Sadot Group Inc. Announces Signing of Letter of Intent for Sale of Pokemoto and Muscle Maker Grill Restaurant Concepts
Sadot Group Inc. (NASDAQ:SDOT) has signed a letter of intent to sell its Pokemoto and Muscle Maker Grill restaurant chains for $4.25 million, marking the company's complete exit from the restaurant business. The transaction structure includes $2.5 million in cash at closing and $1.75 million in secured notes payable over 72 months.
The buyer has provided a $100,000 deposit, demonstrating confidence in closing the deal. The transaction is expected to complete within 30-45 days, subject to customary closing conditions and final agreements. This divestiture will allow Sadot to focus entirely on its core Agri-food business while potentially reducing operational costs in areas like insurance, legal, and human resources.
Sadot Group Inc. (NASDAQ:SDOT) ha firmato una lettera di intenti per vendere le catene di ristoranti Pokemoto e Muscle Maker Grill per $4,25 milioni, segnando l'uscita completa della società dal settore della ristorazione. La struttura dell'operazione prevede $2,5 milioni in contanti al closing e $1,75 milioni in cambiali garantite pagabili in 72 mesi.
L'acquirente ha versato un deposito di $100.000, a dimostrazione della volontà di concludere l'accordo. La transazione dovrebbe essere completata entro 30-45 giorni, soggetta alle consuete condizioni di chiusura e agli accordi definitivi. Questa cessione consentirà a Sadot di concentrarsi interamente sul suo core business agroalimentare, riducendo potenzialmente i costi operativi in aree come assicurazioni, legale e risorse umane.
Sadot Group Inc. (NASDAQ:SDOT) ha firmado una carta de intenciones para vender sus cadenas de restaurantes Pokemoto y Muscle Maker Grill por $4,25 millones, marcando la salida completa de la compañía del negocio de la restauración. La estructura de la transacción incluye $2,5 millones en efectivo al cierre y $1,75 millones en pagarés garantizados pagaderos en 72 meses.
El comprador ha entregado un depósito de $100.000, lo que demuestra su confianza en cerrar la operación. Se espera que la transacción se complete en un plazo de 30-45 días, sujeta a las condiciones habituales de cierre y a los acuerdos definitivos. Esta desinversión permitirá a Sadot centrarse por completo en su negocio agroalimentario principal y podría reducir costes operativos en áreas como seguros, asuntos legales y recursos humanos.
Sadot Group Inc. (NASDAQ:SDOT)는 Pokemoto와 Muscle Maker Grill 레스토랑 체인을 $425만에 매각하기 위한 의향서를 체결했으며, 이를 통해 회사는 외식업에서 완전 철수하게 됩니다. 거래 구조는 클로징 시 $250만 현금과 72개월에 걸쳐 상환되는 $175만 담보부 어음을 포함합니다.
인수자는 거래 성사 의지를 보여주는 $10만 예치금을 제공했습니다. 거래는 일반적인 클로징 조건 및 최종 계약에 따라 30~45일 내에 완료될 것으로 예상됩니다. 이번 자산 매각으로 Sadot은 핵심 농식품 사업에 전념할 수 있게 되며, 보험·법무·인사 등 운영비용을 절감할 가능성이 있습니다.
Sadot Group Inc. (NASDAQ:SDOT) a signé une lettre d'intention pour vendre ses chaînes de restaurants Pokemoto et Muscle Maker Grill pour 4,25 millions de dollars, marquant la sortie complète de la société du secteur de la restauration. La structure de la transaction comprend 2,5 millions de dollars en numéraire à la clôture et 1,75 million de dollars en billets garantis remboursables sur 72 mois.
L'acheteur a versé un dépôt de 100 000 $, montrant sa confiance quant à la conclusion de l'accord. La transaction devrait être finalisée sous 30 à 45 jours, sous réserve des conditions habituelles de clôture et des accords définitifs. Cette cession permettra à Sadot de se concentrer entièrement sur son activité agroalimentaire principale et pourrait réduire les coûts opérationnels dans des domaines tels que l'assurance, le juridique et les ressources humaines.
Sadot Group Inc. (NASDAQ:SDOT) hat eine Absichtserklärung zum Verkauf seiner Restaurantketten Pokemoto und Muscle Maker Grill für $4,25 Millionen unterzeichnet und tritt damit vollständig aus dem Restaurantgeschäft aus. Die Transaktionsstruktur sieht $2,5 Millionen in bar bei Closing und $1,75 Millionen in besicherten Schuldscheinen vor, die über 72 Monate zahlbar sind.
