Muscle Maker, Inc Stock Price, News & Analysis

Muscle Maker, Inc. (Nasdaq: GRIL) has signed a new franchise agreement for the Pokemoto Hawaiian poke bowl concept in Old Bridge, New Jersey. This is the company's 44^th franchise agreement and marks significant growth, following three recent grand openings in other states. The new location aims to cater to a demographic of Millennials and Gen-Zs in a heavily residential area, enhancing brand visibility and market reach. The franchise model offers $25,000 per agreement and ongoing royalties of up to 6% of net sales.

Pokemoto, a brand under Muscle Maker, Inc. (GRIL), has opened its eleventh location in Colchester, Connecticut. This opening is part of a rapid expansion strategy with nine more agreements signed in the state, solidifying its position as the largest poke player in Connecticut. The company recently celebrated three openings in ten days, including locations in Mississippi and Florida. The franchise model shows robust potential, generating up to $25,000 per signed agreement and up to 6% in ongoing royalties.

Muscle Maker, Inc. (Nasdaq: GRIL) has opened a new Pokemoto restaurant in Orange Park, Florida, in a shared facility with its Meal Prep brand, Superfit Foods. This new location, occupying 300 sq ft of a 4,000 sq ft space, is designed for takeout and online orders through third-party services. The company is focused on expanding its brand visibility and franchise opportunities, having already secured 43 franchise agreements and with nine locations under construction. The veteran's discount for franchises has been significantly reduced from $25,000 to $10,000.

Muscle Maker, Inc. (Nasdaq: GRIL) has announced the grand opening of its first Pokemoto franchise location in Oxford, Mississippi. This marks the initial launch of three franchise agreements in the state, strategically positioned near the University of Mississippi to attract Millennials and Gen Z customers. The new outlet showcases a modern design and a menu featuring customizable poke bowls and boba teas. With 43 franchise agreements sold and 10 locations under construction, the company aims for aggressive growth in the poke segment, generating substantial revenue through franchise fees and royalties.

Pokemoto, a brand of Muscle Maker, Inc. (GRIL), has solidified its position as the largest Hawaiian poke chain in Connecticut, with a total of 18 locations planned. Recently, three additional franchise agreements were signed, bringing the total of new franchise agreements to 43. The franchise model includes an initial fee of up to $25,000 and a 6% royalty on net sales. The brand is expanding into new states, including Kansas, Tennessee, and Texas, with 11 locations currently under construction. CEO Michael Roper emphasizes ongoing growth and market coverage.

Muscle Maker, Inc. (Nasdaq: GRIL) reported a strong cash position with over $13.4 million as of June 30, 2022, and an accelerating growth trajectory with over 40 franchise agreements. CEO Michael Roper highlighted a 26% improvement in operating profits despite rising inflationary pressures, aided by a reduction in SG&A costs by over 35%. The company is set to open corporate locations in Philadelphia, Jacksonville, and Wichita, with a franchise expansion plan covering 40 states. The focus remains on enhancing the Pokemoto brand, capitalizing on growth opportunities.

Pokemoto, part of Muscle Maker, Inc. (GRIL), is expanding its Hawaiian Poke Bowl concept with a new location in Wichita, Kansas. This marks the entry of Pokemoto into the Kansas market, joining 12 other states where it is either open or coming soon. CEO Michael Roper emphasized the strategic importance of this corporate store as a 'seed' location to facilitate franchise sales in the area. Previously, 40 new franchise agreements were announced, indicating a busy expansion phase for the company.

Muscle Maker Grill has launched a new menu feature with four (lite) ranch-based wraps aimed at health-conscious consumers. This initiative aligns with the company’s mission to offer nutritious alternatives to traditional fast food. Menu items include Buffalo Chicken Wrap, Chicken Bacon Ranch Wrap, Philly Chicken Cheesesteak Wrap, and Turkey Spinach Avocado Wrap, all served with a side. The wraps incorporate lite ranch dressing to reduce calories and fat, addressing the popularity of ranch dressing among customers. The new offerings are available at participating locations.

Pokemoto, a Hawaiian poke bowl franchise under Muscle Maker, Inc. (GRIL), has signed its 40th franchise agreement in Gallatin, Tennessee. This marks Pokemoto's entry into Tennessee, enhancing its presence across 12 states. The franchise model includes a $25,000 initial fee and a 6% royalty on net sales, with discounts available for veterans. Recently, Pokemoto partnered with FranFund to offer funding solutions for franchisees. With new locations in various stages of development, the company aims for a busy second half of the year.