harbor” provisions of the US Private Securities Litigation Reform Act of 1995. To the extent the information presented in this press release discusses the financial projections, information or expectations about our business plans, results of operations, products or markets, or otherwise makes statements about future events, such statements are forward-looking. These forward-looking statements can be identified by the use of words such as “should,” “may,” “intends,” “anticipates,” “believes,” “estimates,” “projects,” “forecasts,” “expects, “. “Plans” and “Proposal”. Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from these forward-looking statements. We urge you to carefully review and consider any cautionary statements and other disclosures, including statements made under the heading “Risk Factors” and elsewhere in documents we file from time to time with the SEC. Forward-looking statements speak only as of the date of the document in which they are contained, and Muscle Maker, Inc. undertakes no duty to update any forward-looking statement, except as required by law.