Muscle Maker, Inc Stock Price, News & Analysis

Muscle Maker, Inc. (GRIL) announced the reopening of its high-volume franchise location in Manhattan, now corporate-owned. This restaurant, which generated over $1.1 million in sales in 2019, has been remodeled and includes a contactless kiosk and outdoor seating. Muscle Maker aims to expand by adding ghost kitchens and partnerships, including meal prep services. The company plans to introduce healthier alcoholic beverages soon. CEO Michael Roper emphasized opportunities for growth amid a fast-paced market.

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Muscle Maker, Inc. (GRIL) has announced its expansion into Miami with the signing of an agreement to establish its 11th delivery-only ghost kitchen in Wynwood. This location follows a new Miami Beach ghost kitchen, set to open in Q1 2021. The Wynwood kitchen aims to attract a younger demographic drawn to the neighborhood's vibrant culture. The company anticipates strong demand for its health-oriented menu, which includes offerings from its brands like Muscle Maker Grill and Healthy Joe's, aiming to service millions in the South Florida area.

Muscle Maker Grill (GRIL) has expanded its meal plan offerings through a partnership with Happy Meal Prep, allowing it to reach millions of new customers. This initiative enables each restaurant to serve as a fulfillment center for meal plans, covering a shipping radius of 250 miles. Launching from Fort Sill, Oklahoma, and Manhattan, the service aims to meet the growing demand for convenient, healthy meal options. Happy Meal Prep has experienced significant growth, processing hundreds of thousands of meals monthly and boosting client conversion rates and average order values.

Muscle Maker, Inc. (GRIL) has acquired a franchise-owned restaurant in Philadelphia, marking its third corporate location in the area. The restaurant has been operational for over eight years and will enhance revenue immediately. Located near fitness facilities, it aims to serve health-conscious consumers with dine-in and delivery options. CEO Michael Roper emphasized the acquisition's strategic importance in expanding the brand's presence in Philadelphia, alongside two upcoming ghost kitchens. This move aligns with their goal to provide healthier dining options.

Muscle Maker Inc. (GRIL) has strengthened its Board of Directors by electing Major General Malcolm Frost and finance expert Philip Balatsos. General Frost brings extensive military experience crucial for enhancing military contracts, focusing on the company's growth strategy. Balatsos adds over 20 years of public finance expertise, which will support the financial aspects of the company’s initiatives. CEO Michael Roper emphasized the significance of these appointments, highlighting their potential to unlock new growth opportunities for Muscle Maker Grill and its subsidiaries.

Muscle Maker, Inc. (GRIL) is expanding its delivery-only ghost kitchen model with three new locations in Providence, San Francisco, and San Jose. The Providence kitchen is strategically positioned near several universities, catering to a large population of students and professionals. The San Francisco and San Jose kitchens will be operated by a franchise partner who already manages locations in Antioch, CA. CEO Michael Roper emphasized the low cost and fast expansion potential of the ghost kitchen model, particularly in the context of increased delivery demand due to COVID-19.

Muscle Maker, Inc. (GRIL) announces the acquisition of a high-volume restaurant location in Chelsea, Manhattan, previously franchise-owned. This site generated over $1.1 million in sales in 2019 and will serve as a corporate-operated venue with expanded services, including outdoor seating, a ghost kitchen for additional brands, and online meal ordering. The company plans to enhance its menu with healthier beer and wine options. This acquisition aligns with Muscle Maker's growth strategy, which includes pursuing non-traditional locations and new concepts in response to market opportunities.

Muscle Maker, Inc. (Nasdaq: GRIL) has signed a lease for its tenth ghost kitchen in Miami Beach, Florida, as part of its growth strategy. This new location, situated within a modern food court, will serve multiple restaurant brands, including Muscle Maker Grill and Healthy Joe's. With features tailored for efficient food delivery, the facility aims to attract the area's health-conscious demographic. CEO Michael Roper expressed confidence in the market potential, citing Miami Beach's vibrant community and the company’s ongoing expansion into major cities.