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Muscle Maker, Inc. (GRIL) announced the opening of two Healthy Joe’s locations at Naval Station Newport, Rhode Island, as part of its expansion beyond Army and Marine bases. This initiative includes serving healthier meal options to Navy personnel at the Surface Warfare Officers School and Naval Health Clinic. The company aims to broaden its military portfolio, enhancing its reach into the U.S. Navy. Planning and construction will begin in Q4 2020, with anticipated openings in Q1/Q2 2021. Additionally, Muscle Maker has nominated Major General (retired) Malcolm Frost to its Board of Directors.
Muscle Maker, Inc. (GRIL) shared an investor update on October 14, 2020, focusing on its non-traditional location growth strategy. The company plans to open new stores, including Ghost Kitchens, and targets military expansion after raising $5.6 million in equity. The appointment of Major General (retired) Malcolm Frost to the board aims to enhance military outreach. The company has already opened three Ghost Kitchen locations and plans to expand further. Muscle Maker aims to leverage opportunities arising from the COVID-19 pandemic while maintaining transparency with investors.
Muscle Maker, Inc. (GRIL) has reopened its first Healthy Joe’s location in Tribeca, NYC, after a six-month closure due to COVID-19. The fast-casual restaurant offers healthy meals prepared in a 500-degree conveyor oven, including oven-toasted subs and unique signature dishes. To celebrate, Healthy Joe’s will introduce a 'Cheater' menu, featuring indulgent items. The restaurant is implementing a new contactless ordering system and will operate at 25% indoor capacity alongside outdoor dining to comply with NYC safety guidelines.
Muscle Maker, Inc. (GRIL) recently opened its second campus location at Northern Virginia Community College, Manassas, providing healthier food options for students and faculty. The company plans to complete four locations across the NOVA campuses, with the remaining two set to open next semester. CEO Michael Roper highlighted the need for nutritious food at universities, positioning the company to capitalize on this demand. Muscle Maker Grill continues its non-traditional growth strategy by scouting additional locations, including Texas Tech University Health Sciences Center.
Muscle Maker, Inc. (GRIL) has opened its first campus location at Northern Virginia Community College (NOVA) as part of its expansion strategy. The Loudoun site, which opened on September 23, 2020, features offerings from Healthy Joe’s, focusing on healthier options for students and faculty. Future openings are planned at the Manassas, Alexandria, and Woodbridge campuses, enhancing the brand's presence in the region. The company aims to cater to the increasing demand for nutritious meals among younger generations.
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Muscle Maker, Inc. (Nasdaq: GRIL) has announced the signing of a lease to open two new ghost kitchens in New York City, increasing its operational locations to nine across three major U.S. cities. The kitchens will serve the company's food concepts via third-party delivery services. The Manhattan location in Tribeca offers unique pickup options for customers, while the Brooklyn kitchen is positioned in a delivery-centric area. CEO Michael Roper emphasized the company's strong financial position to pursue this growth in response to the demand for healthy food during the pandemic.
Muscle Maker announced its public offering of 3,294,118 shares at $1.70 each, set to close on September 15, 2020. An additional 494,117 shares may be purchased by underwriters. The funds will support the company's growth initiatives, including opening up to 35 ghost kitchens in metropolitan areas, adapting to changes in the restaurant industry due to Covid-19. CEO Michael Roper emphasized the potential for expansion and brand enhancement.
Muscle Maker, Inc. (GRIL) announced the opening of two new ghost kitchens in Philadelphia, increasing its total to seven locations across major U.S. cities. The kitchens will feature menus from Muscle Maker Grill and Healthy Joe’s, available via third-party delivery platforms. This expansion aligns with the company's strategy to enter new markets quickly and economically, capitalizing on the rising demand for delivery services. The company aims to provide healthier meal options and plans to keep shareholders updated on future developments.
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