Der Käufer hat eine Anzahlung von $100.000 geleistet, was Vertrauen in den Abschluss des Geschäfts signalisiert. Die Transaktion soll innerhalb von 30–45 Tagen abgeschlossen werden, vorbehaltlich der üblichen Abschlussbedingungen und endgültiger Vereinbarungen. Dieser Verkauf ermöglicht es Sadot, sich vollständig auf sein Kerngeschäft im Agrar-Lebensmittelbereich zu konzentrieren und möglicherweise Betriebskosten in Bereichen wie Versicherung, Recht und Personal zu reduzieren.
- Sale price of $4.25 million for non-core restaurant assets
- $100,000 deposit received, indicating buyer's serious commitment
- Strategic focus on core Agri-food business after divestiture
- Expected cost savings in insurance, legal, travel, and HR
- Structured payment terms with secured interest-bearing notes over 72 months
- Transaction subject to due diligence and closing conditions with no guarantee of completion
- Extended payment structure with $1.75 million in notes over 72 months instead of full cash payment
Insights
Sadot's $4.25M restaurant divestiture advances strategic shift to agri-food, though closing remains contingent on final agreements.
Sadot Group is taking a definitive step in its strategic pivot by signing an LOI to sell its Pokemoto and Muscle Maker Grill restaurant concepts for
This divestiture carries strategic significance beyond the dollar amount. By shedding these non-core assets, Sadot completes its exit from the restaurant industry to focus exclusively on its emerging agri-food supply chain business. For shareholders, this represents a clear business model transformation rather than a mere asset sale. The expected cost savings from reduced overhead across multiple operational categories (insurance, legal, HR) could potentially exceed the immediate cash proceeds.
While management expresses confidence in closing within 30-45 days, investors should note standard contingencies remain: due diligence completion, definitive agreement finalization, and customary closing conditions. The transaction appears to be proceeding with mutual urgency, but deals at this stage still face potential hurdles before completion. This represents the culmination of Sadot's previously announced strategic shift, providing clarity on the company's future direction as a pure-play in the global food supply chain sector.
BURLESON, TEXAS / ACCESS Newswire / September 3, 2025 / Sadot Group Inc. (Nasdaq:SDOT) ("Sadot Group" "Sadot" or the "Company"), an emerging player in the global food supply chain sector, today announced it has signed a letter of intent ("LOI") to sell its Pokemoto and Muscle Maker Grill restaurant chains, fully divesting all restaurant assets.
Transaction Details and Vision
The LOI, which contains a
The transaction calls for a total purchase price of
"The signing of the LOI and deposit marks a significant milestone for Sadot. As previously discussed, upon completion of the transaction, Sadot will be able to focus all of its resources on the Agri-food side of the business" said Chagay Ravid, CEO of Sadot Group.
Financial Impact and Closing Conditions
Chagay continued, "Sadot Group believes, beyond the transaction purchase price, that the Company may also benefit in overall cost savings in various areas including insurance, legal, travel, human resources, etc."
Completion of the transaction is subject to customary closing conditions, finalization of definitive agreements and any remaining due diligence of which there is no guarantee. The Company expects to finalize the transaction over the next 30-45 days or sooner. Sadot Group remains committed to keeping shareholders informed throughout the process and will provide updates as material developments occur.
About Sadot Group Inc.
Sadot Group Inc. has rapidly established itself as an emerging player in the global food supply chain. Sadot Group provides innovative and sustainable supply chain solutions that address the world's growing food security challenges.
Sadot Group currently operates within key verticals of the global food supply chain including global agri-commodity origination and trading operations for food/feed products such as soybean meal, wheat and corn, and farm operations producing grains and tree crops in Southern Africa.
Sadot Group connects producers and consumers across the globe, sourcing agri-commodity products from producing geographies such as the Americas, Africa and the Black Sea and delivering to markets in Southeast Asia, China and the Middle East/North Africa region.
Sadot Group is headquartered in Burleson, Texas with subsidiary operations throughout the world. For more information, please visit www.sadotgroupinc.com.
Forward-Looking Statements
This press release may include "forward-looking statements" pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. To the extent that the information presented in this press release discusses 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. Such forward-looking statements can be identified by the use of words such as "should", "may," "intends," "anticipates," "believes," "estimates," "projects," "forecasts," "expects," "plans," and "proposes." 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 such forward-looking statements. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading "Risk Factors" and elsewhere in documents that 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 Sadot Group, Inc., does not undertake any duty to update any forward-looking statements except as may be required by law.
Investor Relations:
SOURCE: Sadot Group Inc.
View the original press release on ACCESS Newswire
FAQ
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